A Reuters analysis reveals 28 of 53 publicly traded business development companies (BDCs) reported losses in Q1 2026, contradicting major bank CEOs' assurances that private credit poses no systemic risk. Hidden leverage and payment-in-kind income obscure the true extent of bank exposure to this market.
The Bank of England will no longer accept thermal coal-linked bonds as collateral for loans to commercial banks starting October, citing financial risks from the shift to net zero. Climate campaigners hail the move as a victory, hoping it pressures banks to divest from polluting assets.
The European Central Bank (ECB) warns that stablecoins threaten European bank deposits by operating outside the traditional banking system, potentially reducing lending capacity. Executive board member Piero Cipollone presented the digital euro as a structural solution to safeguard deposits and transaction data for commercial banks.
Chinese organized crime rings exploit tap-to-pay technology for $1 billion annually, using stolen credit cards to buy gift cards and high-value goods, evading detection through complex networks and low-risk transactions.
ECB Executive Board member Piero Cipollone warns that widespread stablecoin adoption could reduce commercial banks' retail deposit base, while promoting the digital euro as a solution to preserve banks' role in the payments system.
European authorities added 14 crypto companies, including Ripple Payments Europe, Bison Bank, and Hrvatska poštanska banka, to the MiCA framework register. This update brings the total licensed crypto-asset service providers to 294, signaling continued integration of traditional finance into Europe's regulated crypto market.
Visa has launched its Stablecoin Platform (VSP) for banks, fintechs, and payment providers, enabling them to issue, hold, and transfer stablecoins through its network. The platform supports Open USD, Circle's USDC, and Paxos' USDG, and is entering a beta phase with select customers before a wider rollout.
Goldman Sachs and JPMorgan Chase achieved record quarterly revenues, propelled by substantial gains in equities trading and investment banking. This financial surge is directly linked to the global artificial intelligence boom, which is generating new financing and trading opportunities across the American economy.
Indian public sector banks are accelerating ATM modernization by replacing traditional cash dispensers with cash recyclers. Over 15,000 units are expected for RFP, with PSBs accounting for 77%. This move aims to address cash shortages and reduce operational costs.
Tim Merlier secured victory in the seventh stage of the Tour de France in Bordeaux. The peloton is shell-shocked by Tadej Pogacar's dominance in the mountain stage, with many believing his victory is already assured.
Tim Merlier won the seventh stage of the Tour de France in Bordeaux. The peloton is shell-shocked after Tadej Pogacar's dominant mountain stage performance, which has given him a seemingly unassailable lead over Jonas Vingegaard. The focus has shifted to the battle for second and third place.
The Bank of England and FCA will regulate major tech firms like Amazon and Google from Monday, overseeing critical third parties to ensure financial stability and consumer protection against cyber-attacks and outages.
Major Wall Street banks like Goldman Sachs, Morgan Stanley, and Bank of America are implementing new restrictions on employee trading on prediction market platforms due to concerns about the use of nonpublic information. This follows increased scrutiny from US lawmakers and regulators.
A weaker-than-normal southwest monsoon could significantly impact India's rural economy, reducing farm incomes, increasing food inflation, and slowing consumption demand, according to S&P Global Ratings. Agriculture, agrochemicals, tractors, and microfinance sectors are expected to face the brunt of the impact.
Hong Kong's RMB Business Facility, a yuan financing tool for banks run by the HKMA, has been significantly expanded with a 150% quota increase to 500 billion yuan. Launched Friday, it aims to boost yuan usage in global business by offering cheaper financing for trade, capital expenditure, and working capital loans.
SWIFT's new blockchain-based ledger pilot allows 17 global banks to transfer tokenized deposits on weekends, improving client experience and liquidity efficiency. Major institutions like Citi, HSBC, and Wells Fargo are participating, though ultimate settlement still relies on legacy systems.
The European Parliament has voted on its negotiating position for the digital euro, paving the way for talks with member states. The digital euro, backed by the ECB, aims to complement cash and banking services, offering privacy and supporting online/offline payments. Key negotiation points include compensation models for financial institutions and fee sharing, with retail availability expected from 2029.
SWIFT's blockchain-based ledger is ready for initial use, with 17 major banks piloting cross-border payments using tokenized bank deposits. The new ledger aims to enable 24/7 payments while maintaining compliance and risk standards.
Russia's largest private bank, Alfa-Bank, is reportedly preparing to launch cryptocurrency services, including trading and custody, once the country's digital asset legislation is enacted. The bank has begun testing a crypto trading service with qualified investors, with broader access for retail clients potentially following a 2026 regulatory framework adoption.
South Korean banks saw household loans increase by 7.6 trillion won in June, reaching 1,189.4 trillion won. This surge was driven by demand for mortgages due to rising housing transactions and interim payments, as well as increased stock market investment by individual investors.
The FCA is seeking to dismiss Consumer Voice's legal challenges over motor finance payouts, alleging the group and its solicitors, Courmacs Legal, have not been transparent about their funding and potential conflicts of interest.
Ermittler durchsuchten Objekte in Mühlhausen und Erfurt wegen des Verdachts auf ein Schneeballsystem. Zwei Männer sollen Anleger mit unrealistischen Renditen für ein Powerbank-Geschäftsmodell angeworben haben. Über 100.000 potenzielle Geschädigte in Deutschland.
JPMorgan CEO Jamie Dimon strongly opposes the CLARITY Act, warning that yield-paying stablecoins could create a 'shadow banking' crisis similar to 2008. He vows to fight the bill, which aims to regulate digital assets but faces debate over interest payments on stablecoins.
JPMorgan Chase CEO Jamie Dimon is strongly opposing the CLARITY Act, warning that stablecoins offering yield could lead to a 'shadow banking' crisis similar to 2008. Banks argue they lack regulatory safeguards, while crypto firms see them as consumer choice.
