Visa's Stablecoin Platform launch highlights stablecoins' mainstream shift, but foreign exchange, local-currency liquidity, and 24/7 on-chain settlement remain vital for cross-border payments.
A Senate Finance Committee report reveals that Deutsche Bank, JPMorgan Chase, and Bank of America enabled Jeffrey Epstein to make over $1 billion in suspicious transfers, failing to report them until years after his crimes.
İngiltere'nin Sandbanks bölgesinde yaşayan 69 yaşındaki Neil Kennedy, komşularının şikayeti ve mahkeme kararı nedeniyle 4 milyon sterlinlik evini yıkma tehlikesiyle karşı karşıya kaldı.
A Senate Democrats report reveals major U.S. banks harbored concerns about Jeffrey Epstein's suspicious financial transactions for years but failed to report them to the Treasury Department until after his 2019 arrest.
Campaigners are demanding a windfall tax on UK banks, estimated to raise £19bn, following HSBC's $10.1bn second-quarter profits. The funds could support cost of living initiatives, while banks face scrutiny over profit distribution and lending.
Indian banks are aggressively raising dollar funds offshore through bonds and loans, driven by RBI initiatives to attract non-resident Indian deposits. Global banks are facilitating this surge, with projections indicating nearly $43 billion could be raised by 2026.
Mastercard finalized a $1.8 billion acquisition of stablecoin infrastructure provider BVNK, merging its global network with BVNK’s onchain platform to enable cross‑border digital‑currency payments. The deal follows a prior abandoned $2 billion transaction with Coinbase.
Banks across India will observe various holidays in August due to regional festivals and national observances like Independence Day, with closures varying by state. While branch services will be unavailable on these dates, digital banking services will continue to operate normally.
Rising inflation, high credit demand, and competition from small savings schemes are pressuring Indian banks to increase fixed deposit rates. While the RBI may hold repo rates steady for now, a hike is possible, prompting banks to revise FD rates soon to attract deposits and manage liquidity.
Indian banks propose payment app prompts for suspicious P2P transactions to curb rising digital fraud, balancing prevention with digital payment convenience. The RBI is considering these suggestions, which offer an alternative to uniform delayed credit, to protect users and maintain payment growth.
ICICI Bank and HDFC Bank have increased their FCNR(B) deposit rates to attract dollars, driven by hardening overseas rates, market competition, and strong client demand. This move comes as global benchmark rates have risen since the scheme's operationalization in June, with the special foreign currency attraction window closing on September 30.
A Delhi Police assessment of over 5,000 ATMs revealed widespread security deficiencies, including lack of guards, shutter locks, and CCTV cameras. These gaps increase vulnerability to organized theft gangs, prompting police to direct banks and service providers to tighten security measures.
Household loans at South Korea's five major banks significantly increased by 3.8 trillion won in July, reaching 778.8 trillion won. This rise, driven by mortgage and credit loans, occurred despite tight regulations, fueled by strong demand amid surging housing prices in Seoul and investors seeking bargains after a stock market drop.
The Bank for International Settlements (BIS) announced Project Agorá successfully completed real-value testing of tokenized wholesale cross-border payments. The trials involved 28 financial institutions and central banks, settling 800,000 Swiss francs across 17 scenarios with an average settlement time of 80 seconds.
North Korea has reportedly arrested former state cyber operators for hacking its central bank and Foreign Trade Bank, laundering stolen funds via cryptocurrency through China.
J.P. Morgan Asset Management reports AI-themed ETFs are a top 5 theme by assets under management, despite Q2 volatility, with ETFs attracting more inflows than mutual funds due to tax benefits.
Bitcoin traded around $64,000 after the ECB kept interest rates unchanged, tightening financial conditions through quantitative tightening and reduced bond demand, affecting crypto markets through global capital allocation and liquidity.
India's Akasa Air seeks $110M for expansion, while Malaysia's AirBorneo launches international service, both growing despite high jet fuel prices and Middle East conflict, signaling smaller Asian carriers' growth amidst larger airlines' capacity issues.
The revised CLARITY Act faces unusual divisions among Wall Street, Washington, and the crypto industry. While Goldman Sachs supports advancing the bill, banking groups oppose stablecoin reward provisions. Cardano's founder aligns with Senator Warren on presidential involvement, complicating its path to Senate passage.
Indian banks and insurers will launch the Central Know-Your-Customer 2.0 (CKYC) system in August, allowing customers to access financial products without repeated ID submissions. Asset managers will join later, aiming to deepen financial participation and combat fraud by simplifying data access with customer consent.
The European Union, in its 21st anti-Russian sanctions package, has blacklisted the Indian branches of VTB and Sberbank, along with Indian companies Falcon Toolings and Zepto Microwave and Chip Devices Assembly. Restrictions on the banks are set to take effect on August 13, 2026.
The EU unveiled its largest sanctions package in four years against Russia, leading FIDE President Arkady Dvorkovich to suspend his activity. The measures target 218 individuals and entities, including banks, vessels, and military-industrial complex, while Ukraine faces ongoing attacks.
Two major international banks in Hong Kong reportedly lost access to Anthropic's Claude AI tool for their local teams, a move seen as weakening the city's global financial hub status and highlighting AI's strategic geopolitical treatment rather than neutral infrastructure.
Goldman Sachs CEO David Solomon supports the US Senate's Digital Asset Market Clarity (CLARITY) Act, acknowledging it's "not perfect" but necessary for market stability. His stance contrasts with other financial leaders like Jamie Dimon and many Democrats, who raise concerns about investor protection and ethics provisions related to presidential crypto investments.
