Latest Banking stories from Money.
Recent stress tests conducted by the Federal Reserve indicate that US banks could face losses totaling $700 billion in the event of an economic downturn. Some Wall Street firms have responded by increasing payouts to investors.
Beginning in July 2026, elderly welfare recipients residing in Guangdong and Fujian will be able to receive cash assistance directly in their mainland Chinese bank accounts, according to Hong Kong officials.
HSBC's Swiss division is currently under investigation regarding its potential involvement in an alleged embezzlement scheme linked to the Lebanese central bank governor.
A consortium of banks from Europe and South Korea is exploring the potential of regulated stablecoins for real-time cross-border foreign exchange settlements.
Strive has characterized the recent selloff in digital credit products as a liquidation event rather than indicative of a broader credit crisis, maintaining that credit fundamentals are stable.
The FTSE 100 index experiences an uptick, driven by a robust banking sector, while political dynamics surrounding PM Starmer's potential resignation loom.
Bank of America and Deutsche Bank analysts foresee an interest rate increase by the Federal Reserve in September, suggesting significant market implications.
The Bank of England has revised its approach to stablecoin regulations by removing proposed holding limits and introducing a £40 billion issuance cap, aiming for a 2027 launch.
Explore the detailed profile of Karnataka Bank Ltd. and gain insights into its market position and operations.
ICICI Bank demonstrated a robust performance on Monday, exceeding market expectations and showcasing its strength in the financial sector.
Elvira Nabiullina's recent absence from significant events raises questions about the future of Russia's central banking leadership.
The unchecked regulatory arbitrage in the insurance sector raises alarms about the increasing dependence on private credit ratings.
Custodia and Vantage have introduced a token designed to facilitate a connection between traditional banking systems and blockchain payment networks, enabling banks to keep customer deposits.
A recent warning from the Bank of Spain reveals a critical housing shortfall, particularly in major provinces like Madrid and Barcelona, where the gap is most pronounced.
The Bank of England has decided to keep its benchmark interest rate at 3.75% for the fourth consecutive meeting, reflecting stable inflation and a cooling labor market.
India is looking to analyze the mineral composition of a Siberian rare earth deposit owned by Rosneft before deciding on further involvement, according to a source.
As global tensions escalate, central banks are increasingly cautious about storing gold abroad, opting to bring bullion back home amid conflicts and sanctions.
In a significant move, the Bank of Japan has raised its interest rates to 1% for the first time since 1995, indicating a shift in monetary policy. The central bank also announced plans to halt reductions in monthly bond purchases starting next year.
JPMorgan Chase is looking to expand its digital banking operations into France, Spain, and Italy, marking a significant move into Europe’s largest financial markets.
HDFC Bank experienced gains on Monday, but its performance did not match that of the broader market.