World Bank Demands Radical Debt Transparency

The World Bank has issued a strong call for radical transparency in national debt reporting, aimed at preventing future financial crises in developing countries. A report published on 20 June 2025 highlights growing use of complex borrowing tools such as off‑budget swaps, private placements

HSBC UK Private Banking Adopts Addepar for Wealth Management

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. This strategic move positions HSBC as a pioneer

ECB Signals Inflation in Eurozone Almost Under Control

European Central Bank (ECB) Governing Council member Fabio Panetta has suggested that inflation in the eurozone is nearly under control, with a return to the ECB’s 2% inflation target now within reach. Speaking on May 30, 2025, Panetta acknowledged that while inflation remains slightly

Interest Rate Cuts by BOK Aim to Stimulate Economy

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 points, bringing it down to 2.5%. This marks the fourth rate cut since October 2024, reflecting ongoing economic challenges exacerbated

Griffin Takes Bold Step with Agentic Bank

Griffin, a UK-based Banking-as-a-Service (BaaS) provider, has embarked on an ambitious project to build an “agentic bank,” marking a major shift in the future of banking. The company has introduced its Model Context Protocol (MCP) server, which allows AI agents to autonomously manage financial

US to Eliminate the Penny

The United States is taking a monumental step in its currency system by discontinuing the production of the penny, a decision that marks the end of over 230 years of its circulation.

Sweden’s Central Bank Backs Cash Payments

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

ECB Delays Non-Bank PSP Access to TARGET Systems

The European Central Bank (ECB) has postponed the deadline for non-bank payment service providers (PSPs) to access its central bank-operated payment systems, including TARGET, the system for large-value payments. Originally scheduled for

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