The Federal Reserve has decided to keep all its regional bank presidents in their jobs. This might seem like a small thing, but it's actually pretty important. These presidents have a big say in setting interest rates, almost as much as the main governors do. Not long ago, there was talk about chan
A recent investigation into banks cutting off services to certain customers has wrapped up with little to show. The Office of the Comptroller of the Currency, led by Trump appointee Jonathan Gould, looked into claims that banks were unfairly denying services based on political beliefs. This came aft
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
Big news! U. S. banks just got the okay to jump into the crypto world. This is a huge deal because it means traditional banks can now offer services related to digital currencies like Bitcoin. Before this, banks were kind of in the dark about how to handle crypto. They had to be careful because regu
The Reliance Group, a major player in India's finance sector, is in hot water again. The Central Bureau of Investigation (CBI) has just filed new cases against two of its subsidiaries: Reliance Home Finance and Reliance Commercial Finance. These cases come after complaints from two state-owned banks
A small bank in Texas has made a surprising move into the world of cryptocurrency. Monet Bank, once a community bank, is now calling itself an "infrastructure bank" for digital assets. This shift is part of a bigger trend where traditional banks are starting to embrace crypto. Monet Bank is not a g
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
Citi has just announced a fresh batch of 276 managing directors. This is the smallest group since 2020, showing a shift in the bank's approach. The new leaders come from different parts of the bank, like markets, banking, wealth, and services. The bank is focusing more on growth in these areas after
In Latvia, a quiet debate is happening among pet owners. It's about something called veterinary biobanking. This is where biological samples from pets are stored and used for research. The goal? To improve the health of animals and maybe even humans. But how much do Latvian pet owners know about thi
In a recent turn of events, Japan's top financial and economic leaders chose not to react to the Bank of Japan's (BOJ) signal about a possible interest rate hike. This comes after Governor Kazuo Ueda hinted at the possibility of a rate increase this month. The ministers' silence is notable. Typical
