JPMorgan Chase, Goldman Sachs, UBS, and Morgan Stanley Settle Anti-Competitive Lawsuit for $499 Million Four major banks, JPMorgan, Goldman Sachs, UBS, and Morgan Stanley, have agreed…
New Report Reveals Massive Deposit Flight from Banks, Particularly Among Wealthy Clients Recent data from the Federal Reserve of St Louis indicates that US banks have…
US Banking Customers Have Mixed Sentiments About Their Services A recent study conducted by global digital transformation company GFT reveals contrasting sentiments among US banking customers.…
Hong Kong Actively Testing China’s Digital Yuan Hong Kong is currently engaged in active testing of China’s digital yuan, the country’s central bank digital currency (CBDC).…
The Potential Extinction of Traditional Banks due to CBDCs Anatoly Aksakov, head of Russia’s parliamentary financial committee, has made a significant statement that should be carefully…
Swift conducts successful blockchain interoperability tests with major financial institutions Swift has announced that it has successfully conducted blockchain interoperability tests with over ten financial institutions,…
Key Points: Top banks in Singapore involved in a money-laundering scandal worth over $740 million. 10 individuals charged for illicit financial activities, including holding funds from…
Okx and Bybit, two popular crypto spot exchanges, have stopped processing transactions involving certain Russian banking institutions that are under Western sanctions. On Okx’s P2P platform,…
Chinese Firms and Banks Develop Digital Yuan Supply Chain Financing Solution Chinese firms and commercial banks, including JD Technology and the Industrial and Commercial Bank of…
