US Banks Challenge Crypto Licensing Framework

Leading US banks are considering legal action against federal regulators over new licensing rules that could allow cryptocurrency and fintech companies to operate within the national banking system under lighter regulatory oversight.

Canadian Regulator Scrutinises Condo Mortgage Appraisals

Canada’s banking regulator has raised concerns with major lenders over mortgage appraisal practices linked to condominium purchases, highlighting potential risks to financial stability as the country’s housing market faces a prolonged price

Foreign Banks Confront India’s Entry Terms

Foreign banks are discovering that India’s appeal as a banking market is matched by a regulatory framework that limits how easily overseas capital can take root. The country’s nearly $4tn economy remains

Revolut Seeks US Bank Licence For Expansion

London-based fintech company Revolut has applied for a United States banking licence as part of its strategy to expand operations in the world’s largest financial market. The digital banking group submitted an

Banks Push Digital Wallets Beyond Payment Cards

Royal Bank of Canada is expanding its payments strategy by developing systems that allow consumers to pay directly from their bank accounts, reflecting a broader shift toward digital wallet functionality within traditional

Central Banks Reassess Policy Amid Oil Shock

Escalating conflict in the Middle East is presenting a renewed challenge for central banks as rising oil prices increase inflation risks while economic growth remains fragile. Crude prices surged after the United

Citigroup Security Unit Faces Governance Questions

Citigroup’s internal security division, established to investigate misconduct and safeguard institutional integrity, is facing scrutiny from employees who say the unit’s operations have at times prioritised protecting the bank from legal and

France Downplays Financial Exposure Risks

France’s financial sector has limited exposure to the escalating Middle East crisis, according to Banque de France governor François Villeroy de Galhau, who also cautioned against reactive monetary policy shifts driven by

Russian Central Bank Challenges EU Freeze

The Bank of Russia has initiated legal proceedings against the European Union over the indefinite freeze of assets imposed in response to Moscow’s invasion of Ukraine, marking the first such challenge by