In a groundbreaking development for the banking sector, Swiss banks UBS, PostFinance, and Sygnum have successfully completed the first legally binding interbank payment using a public blockchain. This achievement, confirmed by the
On September 16, 2025, European financial markets showed caution, with the pan-European STOXX 600 index slipping 0.13%. This decline was largely driven by a 1% drop in bank and insurance stocks –
Revolut has introduced a new ‘Pay by Bank’ feature, allowing merchants to accept payments directly from consumers’ bank accounts. This innovation aims to disrupt the traditional card-based payment system by offering a
HSBC and Deutsche Bank have revised their forecasts for the Bank of England’s (BoE) rate cuts, postponing expectations due to ongoing inflationary pressures and economic uncertainty. HSBC now projects that the BoE
The European Central Bank and the People’s Bank of China have renewed their bilateral currency swap arrangement, extending the €45 billion facility until October 2028. Designed to give euro area banks access
In a significant move towards modernising its financial infrastructure, Japan Post Bank has announced plans to launch a digital yen (DCJPY) by the end of fiscal year 2026. This initiative comes at
Poland’s central bank is widely expected to trim its benchmark interest rate by a quarter of a percentage point this week, easing it to 4.75 per cent. The anticipated move continues a
Christine Lagarde has raised a stark warning that the credibility of global markets could be shaken if the independence of the US Federal Reserve comes under political attack. Speaking just as speculation
European banks are currently navigating a rare and lucrative phase, buoyed by favourable interest rates and strong earnings, creating what analysts are calling the “sweet spot” of banking. As of late August
The Bank of Japan is once again at the centre of attention as policymakers balance inflationary pressures with global trade uncertainty. Board member Junko Nakagawa recently cautioned that despite a trade agreement
