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South Korean Financial Firms Seek Overseas M&A to Fuel Growth
South Korean banks and insurers are actively pursuing overseas deals to boost growth, marking a broader outward shift for an industry that has historically focused on domestic operations, unlike globa
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Hong Kong Monetary Authority warns public of bank-related fraudulent websites, phishing emails, and scams
The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites, internet banking login screens, phishing emails, or other scams related to banks. The HKMA reminds that banks wil
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Banks made billions of pounds by using the Bank of England's repo facility to trade bonds.
London banks are making billions of pounds in profit from bond trading, utilizing cheap financing provided by the Bank of England (BOE).
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147 A-share listed companies distributed dividends totaling 34.8 billion yuan before the National Day holiday, with bank stocks being the main contributors.
Ahead of the National Day holiday, 147 A-share listed companies will implement cash dividends, totaling approximately 34.8 billion yuan. Financial institutions such as Ping An Bank, Bank of Hangzhou,
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AI Agents are upending a big slice of the stock market, hitting banks, brokers, and travel booking companies by threatening 'consumer inertia.'
AI Agents are upending a big slice of the stock market, hitting banks, brokers, and travel booking companies by threatening 'consumer inertia.'
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Coinbase CEO Brian Armstrong: USDC rewards are legally distinct from bank interest, derived from short-term U.S. Treasuries, and criticizes major banks for restricting competition.
Armstrong, in a September 19 interview with MoneyRehabPodcast, clarified that Coinbase does not issue stablecoins or engage in fractional-reserve lending, with stablecoin issuers maintaining full rese
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S&P Global Ratings: Banks' adoption of AI in the coming years will directly impact their credit ratings.
S&P Global Ratings stated in a report released on Monday that artificial intelligence is evolving from a strategic option into a key variable for credit ratings. The report noted that the divergence i
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The Office of the Comptroller of the Currency (OCC) has granted Catena Company preliminary conditional approval to establish a national trust bank.
The proposed bank will be able to custody and manage fiat, securities, and digital assets, but Catena must meet capital, liquidity, and pre-opening requirements before operations.
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Revolut founder Nik Storonsky plans to transform the company into a "zero-risk" global bank.
Revolut founder Nik Storonsky plans to transform the company into a "zero-risk" global bank.
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The proportion of banks on the EU MiCA list of crypto service providers has doubled to nearly 23%.
The proportion of banks on the EU MiCA list of crypto service providers has doubled to nearly 23%.
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South Korea's Shinhan Bank retains W15tr Incheon city treasury, fending off Hana Bank for another four years (2027-2030)
South Korea's Shinhan Bank retains W15tr Incheon city treasury, fending off Hana Bank for another four years (2027-2030)
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Michael Saylor reposted a tweet stating that market and client demand will eventually drive banks to adopt Bitcoin and digital assets, mentioning Deutsche Bank.
Michael Saylor reposted a tweet stating that market and client demand will eventually drive banks to adopt Bitcoin and digital assets, mentioning Deutsche Bank.
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Italy's antitrust regulator has launched a formal investigation into Intesa Sanpaolo's $35 billion offer to acquire Banca Monte dei Paschi di Siena.
The investigation aims to assess the potential impact of the transaction on the competitive dynamics of the Italian local and national banking and insurance markets. The regulator's preliminary findin
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CZ tweeted: Crypto and banks are not against each other. It's just part of FinTech.
CZ tweeted: Crypto and banks are not against each other. It's just part of FinTech.
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Broyhill Asset Management believes First Citizens BancShares (FCNCA) is undervalued with catalysts on the horizon
In its Q2 2026 investor letter, Broyhill Asset Management stated that First Citizens BancShares, Inc. (NASDAQ:FCNCA) was initiated in June and is a well-run company. The firm highlighted catalysts inc
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Alex Tapscott, CEO of CMCC Global Capital Markets, believes banks could be the biggest winners from the regulatory clarity provided by the Clarity Act.
Alex Tapscott, CEO of CMCC Global Capital Markets, believes banks could be the biggest winners from the regulatory clarity provided by the Clarity Act.
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S&P warns Indonesian state-owned banks face credit and profitability risks due to rapid government-driven loan growth.
S&P Global Ratings stated that Indonesian state-owned banks face increasing credit and profitability risks, following government-driven loan growth that has more than doubled the industry average.
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Eight Banking Groups Call for Tighter Limits on Stablecoin Rewards on Monday, Ahead of Senate Clarity Act Vote
The groups' request keeps the ongoing banks-versus-crypto dispute alive in Congress.
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WSJ Opinion: Current Expected Credit Loss (CECL) accounting standards are flawed, forcing banks to forecast the future economy and consume resources, burdening small banks.
