HSBC has introduced a new financial product, TradePay for Import Duties, to assist U.S. businesses in managing the financial impact of tariffs imposed by the Trump administration. The tariffs, introduced in April,
Minutes from the Bank of Korea’s (BOK) April 17 meeting suggest that an interest rate cut is likely in May. Despite keeping the benchmark interest rate at 2.75% in April, the seven-member
In April 2025, the momentum of interest rate cuts by major central banks significantly decelerated, reflecting a cautious approach amid global economic uncertainties and escalating trade tensions. Of the five central banks
PayPal has expanded its payment offerings in Germany with the launch of a contactless mobile wallet, allowing users to make in-store payments by simply tapping their phones at any location that accepts
The European Central Bank (ECB) has made a significant move in its pursuit of a digital euro by launching an innovation platform that incorporates nearly 70 private sector firms. This platform aims
Erste Group Bank has made a significant move in the European banking sector with its acquisition of a 49% stake in Santander Bank Polska for approximately €6.8 billion ($7.7 billion). The all-cash
Volt has expanded its real-time payments capabilities to the Australian market, introducing one-click PayTo checkout for Shopify merchants. The move builds on its existing partnership with Shopify and marks a significant step
J.P. Morgan’s blockchain-based platform, Kinexys, is experiencing a surge in adoption across the Middle East and North Africa (MENA) region, with a growing number of top-tier financial institutions integrating its capabilities to
Barclays reported a 19% year-on-year increase in first-quarter pre-tax profit, reaching £2.7 billion, surpassing analyst expectations of £2.5 billion. The strong performance was driven by a 16% rise in investment banking income
As traditional banking roles face increasing automation and cost-cutting pressures, artificial intelligence (AI) positions have emerged as a bright spot in the financial sector. According to research by Evident, the number of
