The OCC’s final GENIUS Act rule keeps the ban on issuer-paid yield but drops the presumption against rewards paid through affiliates and partners.
Binance is covering a $6.3 billion theft from its own funds. A bank deposit is protected by law. What the difference means for banks issuing tokens.
Herald View
Analysis and perspective from the Banking Herald desk: the stories behind the headlines. Read all Herald View →
In under three years, US regulators have gone from proposing a 16 percent rise in big-bank capital requirements to proposing a cut. The final vote and the legal record will decide how much of that relief banks can rely on.
Japan’s banks stay above capital requirements in the Bank of Japan’s AI stress scenario. The pressure point is lending to private funds.
New research shows how US and EU sanctions sever correspondent banking links, push banks toward the yuan and leave clean payments exposed.
Swift’s blockchain ledger is live and moving real money, but mBridge, Nexus and dollar stablecoins are chasing the same ground. Customers are still waiting for faster, cheaper transfers.
Appointments
View AllBMO appoints U.S. General Counsel Tim Cox as U.S. Country Head and CEO of its U.S. subsidiaries from November 1. Darrel Hackett moves to an advisory role.
Truist hires Steve Boland as vice chair and Jeff Warner from PNC, moves Shimna Sameer to consumer banking, and Dontá Wilson leaves the bank.
Aurionpro appoints Krishnaraja Tantri, who spent nearly two decades at Global Payments, to lead its payments business.
Willis, a WTW business, has named Trevor Madden Head of Captive and Insurance Management…
First Horizon Bank has promoted Catherine Wood to Senior Vice President, Head of Commercial…
Banking
Standard Chartered and Air India have announced a combined travel and wealth proposition for Global Indians. Eligible Standard Chartered affluent clients in Singapore and the UAE will receive Gold or…
National Australia Bank expects to cut up to 2,500 internal roles in FY27 and recognise a restructuring charge of approximately $300m.
Indonesia’s OJK fines parties tied to DSSA, BREN and CUAN IDR 2.1 trillion over share manipulation and IPO allotments that hid related parties.
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Payments & Cards
More than three million DBS PayLah! users can now make QR payments at over 250,000 participating merchants across Taiwan. The connection with Taiwan’s TWQR network allows Singapore travellers to use PayLah! at night markets, restaurants, retailers and popular tourist destinations…
Fintech
Bank Negara Malaysia has launched SSDS+, an in house platform for tokenised bonds and sukuk, linked to RENTAS+ for payment in central bank money.
AI & Technology
View AllThe HKMA’s new ART framework adds AI supervisory guidance, a shared training-data platform and a planned registry of material AI agents, as three banks report sandbox results.
Investing.com’s new AI Investing Index puts California first for AI use among US investors, with New York only 13th.
Bank of America has launched Payments Insights, a new CashPro capability that gives corporate…
HSBC has launched HSBCnio, a digital solution for corporate and institutional clients that combines…
Editor's Picks
Mergers & Acquisitions
View AllDime Commercial Bancshares will buy Empire State Bank parent ES Bancshares for approximately $58 million in cash and stock, adding Staten Island deposits.
Krungsri has bought SHB’s remaining 50% of SHB Finance, completing a deal agreed in 2021. The Vietnamese lender is renamed SFinance.
Enova and Grasshopper Bancorp ended their merger deal on October 16, with Enova paying $4 million, a month after it pulled its OCC and Fed filings.
RBI has sanctioned the amalgamation of Emirates NBD’s Indian branches with RBL Bank. The three branches become RBL Bank branches on December 1, 2026.
Wealth & Investment
View AllSQN Capital Management and Jeremiah Silkowski have settled SEC charges and will exit advisory work, with a receiver set to wind down the firm’s equipment leasing funds.
Standard Chartered has launched the tenth sub-fund on its Variable Capital Company (VCC) platform, with…
InvestGB, the investment arm of Gulf Bank, has gone live on Avaloq’s platform. Wealth management,…
SEI, a global provider of financial technology, operations, and asset management services, has opened an…
DBS and Avaloq have signed a memorandum of understanding to expand their 18-year partnership, aiming…