WSJ Opinion: Current Expected Credit Loss (CECL) accounting standards are flawed, forcing banks to forecast the future economy and consume resources, burdening small banks.
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South Korean Budget Office: Stablecoins Could Save Merchants Up To $3.8 Billion Annually
However, the office warned that the widespread adoption of stablecoins could diminish banks' role as credit intermediaries and potentially lead to unstable token pegs during large-scale redemptions.
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Stablecoin wallets challenge traditional bank accounts as main consumer money hub
Industry leaders are debating whether digital dollar wallets will dismantle traditional bank accounts or simply modernize the underlying infrastructure.
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Hong Kong property developers accuse banks of reluctance to issue commercial mortgages, exacerbating the downturn in the retail property market.
Hong Kong property developers and industry professionals report that banks are reluctant to issue commercial mortgage loans, making it difficult for more potential buyers to secure financing, despite
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ECB Researchers Say Bank Risk Transfers Boost Dividends More Than Lending
ECB Researchers Say Bank Risk Transfers Boost Dividends More Than Lending
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Coinbase CEO Brian Armstrong: The Clarity Act provides clear rules for crypto, which most banks see as an opportunity, not a threat
Coinbase CEO Brian Armstrong stated that the Clarity Act delivers clear rules for crypto, which most banks realize is an opportunity rather than a threat. He emphasized that the benefit for everyone i
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Hong Kong banks face growing backlog of repossessed homes, with mortgagee listings hitting a four-quarter high.
The number of residential properties listed for sale by mortgagees in Hong Kong rose 30% in the third quarter to 262 at the end of September, marking a four-quarter high and the largest increase since
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Federal Reserve Board approves The Bank of Nova Scotia's application to acquire Maple Financial Holdings and MapleMark Bank
Federal Reserve Board approves The Bank of Nova Scotia's application to acquire Maple Financial Holdings and MapleMark Bank
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Banco Bilbao Vizcaya Argentaria, S.A.(BBVA) Q3: EPS 1.81 USD (above forecast)
Banco Bilbao Vizcaya Argentaria, S.A.(BBVA) Q3 EPS: 1.81 USD; Forecast 0.62 USD Reporting period: 2026 Q3 (period ended 2026-09-30) Release date: 2026-10-29
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Westpac Sets A$10,000 Monthly Crypto Payment Cap From December
The Australian bank stated that exemptions and higher limits will not be available, while withdrawals from crypto exchanges into Westpac accounts remain unchanged.
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Lloyds Banking Group's Q3 profit beats expectations, driven by growth in fees and net interest income, and maintains full-year guidance.
Lloyds Banking Group's Q3 profit beats expectations, driven by growth in fees and net interest income, and maintains full-year guidance.
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ING Group's Q3 Profit Misses Estimates, Announces Approximately 400 Job Cuts
ING Groep NV reported lower-than-expected third-quarter profit due to rising costs and increased provisions for bad loans. The Dutch bank also announced it would cut approximately 400 jobs as it adjus
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Societe Generale's Q3 Net Profit Beats Expectations Amid Revenue Growth
Societe Generale's Q3 Net Profit Beats Expectations Amid Revenue Growth
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UK Chancellor Healey announces tax hikes for banks and savers in Budget
UK Chancellor John Healey announced tax rises for banks and savers in his Budget, which he described as being 'for working people'. However, the scale of his plans was modest compared with recent fisc
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UK budget cuts household energy bills, raises bank surcharge to 6%, and allocates billions to defense, Ukraine, and AI
UK Finance Minister John Healey delivered his first fiscal budget on Wednesday, announcing measures to ease cost-of-living pressures, including removing standing charges on household gas heating bills
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The Monetary Authority of Singapore (MAS) requires banks to identify, assess, and manage haze-related environmental risks.
The Monetary Authority of Singapore (MAS) stated that it expects banks to identify, assess, manage, and monitor significant environmental risks arising from their activities and exposures, including t
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Australian banks are easing mortgage approval requirements and competing for a shrinking pool of customers by offering perks such as mobile phone credit and travel vouchers, as the country's property market experiences its fastest downturn in a generation.
Australian banks are easing mortgage approval requirements and competing for a shrinking pool of customers by offering perks such as mobile phone credit and travel vouchers, as the country's property
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Morocco has surpassed South Africa to become the fourth most attractive investment destination in Africa
Morocco has surpassed South Africa to become the fourth most attractive investment destination in Africa, according to the African Continental Investment Attractiveness Index published by FirstRand's
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Ripple said it has received final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, the latest step in its push into traditional finance.
Ripple said it has received final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, the latest step in its push into traditional finance.
