Most people never think about what happens when they tap "send" on their phone. The money doesn't magically appear in the recipient's bank—it travels through a hidden maze of bank accounts, reserve systems, and Federal Reserve tools that decide when payments actually finish. For crypto companies, th
Citigroup will reveal its first‑quarter earnings before the market opens on Tuesday. Wall Street’s expectations are clear: about $2. 65 per share in earnings and roughly $23. 55 billion in revenue, according to LSEG data. The bank’s net interest income is projected at $15. 5 billion, while its tradi
Ujjivan Small Finance Bank has announced that the Reserve Bank of India (RBI) will require it to show a more varied loan portfolio before approving its shift from a small finance bank to a universal bank. The RBI’s feedback highlighted that while the bank has been working on diversifying its lend
Back in 2011, a little-known crypto exchange called Kraken quietly started what would later become a major talking point in U. S. finance. Fast-forward 13 years, and the Wyoming-based platform just scored something rare: a direct line to the Federal Reserve’s payment network. Think of it like gettin
A recent decision by U. S. regulators has set off a clash between old-school banks and cryptocurrency companies. The Office of the Comptroller of the Currency gave Coinbase the green light to launch a national trust bank, but not everyone is happy about it. Critics argue that digital firms shouldn’t
The U. S. Treasury has decided to send a senior official to Switzerland next week. The goal is to strengthen cooperation against illegal money flows. The trip comes after Swiss regulators shut down a small private bank. The bank faced allegations of money‑laundering and violations of sanctions on
Big banks in the U. S. have been acting suspiciously. They've been limiting or even cutting off services to certain businesses, not because these businesses are risky, but because they don't like them. This includes crypto firms, among others. This isn't new. Back in 2013, there was something calle
VTB, Russia's second-largest bank, is making waves by planning to offer direct bitcoin and crypto trading to its clients. This move comes as a response to growing customer demand for actual cryptocurrencies, not just derivatives. Despite the lack of clear regulations, VTB is testing the waters with
The Reserve Bank of India (RBI) has recently shared some new ideas about how much banks can invest in the stock market and help with company takeovers. They want to make sure banks don't put too much money in these areas. The RBI suggests that banks should not spend more than 20% of their strongest
Banks are starting to see crypto in a new light. After staying away for a while, they are now taking a closer look. This change is happening because of new rules in Europe, like the Markets in Crypto-Assets (MiCA) regulation. These rules make banks feel more comfortable about getting involved with c
