Faster global financial news!
Banking Industry
-
EU banking regulators expect "pragmatic" reforms for EU bank executives in 2027.
EU banking executives can expect the EU to find ways to offer some regulatory relief as early as next year, after seeing their Wall Street rivals benefit from US President Donald Trump's deregulation,
-
French top financial regulator says soaring government bond yields pose no risk to the country's banks.
France's top financial regulator said on Tuesday that the country's banking sector exposure to public debt remains limited and does not pose a stability risk, despite a surge in French government bond
-
HKMA grants license to Kyrgyzstan's Bakai Bank, the first Central Asian bank approved to operate in Hong Kong.
The Hong Kong Monetary Authority (HKMA) has granted a license to Bakai Bank of Kyrgyzstan, making it the first Central Asian bank approved to operate in Hong Kong. The bank will operate in Hong Kong a
-
China closed over 670 banks last year, a record high
China closed over 670 banks last year, a record high, as part of efforts to bolster its financial system. Fitch noted that smaller lenders remain the weakest part of the sector.
-
WSJ Opinion: AI Will Be a Boon for Savers, Potentially Straining Bank Liquidity
A Wall Street Journal opinion piece suggests that in the coming years, AI assistants will automatically move idle savings into top-paying insured accounts, including high-yield savings and laddered ce
-
AI is redefining Wall Street jobs, with demand for 'agent orchestration' skills surging 1,721%
Wall Street banks are fueling a hiring surge for AI engineers, with AI-related job postings at firms including JPMorgan Chase, Citigroup, and Capital One increasing 49% this year compared to 2025, rea
-
Fed's Bowman: AI Presents Both Opportunities and Risks for Banking Sector, Urges Enhanced System Security
Michelle Bowman, the Federal Reserve's Vice Chair for Supervision, stated in remarks prepared for an event in Colorado on Tuesday that artificial intelligence (AI) is "both a defensive tool and an evo
-
Hong Kong banking industry further extends loan repayment grace period for individuals affected by Tai Po Fire
The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) announced today (September 28) a further extension of credit support measures. This decision was made in recogniti
-
Major Japanese banks' domestic loan share rose to 46.8% in August, marking the first sustained post-bubble expansion in over three decades, boosted by lending margins and financing demand.
Major Japanese banks' domestic loan share rose to 46.8% in August, marking the first sustained post-bubble expansion in over three decades, boosted by lending margins and financing demand.
-
Lula, Bolsonaro Tied as Bank Scandal Weighs on Both Campaigns
President Luiz Inácio Lula da Silva and right-wing challenger Flávio Bolsonaro are locked in a tie ahead of Brazil’s October election, according to a new poll that suggests the fallout of a major bank
-
White House: Stablecoin Yield Ban Would Boost Bank Lending by Just 0.02%
The White House, in an update to an April analysis by the Council of Economic Advisers (CEA), stated that eliminating stablecoin yield would increase bank lending by approximately $2.1 billion under i
-
For the first half of the year, China Merchants Bank's corporate banking business profit surpassed its retail banking business for the first time, exceeding it by 2.815 billion yuan.
China Merchants Bank's wholesale finance business recorded a pre-tax profit of 45.703 billion yuan in the first half of the year, a year-on-year increase of 23.33%, surpassing its retail business for
-
U.S. Treasury Secretary Scott Bessent warned that another bank could be sanctioned next week, stating that "weekly sanctions will become the norm."
U.S. Treasury Secretary Scott Bessent warned in an interview on September 4, Eastern Time, that "another bank may be sanctioned next week," adding that the Treasury Department could roll out new secon
-
Bank of Japan: Net Income Rises for Major Financial Groups and Regional Banks in Fiscal 2025, Core Profitability Boosted by Rising Yen Interest Rates
The Bank of Japan announced the financial results for Japanese banks in fiscal 2025, indicating that while major financial groups and regional banks saw an increase in net income, shinkin banks experi
-
EFG International's incoming Swiss banking chief warns against regulatory over-reach
The comments from the chief executive of Swiss bank EFG International signal how opposition to new rules extends across the industry.
