Singapore’s financial regulator has issued its second-largest collective fine, totalling S$27.45 million (US$21.5 million), against nine banks and wealth managers, including UBS, Citi, and Julius Baer. The action follows a major money-laundering case that has shaken the city-state’s reputation for financial integrity and raised
A group of high-profile tech billionaires is preparing to launch a new
Stripe has deepened its partnership with open banking provider TrueLayer, expanding their
Singapore police now have the authority to seize control of an individual’s
ING Bank is intensifying its investment in agentic artificial intelligence (AI) to
Spanish banking group BBVA has launched a new digital bank in Germany, expanding its footprint
In the complex terrain of SME finance, where trust and timing are paramount, 4Syte has
Growth and efficiency have long dominated the agenda in financial services, often at the expense
Mexico’s financial authorities are bracing against fresh pressure from the United States following sanctions targeting
India’s central bank has taken a strategic pivot, conducting a ₹1 trillion (approx. $11.6 billion) variable‑rate reverse
Brussels is taking the bold step of advancing stablecoin regulations despite warnings from the European
A hawkish voice within the Bank of Japan (BOJ) has raised the possibility of decisive
The Bank for International Settlements (BIS) – often dubbed the “central bank of central banks”
Virgin Australia’s return to the ASX via its A$685 million IPO marks a pivotal moment for both the airline and Australia’s languishing equity market. Priced at A$2.90 per share, the offering values the
Global central bank reserve managers are taking decisive steps to reduce reliance on the U.S. dollar amid rising geopolitical uncertainty and policy shifts. According to a new OMFIF survey covering around $5 trillion in reserves, nearly 40% of central banks plan to
The World Bank has issued a strong call for radical transparency in national debt reporting, aimed at preventing future financial crises in developing countries.
Rising tensions in the Middle East have prompted investors across the banking, financial services and insurance (BFSI) sector to reassess risk and asset positioning.
The UK government has launched the Smart Data Group following passage of the Data (Use and Access) Bill, signalling a major step in extending open banking principles beyond payments to energy, telecoms, retail and more. The initiative, backed by policymakers and industry leaders, seeks
The Swiss National Bank’s 2025 Financial Stability Report, released on 19 June 2025, paints a picture of rising economic uncertainty fuelled by geopolitics and trade tensions. Global debt levels close to record highs, stretched valuations in real estate, corporate bonds, and U.S. equities all
The Bank of England maintained its key interest rate at 4.25% on 19 June 2025, marking yet another measured pause in its monetary easing cycle. This decision, approved by a 6–3 majority, saw three members advocating for a 25‑basis‑point reduction, a signal the central
Russia’s dominant lender, Sberbank, is unveiling an upgraded version of its GigaChat large language model (LLM) now equipped with advanced reasoning capabilities, marking a significant evolution in its AI ambitions. According to First Deputy CEO Alexander Vedyakhin, the new model, currently in beta, can
The Inter‑American Development Bank (IADB) has unveiled a pioneering strategy to mobilise sustainable finance in developing nations, using public funds to trigger vast private investment. By repackaging low‑risk renewable energy loans with
Metro Bank’s shares have surged on speculation of a private‐equity takeover by Pollen Street Capital, part-owner of Shawbrook Bank. The bid, still in informal stages, peaked Metro’s stock at around 133 pence, an
In an exclusive interview, ECB Vice‑President Luis de Guindos conveyed a calm assurance about the euro’s recent rise and lingering inflation concerns, painting a picture of cautious confidence for the eurozone’s financial future. Despite
The recent collaboration between U.S. Bank’s Elan Financial Services and Fiserv marks a strategic evolution in the card‑management space, reshaping how financial institutions serve both consumers and SMEs. By integrating Elan’s credit card
The Financial Conduct Authority’s launch of a “supercharged sandbox” in partnership with Nvidia is setting the stage for a transformative leap in the UK’s banking and finance sector. The move, announced in
Barclays is setting a new standard in banking innovation by equipping 100,000 of its staff with Microsoft 365 Copilot, embedding generative AI directly into employees’ daily workflows. Building on an initial roll-out to
Kiwi, a financial technology company focused on improving credit access for underserved Latino communities, has successfully raised $7.8 million in Series A funding. This funding will fuel the expansion of Kiwi’s AI-powered
The European Central Bank (ECB) is poised to implement its eighth consecutive interest rate cut, reducing the benchmark deposit rate to 2% on June 5, 2025. This move aims to stimulate economic
HSBC UK Private Banking is set to revolutionise its wealth management services by integrating the Addepar platform, a cutting-edge wealth management solution that promises to enhance the client experience for ultra-high-net-worth individuals.
Visa has introduced its innovative account-to-account (A2A) payment solution in the UK, aimed at revolutionising the way consumers make bill and subscription payments. This new offering leverages the UK’s Faster Payments infrastructure, allowing for near-instantaneous payment settlements, thus benefiting both
The Bank of Canada (BoC) has decided to maintain its key policy rate at 2.75%, a cautious move despite stronger-than-expected economic growth in the
European Central Bank (ECB) Governing Council member Fabio Panetta has suggested that inflation in the eurozone is nearly under control, with a return to
In a decisive move to stimulate South Korea’s struggling economy, the Bank of Korea (BOK) has reduced its benchmark interest rate by 0.25 percentage