Banking

UK lawmakers questioned lenders regarding the reported lack of available banking services for cryptocurrency firms within the country.

New York has implemented the country's first statewide moratorium on new large-scale data center construction, with similar bills surfacing in states including Maine and Georgia. The article argues that while banning data centers is unrealistic due to their vital role in services like banking, hospital records, and 911 communication, trust must be earned through transparency and developers paying for necessary infrastructure costs.

Itaú Unibanco reported a record recurring managerial result of US$2.4 billion in Q2 2026, a 7.8% increase from the previous year, marking its 11th consecutive quarter of rising recurring profit. The bank also announced a cut in its fee outlook.

Indonesian President Prabowo Subianto's efforts to restructure the economy with a stronger state role are creating tensions with the country’s wealthiest tycoon families known as the Nine Dragons (Sembilan Naga). These families, many of Chinese Indonesian origin, hold significant interests in sectors like banking, tobacco, and mining.

South Africa's privacy laws are evolving, but vulnerable individuals remain at risk due to data breaches exposing personal and medical information. The article highlights incidents where trusted organizations fail to protect user data, raising concerns as digital services become more prevalent.

Kerala Lok Ayukta has prohibited unregistered institutions from using terms like 'bank,' 'banking,' and 'banker' in their names and operations. The directive mandates the Registrar of Cooperative Societies to implement measures, including public awareness campaigns, to prevent misuse and protect depositors' interests.

Musk's X, formerly known as Twitter, is introducing banking features as part of its 'everything app' initiative. The rebranded platform, X, was previously called Twitter before the change in July 2023.

The EU is attempting to approve its 21st sanctions package against Russia, but internal disagreements over liquefied natural gas, shipping, banking, and trade have led to significant compromises. Despite Viktor Orbán's exit from Hungary's leadership, EU member states remain divided on the extent of pressure to apply on Moscow.

SRM Executive Education organised an industry-academia round table with 35 industry leaders from sectors including FinTech, Global Capability Centres, automotive, hospitals, healthcare, consulting, Banking, and cyber security.

US and China sanctions are creating compliance challenges for African businesses operating in industries like mining, banking, and energy. Analysts warn that overlapping measures from both nations complicate operations for companies engaged with both economies.

The Nigerian stock market recorded a N3.2 trillion gain for investors this week, driven by renewed interest in banking, telecommunications, and oil and gas stocks.

Starling Bank, a London-based fintech, will cut 130 jobs (3% of its workforce) as part of a restructuring to eliminate duplicate roles and invest in artificial intelligence to reduce costs.

GAESA, a business empire owned by Cuba's armed forces, controls approximately 40% of the Cuban economy and holds around $14.5 billion in overseas accounts according to leaked documents. The entity operates across sectors including tourism, retail, banking, ports, and remittances, while maintaining secrecy by not publishing financial accounts.

Cuba introduced 176 free-market reforms to address a crisis worsened by a US oil blockade, aiming to reduce state control in sectors like banking, tourism, and agriculture. Prime Minister Manuel Marrero outlined the measures in a speech to the National Assembly, emphasizing investment attraction amid US pressure.

The U.S. and Iran have reached a memorandum of understanding allowing Iran to immediately sell oil and fuel once the agreement is signed, with sanctions waived for oil sales and related services like banking, transportation, and insurance. The deal includes conditions.

The article reflects on Emir Ahmed Nuhu Bamalli's 60th birthday and his leadership shaped by experiences in banking, law, diplomacy, public administration, and traditional leadership. It highlights his unique perspective combining respect for institutions and appreciation of various fields.

Women lead only 7.6% of Europe's top 500 companies, with 20 European women featured in Fortune's 2025 Most Powerful Women list. These leaders predominantly manage traditional sectors like banking, energy, and luxury, with Ana Botín highlighted as a notable example leading Banco Santander through major acquisitions and expansion.

Twelve Fortune 500 companies, including Molson Coors Beverage Company and BNY, have survived over 200 years of U.S. history, enduring wars, economic crises, and technological changes. These firms, primarily in banking and insurance, trace their origins to the 18th century, with Molson Coors beginning in 1774 in England and expanding into Canada. Experts attribute their longevity to strategic industry choices and adaptive leadership.

Citizen's CEO discusses the role of AI in transforming the banking industry.

A reader shares their experience reading two books about monetary history and banking in the United States, describing them as eye-opening. They seek recommendations for additional reading on similar topics related to the current monetary system.

A Citi executive warned that fragmented crypto systems may lead to repetition of old banking problems. This could result in inefficiencies and risks similar to those seen in traditional banking. The executive's statement highlights the need for standardized systems in the crypto industry.

The article compares the interest earnings of a $10,000 CD account currently versus its projected rate in April 2025, highlighting a potential shift from previously significant returns. It raises questions about how current economic conditions might affect future CD yields.

The article highlights that health care's approach to data privacy lags behind the financial sector's standards. It suggests lessons from banking could improve patient data protection in health care.

CaixaBank's Chief Financial Officer has expressed support for consolidation and dealmaking activity among European banks. The statement suggests potential merger and acquisition opportunities within the European banking sector as a strategic path forward for financial institutions.