-
US Banking Regulatory Update: Traditional Banks Permitted to Offer Crypto Asset Services and Hold Bitcoin with Limitations
Starting in 2025, major US banking regulators such as the OCC, the Federal Reserve, and the FDIC have rescinded previous restrictive guidance on cryptocurrency activities, marking a significant shift in regulatory attitudes. The new policy explicitly allows national banks to provide crypto asset custody services and to hold a limited amount of crypto assets on their balance sheets to support blockchain network fee payments and platform testing. The SEC's withdrawal of SAB 121 also cleared accounting hurdles for banks. This series of measures has prompted traditional banks like BNY Mellon and Citi to actively develop crypto services, promoting the deep integration of digital assets with the traditional financial system.
-
Standard Chartered COO: AI Boosts Banking Productivity, Creates New Skills Demand; India Remains Key Growth Hub
Standard Chartered COO: AI Boosts Banking Productivity, Creates New Skills Demand; India Remains Key Growth Hub
-
Celent Report: AI is Foundational for the Future of Banking, Already Scaled in US Retail Banks
Celent, a research and advisory firm, has released a new report titled "AI Everywhere for Value." The report concludes that the future of banking belongs to institutions that view AI and other digital
-
Hassett: Core Inflation Momentum in the U.S. Is Approaching the Fed’s Target
Svmuu News: Hassett, Director of the White House National Economic Council, stated that the momentum of core inflation in the U.S. is approaching the Federal Reserve’s target, and the latest inflation
-
EU banking regulators expect "pragmatic" reforms for EU bank executives in 2027.
EU banking executives can expect the EU to find ways to offer some regulatory relief as early as next year, after seeing their Wall Street rivals benefit from US President Donald Trump's deregulation,
-
French top financial regulator says soaring government bond yields pose no risk to the country's banks.
France's top financial regulator said on Tuesday that the country's banking sector exposure to public debt remains limited and does not pose a stability risk, despite a surge in French government bond
-
HKMA grants license to Kyrgyzstan's Bakai Bank, the first Central Asian bank approved to operate in Hong Kong.
The Hong Kong Monetary Authority (HKMA) has granted a license to Bakai Bank of Kyrgyzstan, making it the first Central Asian bank approved to operate in Hong Kong. The bank will operate in Hong Kong a
-
China closed over 670 banks last year, a record high
China closed over 670 banks last year, a record high, as part of efforts to bolster its financial system. Fitch noted that smaller lenders remain the weakest part of the sector.
-
WSJ Opinion: AI Will Be a Boon for Savers, Potentially Straining Bank Liquidity
A Wall Street Journal opinion piece suggests that in the coming years, AI assistants will automatically move idle savings into top-paying insured accounts, including high-yield savings and laddered ce
-
AI is redefining Wall Street jobs, with demand for 'agent orchestration' skills surging 1,721%
Wall Street banks are fueling a hiring surge for AI engineers, with AI-related job postings at firms including JPMorgan Chase, Citigroup, and Capital One increasing 49% this year compared to 2025, rea
-
Fed's Bowman: AI Presents Both Opportunities and Risks for Banking Sector, Urges Enhanced System Security
Michelle Bowman, the Federal Reserve's Vice Chair for Supervision, stated in remarks prepared for an event in Colorado on Tuesday that artificial intelligence (AI) is "both a defensive tool and an evo
-
Hong Kong banking industry further extends loan repayment grace period for individuals affected by Tai Po Fire
The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) announced today (September 28) a further extension of credit support measures. This decision was made in recogniti
-
Major Japanese banks' domestic loan share rose to 46.8% in August, marking the first sustained post-bubble expansion in over three decades, boosted by lending margins and financing demand.
Major Japanese banks' domestic loan share rose to 46.8% in August, marking the first sustained post-bubble expansion in over three decades, boosted by lending margins and financing demand.
-
Lula, Bolsonaro Tied as Bank Scandal Weighs on Both Campaigns
President Luiz Inácio Lula da Silva and right-wing challenger Flávio Bolsonaro are locked in a tie ahead of Brazil’s October election, according to a new poll that suggests the fallout of a major bank
-
White House: Stablecoin Yield Ban Would Boost Bank Lending by Just 0.02%
The White House, in an update to an April analysis by the Council of Economic Advisers (CEA), stated that eliminating stablecoin yield would increase bank lending by approximately $2.1 billion under i
-
For the first half of the year, China Merchants Bank's corporate banking business profit surpassed its retail banking business for the first time, exceeding it by 2.815 billion yuan.
