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
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 assets, including low-risk ones like U.S. Treasury securities.
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 supervisory frameworks. This step highlights the increasing recognition
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 hit 318.50p, marking a 46% increase over the
In a significant development for the U.S. financial sector, the Office of the Comptroller of the Currency (OCC) has granted national banks the ability to engage in cryptocurrency-related activities, including custody, trading,
Japan’s major banks are experiencing a resurgence, buoyed by the Bank of Japan’s (BOJ) ongoing strategy to incrementally raise interest rates. This shift, marking a departure from the prolonged era of ultra-low
Citi has announced a strategic partnership with SDX, a Swiss post-trade group, to tokenize private market assets. This collaboration aims to enhance the efficiency and liquidity of private market transactions by utilizing
