Australia Advances Wholesale CBDC Through Pilot Trials

From the outset, Australia’s central bank has signalled a meaningful shift in financial market infrastructure with the launch of Project Acacia, a trial involving real-money settlement experiments across diverse asset classes. Beginning

Fresh Take On UniCredit’s Dual Moves

UniCredit’s pursuit of a €17 billion Banco BPM bid and its strategic expansion in Commerzbank are entering a pivotal phase this week, with implications rippling across Italy and Germany. As the Italian court weighs

Markets Rattle as RBA Pauses on Rate Cut

In a move that caught markets off guard, the Reserve Bank of Australia held its benchmark interest rate steady at 3.85%, defying expectations of a cut and triggering immediate reaction across currency

Singapore Fines Banks Over $2bn Scandal

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

Tech Tycoons Plan Erebor Crypto Bank

A group of high-profile tech billionaires is preparing to launch a new bank called Erebor, aiming to fill the void left by the collapse of Silicon Valley Bank in 2023. The venture

Stripe Expands Pay-by-Bank to EU Giants

Stripe has deepened its partnership with open banking provider TrueLayer, expanding their pay-by-bank solution into France and Germany as demand for seamless, card-free payments grows across Europe. The move builds on the

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