A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used.
UBS is trying to attract customers with above-market rates on deposits, according to people familiar with the bank’s activities, as it seeks to boost inflows after taking over stricken peer Credit Suisse.
India’s HDFC Bank said on Wednesday its gross loans grew 4.9% sequentially in the July-September quarter to about 23.55 trillion rupees ($283 billion), on a like-to-like basis, after its merger with parent Housing Development Finance Corp.
Cryptocurrency firm Ripple said on Wednesday its Singapore subsidiary has secured a payments licence to operate in the city-state without transaction thresholds.
UK-based fintech company Revolut has agreed to simplify its ownership structure with investor SoftBank, removing one obstacle to win a long-delayed banking license in its home market, the Financial Times reported on Tuesday, citing three people familiar with the matter.
Swiss private equity firm Partners Group announced a revamp on Tuesday that a local finance blog said could lead to 300 jobs being cut by the end of 2024.
Standard Chartered sought on Tuesday to persuade a London court to remove from an investor lawsuit allegations that it broke U.S. sanctions against Iran in a “more widespread and systematic” way than the bank admitted to in a settlement with regulators.
PNC Financial Services’ banking unit said on Tuesday that it had bought a portfolio of capital commitments from Signature Bridge Bank worth $16.6 billion in an agreement with the Federal Deposit Insurance Corp as receiver.
The largest investor in Mediobanca on Tuesday filed its own slate of nominees for the Italian bank’s new board after attempts to find an agreement over the list put forward by Mediobanca’s outgoing board failed.
