UK Regulators Deliver Roadmap for Future of Open Banking
In the UK, local financial regulators have unveiled plans for the future development of open banking.
Finance & Economics - page 63
Bank of England Says Stablecoin Use Need Limits
The Deputy Governor of the Bank of England, John Cunliffe, admitted that, with a high degree of probability, regulators will be forced to introduce restrictive measures regarding the possibility of using stablecoins to perform payment financial operations.
First Islamic Bank Goes Live on UAE KYC Blockchain Platform
Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data
Yellen Warns Banks Could Pull Back on Lending
The US Treasury Secretary reported on the high probability of a change in the approach of local financial institutions to lending in the direction of tightening.
HSBC Hires Ex-SVB Bankers to Focus on US Innovation Economy
HSBC currently hires about 40 former employees of the Silicon Valley bank.
JPMorgan Asks for Permission to Question Frank Founder About Transfers
JPMorgan Chase wants to interrogate Frank founder Charlie Javis as part of the proceedings on the transfers of millions of dollars.
FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot
FTX lawyers are exploring the possibility of restarting this cryptocurrency exchange.
Bank of America Sees Slowing Credit and Debit Card Spend
In the United States, in March 2023, household spending on credit and debit cards increased by 0.1% compared to the figure recorded for the same period last year.
Walmart Closes 4 Chicago Stores After Years of Losses
Walmart has decided to close half of its stores in Chicago.
IMF Lowers Forecast for Global Economic Growth After Banking Crises
The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.
JPMorgan Chase Boss Dimon Hails Groundbreaking AI
JPMorgan Chase CEO Jamie Dimon said that currently, the specialists of this financial institution are developing more than 300 options for using artificial intelligence.
First Citizens Community Bank Parent Gains Regulatory Approvals for Acquisition
The acquisition of HV Bancorp, previously announced by Citizens Financial Services, has received regulatory approval.
International CBDC Unveiled: What Does It Do?
The Digital Currency Monetary Authority unveiled an international CBDC-like digital coin designed to speed up cross-border transactions
India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
Bank of England Builds Its CBDC Team
The media reported that the central bank of England has begun to recruit a team of employees who will deal with the digital currency of this financial institution.
Samsung Plans to Cut Memory Chip Production
Samsung Electronics has announced its intention to reduce the production of memory chips.
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