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Latest news about Banking on Verilumia, with multi-source coverage, source-framing context and reporting-tone insights.
The Office of the Comptroller of the Currency imposed a $350 million civil penalty on American Express National Bank and ordered it to strengthen anti-money-laundering controls, while the Federal Reserve separately or...
Standard Chartered plans to offer digital-asset custody in Singapore to institutional clients and corporate clients that qualify as accredited investors, extending its services for selected cryptocurrencies, stablecoi...
Wells Fargo is in ongoing discussions with Payward, the parent company of cryptocurrency exchange Kraken, about a possible arrangement to provide liquidity for digital-asset trading, according to reporting based on pe...
The U.S. Department of Housing and Urban Development is examining whether Wells Fargo’s efforts to expand Black and minority homeownership violated federal fair-lending laws, according to a report describing a letter...
Federal Reserve Vice Chair for Supervision Michelle Bowman announced a plan to reorganize the central bank’s bank-supervision operation into five geographic regions, each led by an official accountable for supervisory...
Reserve Bank of India Governor Sanjay Malhotra said he does not expect a newly permitted merchant discount rate on some higher-value Unified Payments Interface transactions to materially reduce payment volumes.
The Court of Appeal in London quashed the fraud convictions of five former Barclays traders on Wednesday, October 7, overturning cases tied to the manipulation of Libor and Euribor benchmark interest rates.
HSBC is consulting employees on proposed cuts to its UK wealth business that could eliminate about half of management and specialist positions and reduce financial adviser roles by as much as 70%, according to reports...
JPMorgan Chase retained the top position in Evident’s 2026 AI Index for banks, extending its run to five consecutive years as the report found that AI capabilities advanced faster across the 50 institutions assessed.
First National Bank has launched a cryptocurrency trading service on its existing investment platform, partnering with South African provider VALR to give customers access to five digital assets.
Rain has applied to the Office of the Comptroller of the Currency for a national trust bank charter that would let it provide custody, stablecoin reserve management and dollar-backed stablecoin services to institution...
Payward has connected its institutional digital-asset services to Singapore Gulf Bank’s SGB Net, offering selected clients in supported Asian and Gulf jurisdictions round-the-clock settlement in U.S.
Revolut has become Europe’s most valuable startup, with a private valuation of $115 billion, as it expands its customer base and pursues a broader international banking presence.
A Lloyds Banking Group survey found that 71% of senior decisionmakers at major UK financial institutions expect tokenization to reshape financial services, with faster payments and settlement the most frequently cited...
The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, asking a federal court to invalidate a rule and guidance it says unlawfully facilitate national trust bank charters...
Fiserv said October 1 that its digital-asset platform is live, with Roughrider Coin, a U.S. dollar-backed token for interbank payments in North Dakota, as its first use case.
New York and Wyoming announced an agreement on October 1 to coordinate oversight of digital-asset firms and offer some businesses a faster licensing review, while each state keeps its own authority to approve or rejec...
The Federal Reserve’s inspector general found serious management and oversight deficiencies in the central bank’s headquarters renovation but said the review found no grounds for a criminal referral or evidence of adm...
The UK economy grew 0.5% in the second quarter of 2026, the Office for National Statistics said Wednesday, revising its earlier estimate of 0.4% upward.
The Federal Reserve’s inspector general found no reasonable grounds for a criminal referral and no administrative misconduct in the renovation of two central-bank buildings in Washington, while documenting significant...
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