Israel is thinking about adding a new tax. This tax would be 15% on extra bank profits. The plan is to do this for five years. The idea is to tax profits that are more than 50% higher than the average from 2018 to 2022. Why are they doing this? Well, the government thinks banks are making too much
JPMorgan Chase, a major player in the banking world, is looking into crypto trading for big clients. This is a big step for a traditional bank. They are checking out different crypto products and services. The plan is still secret, but it might include trading crypto directly and using crypto deriva
Lebanon is in a serious money mess. The country's economy has been struggling since 2019. The government is now trying to fix it. They want to pay back people who have money stuck in banks. This is a big deal. It could help the economy get better. The plan is to pay back small depositors first. The
Europe is making a bold move to modernize its banking system with blockchain technology. The European Central Bank (ECB) is working on two big projects: a digital euro and using distributed ledger technology (DLT) for settlements. These changes could shake up the financial world, affecting both old
Law students diving into banking and finance got a special treat. They visited the Bank of England. This was not just any tour. It was a deep dive into the bank's past, present, and future. The bank's building itself is a story. It shows how the bank has changed over time. The architecture reflects
The finance world is buzzing about AI taking over jobs, but the reality is more nuanced. While banks are investing big in AI, it's not the main reason for recent layoffs. The cuts are mostly due to overhiring during the pandemic and economic uncertainty. Experts argue that AI is often used as a conv
Japan's financial giant MUFG is making a bold play in India. They're buying a 20% piece of Shriram Finance for a whopping $4. 4 billion. This isn't just any deal—it's the biggest cross-border investment in India's financial scene yet. Why India? Well, Japan's banks have been looking abroad for grow
Big news in the world of banking and crypto! BPCE, a major French banking group, is diving into the crypto market. They are going to let customers buy and sell cryptocurrencies like bitcoin, ether, solana, and USDC right from their banking apps. This is a big deal because it means more people can ea
In the world of finance, not everything is as it seems. Tricolor Holdings, a company that specialized in lending money to people with poor credit for used cars, is now facing serious accusations. The company's executives, Daniel Chu and David Goodgame, are alleged to have misled banks and investors
Big changes are happening in the world of tech banking. Goldman Sachs is mixing up its team to keep up with the growing AI industry. This isn't just about AI itself. It's about all the stuff that makes AI work, like the internet and computer chips. Two leaders, Yasmine Coupal and Jason Tofsky, are
