United Community Banks just agreed to sell its equipment finance division for $1. 9 billion in cash. The two subsidiaries being sold—Navitas Credit Corp. and NLFC Reinsurance Corp. —have been a headache for the bank lately. They make up only 10% of the loans but have caused half of the bank’s losses
A new wave of sanctions has hit the European Union as France joins a growing list of countries banning Israeli Finance Minister Bezalel Smotrich. The move follows similar actions by the United Kingdom, Australia, Canada, New Zealand and Norway, all of which have targeted officials who push for expan
A group linked to the crypto exchange Coinbase has urged its 286, 000 members in Britain to file formal complaints against local banks that are restricting or stopping payments to crypto platforms. The movement, named Stand With Crypto UK, claims that these blanket rules prevent people from buying o
The Italian government has said it will stay out of a fight over who controls Banca Monte dei Paschi di Siena. Finance Minister Giancarlo Giorgetti told reporters that the outcome will depend on who offers a higher price. Two banks are in the race: Banco BPM and Intesa Sanpaolo. Intesa recently m
Intesa Sanpaolo SpA has just launched a €30. 6 billion bid to acquire the enlarged Banca Monte dei Paschi di Siena, a move that seems solid for investors but confusing in the political arena. The clash began last year when Monte Paschi turned hostile on Mediobanca, a decision that many saw as Ita
Banks and cryptocurrency firms don’t always see eye to eye. Jamie Dimon, CEO of a major bank, recently suggested that crypto companies offering rewards on stablecoins should follow the same strict rules as traditional banks. But critics say that idea misses the point entirely. Peter Schiff, a well-k
Morgan Stanley told its wealth‑management clients that they can now lend Bitcoin, Ethereum or Solana to Galaxy Digital and receive shares of spot crypto exchange‑traded products in return. The deal lets clients keep their coins while the bank can use them as marginable collateral, thanks to recent S
Many banks are now struggling to decide how to bring in new workers. A big reason for this is the rise of artificial intelligence. AI can handle simple tasks that once went to entry-level employees. This means fewer people get hired for basic finance jobs. But banks still need young talent. So they
Indonesia’s leaders are scrambling after the rupiah hit record lows and local stocks tanked faster than anywhere else last week. The finance team and central bank aren’t just watching—they’re rolling out a plan to stop the slide. On Saturday, officials laid out two big moves: make sure there’s enoug
France and some European friends are quietly putting together a list of people to punish for recent violence in the West Bank. These aren't big dramatic moves—just freezing bank accounts and banning certain people from traveling. The catch? Each country might pick different names, so no single world