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China's A-share market opened higher and then trended lower throughout the day
China's A-share market opened higher and then trended lower throughout the day, with over 4,900 stocks in Shanghai, Shenzhen, and Beijing markets closing down. The total turnover reached 1.47 trillion
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HSBC reported a 45.5% year-on-year increase in third-quarter net profit to $7 billion on Tuesday
HSBC reported a 45.5% year-on-year increase in third-quarter net profit to $7 billion on Tuesday, falling short of market expectations as the bank continues to restructure its operations and cut costs
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HSBC Holdings' Q3 pre-tax profit was $9.63 billion, missing market estimates of $9.7 billion; revenue was $18.6 billion, below market estimates of $18.93 billion; and Common Equity Tier 1 (CET1) ratio was 13.9%, lower than market estimates of 14.1%.
HSBC Holdings' Q3 pre-tax profit was $9.63 billion, missing market estimates of $9.7 billion; revenue was $18.6 billion, below market estimates of $18.93 billion; and Common Equity Tier 1 (CET1) ratio
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According to China Securities Journal, autumn campus recruitment in the banking sector has fully commenced recently
According to China Securities Journal, autumn campus recruitment in the banking sector has fully commenced recently, with many banks showing strong demand for AI-driven composite roles, setting up pos
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The Office of the Comptroller of the Currency (OCC) encourages community banks to become stablecoin issuers, but relevant applications are not yet open, and new issuers typically require approval to operate in the United States.
The Office of the Comptroller of the Currency (OCC) encourages community banks to become stablecoin issuers, but relevant applications are not yet open, and new issuers typically require approval to o
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Belgian Deputy Prime Minister David Clarinval stated he is open to selling the country's 5.7% stake in BNP Paribas SA, deeming the holding non-strategic.
Belgian Deputy Prime Minister David Clarinval stated he is open to selling the country's 5.7% stake in BNP Paribas SA, deeming the holding non-strategic.
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UK Budget Expected to Create Contrasting Outcomes for UK Stocks, With Banks Facing Higher Taxes, Homebuilders Benefiting From First-Time Buyer Aid, and Utilities Facing Uncertainty
UK Budget Expected to Create Contrasting Outcomes for UK Stocks, With Banks Facing Higher Taxes, Homebuilders Benefiting From First-Time Buyer Aid, and Utilities Facing Uncertainty
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The World Bank noted that insufficient domestic revenue mobilization remains Somalia's biggest fiscal challenge, limiting the East African nation's government's ability to fund development priorities and public services.
The World Bank noted that insufficient domestic revenue mobilization remains Somalia's biggest fiscal challenge, limiting the East African nation's government's ability to fund development priorities
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SK Hynix plans to distribute a special dividend of approximately 16 trillion Korean Won (about $12.1 billion)
SK Hynix plans to distribute a special dividend of approximately 16 trillion Korean Won (about $12.1 billion), funded by proceeds from the sale of its stake in Japanese memory chip manufacturer Kioxia
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UK banks received over 10,000 complaints in the three months from May to August for restricting customers from buying cryptocurrencies
UK banks received over 10,000 complaints in the three months from May to August for restricting customers from buying cryptocurrencies. Data from advocacy group Stand With Crypto (SWC) shows that a to
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Kraken's parent company Payward on October 14 agreed to acquire Lithuania's Saldo Bank, aiming to integrate deposit accounts
Kraken's parent company Payward on October 14 agreed to acquire Lithuania's Saldo Bank, aiming to integrate deposit accounts, lending, and payment services into its offerings to expand its banking bus
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Bitcoin and Banks: A Financial Transformation from Early Resistance to Deep Integration
Once upon a time, traditional banks kept their distance from cryptocurrencies. However, with increasingly clear regulatory frameworks and surging client demand, global financial giants are now accelerating their embrace of digital assets. From offering institutional-grade custody, trading, and investment products to exploring tokenization and permissioned DeFi, the relationship between banks and Bitcoin and the broader crypto ecosystem is undergoing a profound transformation, signaling a new era of convergence between traditional finance and digital assets.
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How can banks leverage the original design philosophy of Bitcoin?
Bitcoin Its original design philosophy—particularly its underlying blockchain technology—offers banks a new approach to addressing the pain points of traditional financial systems.Although Bitcoin, as a decentralized digital currency, differs from the centralized operational model of banks, its core technical characteristics—such as decentralization, immutability, transparency, and peer-to-peer transactions—are being adopted and applied by banks in various fields.Banks are primarily building consortium or private blockchains to improve efficiency, reduce costs, and enhance security in areas such as cross-border payments, trade finance, digital asset management, identity verification, and anti-fraud measures.
Bank
24H Trending
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The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
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Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
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Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
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New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
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Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
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Unlimit founder backs Phase blockchain with $45M as mainnet launches
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DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
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onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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