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
Rising tensions in the Middle East have prompted investors across the banking,
The UK government has launched the Smart Data Group following passage of
The Swiss National Bank’s 2025 Financial Stability Report, released on 19 June
The Bank of England maintained its key interest rate at 4.25% on
Russia’s dominant lender, Sberbank, is unveiling an upgraded version of its GigaChat large language model
The Inter‑American Development Bank (IADB) has unveiled a pioneering strategy to mobilise sustainable finance in
Metro Bank’s shares have surged on speculation of a private‐equity takeover by Pollen Street Capital,
In an exclusive interview, ECB Vice‑President Luis de Guindos conveyed a calm assurance about the euro’s recent
The recent collaboration between U.S. Bank’s Elan Financial Services and Fiserv marks a strategic evolution in
The Financial Conduct Authority’s launch of a “supercharged sandbox” in partnership with Nvidia is setting
Barclays is setting a new standard in banking innovation by equipping 100,000 of its staff
Kiwi, a financial technology company focused on improving credit access for underserved Latino communities, has
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. This strategic move positions HSBC as a pioneer
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
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 the ECB’s 2% inflation target now within reach. Speaking on May 30, 2025, Panetta acknowledged that while inflation remains slightly
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, 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
As we approach the midpoint of 2025, the fraud figures for 2024 provide critical insights into the state of financial security in the UK and offer a stark warning for the year ahead. The total fraud losses for 2024 amounted to a staggering £1.17
JPMorgan Chase is taking a bold step in wealth management by introducing a new tier of service aimed at America’s millionaires. As part of its broader strategy to expand its share of
Mastercard has inaugurated its first Cyber Resilience Centre in the Middle East, located in Riyadh, Saudi Arabia. This strategic move aims to bolster the Kingdom’s cybersecurity infrastructure and aligns with the objectives
European banks are bracing for significant financial impacts as the EU’s SEPA Instant Payments regulation mandates 24/7 euro credit transfers by October 2025. Nearly half of surveyed banks anticipate losing millions in
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.
HSBC has launched a tokenised deposit service in Hong Kong, marking a groundbreaking step in integrating blockchain technology into traditional banking. This new service allows corporate clients to convert their Hong Kong
The UK Department for Work & Pensions (DWP) has initiated a strategic procurement process to identify a supplier of open banking technology for its Universal Credit (UC) system. This move aims to
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
Santander UK is implementing significant cost-cutting measures within its commercial banking division, including a salary freeze, reduced bonuses, and job cuts potentially affecting up to 200 staff members. These changes are part
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
The Bank for International Settlements (BIS) and the Federal Reserve Bank of New York have conducted a joint study, Project Pine, to examine how central banks might implement monetary policy in a future dominated by tokenised wholesale financial markets. This
The U.S. banking sector is advocating for changes to the Supplementary Leverage Ratio (SLR), a regulation that requires banks to hold capital against all
Global banking regulators, under the guidance of the Bank for International Settlements, have agreed to prioritize the integration of climate-related financial risks into their
Barclays’ stock has surged to a ten-year high after the bank posted strong first-quarter results, prompting RBC analysts to upgrade the stock. The shares