China Merchants Bank's wholesale finance business recorded a pre-tax profit of 45.703 billion yuan in the first half of the year, a year-on-year increase of 23.33%, surpassing its retail business for
-
U.S. Treasury Secretary Scott Bessent warned that another bank could be sanctioned next week, stating that "weekly sanctions will become the norm."
U.S. Treasury Secretary Scott Bessent warned in an interview on September 4, Eastern Time, that "another bank may be sanctioned next week," adding that the Treasury Department could roll out new secon
-
Bank of Japan: Net Income Rises for Major Financial Groups and Regional Banks in Fiscal 2025, Core Profitability Boosted by Rising Yen Interest Rates
The Bank of Japan announced the financial results for Japanese banks in fiscal 2025, indicating that while major financial groups and regional banks saw an increase in net income, shinkin banks experi
-
EFG International's incoming Swiss banking chief warns against regulatory over-reach
The comments from the chief executive of Swiss bank EFG International signal how opposition to new rules extends across the industry.
-
Standard Chartered COO: AI Boosts Banking Productivity, Creates New Skills Demand; India Remains Key Growth Hub
Standard Chartered COO: AI Boosts Banking Productivity, Creates New Skills Demand; India Remains Key Growth Hub
-
Celent Report: AI is Foundational for the Future of Banking, Already Scaled in US Retail Banks
Celent, a research and advisory firm, has released a new report titled "AI Everywhere for Value." The report concludes that the future of banking belongs to institutions that view AI and other digital
-
Hassett: Core Inflation Momentum in the U.S. Is Approaching the Fed’s Target
Svmuu News: Hassett, Director of the White House National Economic Council, stated that the momentum of core inflation in the U.S. is approaching the Federal Reserve’s target, and the latest inflation
-
US Banking Regulatory Update: Traditional Banks Permitted to Offer Crypto Asset Services and Hold Bitcoin with Limitations
Starting in 2025, major US banking regulators such as the OCC, the Federal Reserve, and the FDIC have rescinded previous restrictive guidance on cryptocurrency activities, marking a significant shift in regulatory attitudes. The new policy explicitly allows national banks to provide crypto asset custody services and to hold a limited amount of crypto assets on their balance sheets to support blockchain network fee payments and platform testing. The SEC's withdrawal of SAB 121 also cleared accounting hurdles for banks. This series of measures has prompted traditional banks like BNY Mellon and Citi to actively develop crypto services, promoting the deep integration of digital assets with the traditional financial system.
Banking Industry
24H Trending
-
1
Middle East Tensions Escalate: 24 Ships Attacked in Strait of Hormuz in Two Weeks, Oil Exports Plummet by 81.3%; Houthis Designate Saudi Aramco Facilities as "Legitimate Targets"
-
2
Experts find no evidence Ukraine's data centre strikes impacted Russian bot networks, despite Zelensky's claims
-
3
U.S. existing home sales in September rose to 3.99 million units, exceeding expectations with a 1.5% month-over-month increase, while the median price reached a new high for the period, according to NAR data.
-
4
Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
-
5
Yemen's Houthi group claims to be responding to Saudi attacks on Sanaa.
-
6
Trezor announced it will reduce its authorized reseller network to strengthen supply chain security, following reports of hardware implant attacks on Ledger wallets.
-
7
Ripple's new partner, Canton Network, facilitated S&P Dow Jones Indices' first on-chain transaction involving a fully tokenized index.
-
8
Goldman Sachs: Brazil's First-Round Election Results Trigger "Busiest Week Ever," Foreign Investors Bet on Bolsonaro Victory
-
9
Zest Protocol Sets Oct. 23 Deadline for aeUSDC Exit on Stacks V1
-
10
South Korean stocks opened higher on Wednesday, with the KOSPI index rising 0.44% at the open and climbing 1.83% to 6,146.01 points as of 9:15 AM, after plunging 5.46% the previous day due to AI concerns.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
