Verilumia The Daily Verified Briefing
Latest verified news about Banking on Verilumia. Fact-checked and bias-analyzed Banking stories from multiple sources.
The total market capitalization of stablecoins has reached a record $322 billion, a milestone that now exceeds the foreign exchange reserves of 95 countries, including the United Kingdom, Canada, and Mexico.
The Federal Government of Nigeria and the World Bank have jointly agreed to cancel $717.7 million in undisbursed financing for a major electricity reform program, effectively terminating the remaining portion of a $1.
The European Central Bank has stated that recent turbulence in private credit markets does not currently pose a systemic risk to the euro zone's financial stability, though it warned of significant vulnerabilities in spe...
The Federal Deposit Insurance Corporation approved a notice of proposed rulemaking on May 22 that would require stablecoin issuers under its supervision to comply with Bank Secrecy Act and federal sanctions standards, ma...
European Central Bank officials have strongly opposed proposals to ease regulations for euro-denominated stablecoins, warning that wider adoption could destabilize traditional banks and weaken monetary policy.
Nationwide Building Society is set to become the UK's largest branch banking network next month, marking a significant shift as it expands its physical presence while major competitors continue to close locations.
Nationwide Building Society will pay a £100 bonus to approximately 4.4 million eligible members in June, marking the fourth consecutive year of its Fairer Share scheme.
National Savings and Investments will begin contacting tens of thousands of bereaved families next week as it starts repaying approximately £367 million that was not returned to estates due to an operational failure.
JPMorgan Chase will likely hire more artificial intelligence specialists while reducing its number of traditional bankers, CEO Jamie Dimon said, outlining a workforce shift driven by the accelerating adoption of automati...
The Reserve Bank of India has proposed new rules to curb aggressive loan recovery practices, explicitly banning lenders from disabling or restricting a borrower's mobile phone to collect unpaid personal, car, or home loa...
The Bank of England has announced a major push to modernize the United Kingdom’s financial infrastructure, outlining a vision for a future payment system that integrates regulated stablecoins, tokenized bank deposits, an...
The digital banking platform Mercury has raised $200 million in new funding, achieving a valuation of $5.2 billion as it positions itself to serve the burgeoning wave of artificial intelligence startups.
The Central Bank of Nigeria has held its benchmark interest rate steady, opting for a cautious policy stance amid renewed inflationary pressures linked to global instability.
The government has launched an independent review to examine the impact of widespread bank branch closures across the United Kingdom and to determine whether new protections for in-person banking services are needed.
Deutsche Bank's London branch has been fined £165,000 by a UK financial regulator for processing payments that breached sanctions against Russia.
Monzo, a leading UK digital bank, has reported a significant increase in annual profits and revenue, driven by substantial growth in its customer base and deposits.
Standard Chartered, the London-headquartered international bank, has announced a significant workforce reduction as part of a new strategic plan focused on automation and artificial intelligence.
Standard Chartered has announced a new set of financial targets and a restructuring plan aimed at improving profitability and efficiency.
Revolut has launched its first physical cryptocurrency debit card, featuring a Dogecoin-themed design and an integrated LED display that activates during contactless payments.
Tether, the company behind the USDT stablecoin, has made a strategic investment in the fintech platform LemFi to integrate its digital currency into cross-border remittance corridors serving Africa and Asia.
