Sweden’s central bank, Sveriges Riksbank, has issued a strong recommendation for the continued use of cash, advocating for legislative action to ensure its availability alongside digital payment methods. With the country moving towards a largely cashless society, where cash accounts for only around 10%
Santander UK is implementing significant cost-cutting measures within its commercial banking division,
The European Central Bank (ECB) has postponed the deadline for non-bank payment
The Bank for International Settlements (BIS) and the Federal Reserve Bank of
The U.S. banking sector is advocating for changes to the Supplementary Leverage
Global banking regulators, under the guidance of the Bank for International Settlements, have agreed to
Barclays’ stock has surged to a ten-year high after the bank posted strong first-quarter results,
In a significant development for the U.S. financial sector, the Office of the Comptroller of
Japan’s major banks are experiencing a resurgence, buoyed by the Bank of Japan’s (BOJ) ongoing
Citi has announced a strategic partnership with SDX, a Swiss post-trade group, to tokenize private
Fluency, a UK-based deep tech company, has been selected by the European Central Bank (ECB)
HSBC has introduced a new financial product, TradePay for Import Duties, to assist U.S. businesses
Minutes from the Bank of Korea’s (BOK) April 17 meeting suggest that an interest rate
In April 2025, the momentum of interest rate cuts by major central banks significantly decelerated, reflecting a cautious approach amid global economic uncertainties and escalating trade tensions. Of the five central banks
PayPal has expanded its payment offerings in Germany with the launch of a contactless mobile wallet, allowing users to make in-store payments by simply tapping their phones at any location that accepts Mastercard contactless payments. Available through the latest version
The European Central Bank (ECB) has made a significant move in its pursuit of a digital euro by launching an innovation platform that incorporates
Erste Group Bank has made a significant move in the European banking sector with its acquisition of a 49% stake in Santander Bank Polska
Volt has expanded its real-time payments capabilities to the Australian market, introducing one-click PayTo checkout for Shopify merchants. The move builds on its existing partnership with Shopify and marks a significant step in modernizing the payment experience for both merchants and consumers in a
J.P. Morgan’s blockchain-based platform, Kinexys, is experiencing a surge in adoption across the Middle East and North Africa (MENA) region, with a growing number of top-tier financial institutions integrating its capabilities to modernize cross-border payments, streamline liquidity management, and support round-the-clock treasury operations. Formerly
Barclays reported a 19% year-on-year increase in first-quarter pre-tax profit, reaching £2.7 billion, surpassing analyst expectations of £2.5 billion. The strong performance was driven by a 16% rise in investment banking income to £3.9 billion, with fixed income trading revenues up 21%, outpacing the
As traditional banking roles face increasing automation and cost-cutting pressures, artificial intelligence (AI) positions have emerged as a bright spot in the financial sector. According to research by Evident, the number of AI specialists employed by major banks has grown by 13% over the
European Central Bank (ECB) supervisor Sharon Donnery has emphasized the importance of maintaining robust banking regulations, warning against any dilution of the safeguards established after the global financial crisis. Speaking on April
Deutsche Bank reported a 39% increase in first-quarter net profit, reaching €1.78 billion ($2.03 billion), surpassing analyst expectations of €1.64 billion. The strong performance was primarily attributed to a 17% rise in
The Bank of Japan is expected to leave its benchmark interest rate unchanged at 0.5% during its upcoming policy meeting, as policymakers turn cautious in the face of rising risks from U.S.
Mediobanca has announced a €6.3 billion ($7.15 billion) offer to acquire Banca Generali, aiming to double its wealth management revenue and solidify its position in Italy’s financial sector. The proposed deal involves
Environmental activists staged a protest at the Swiss National Bank’s (SNB) annual general meeting in Bern, urging the central bank to divest from companies contributing to environmental degradation, particularly in regions like
Standard Chartered has become the first bank to join the Temenos Exchange partner programme, embedding its foreign exchange (FX) API service into the Temenos ecosystem. This integration enables financial institutions (FIs) on
Brazil’s central bank has announced it will roll over $18.4 billion in traditional currency swaps set to mature on June 2, 2025. The rollover will begin with daily auctions starting April 28,
Bank of America shareholders have voted in favor of the bank’s executive compensation plans, including a $35 million package for CEO Brian Moynihan. The approval, which came despite opposition from proxy advisory
Eurex, the derivatives arm of Deutsche Boerse, has announced plans to launch futures contracts on the European Union’s jointly issued bonds. This initiative aims to provide investors with new tools for hedging
Nomura Holdings has announced its largest acquisition to date, agreeing to purchase Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion. This strategic move is set to bolster Nomura’s assets under management (AUM) by approximately $180 billion,
Bolt has introduced a new SuperApp designed to unify cryptocurrency transactions, peer-to-peer payments, and shopping rewards within a single platform. This marks the company’s
Luma Financial Technologies, a platform specializing in structured products and annuities, has raised $63 million in a Series C funding round. The round was
The Bank of Canada (BoC) has decided to maintain its benchmark interest rate at 2.75%, halting a series of seven consecutive cuts. This decision