Revolut says the OCC has provisionally cleared its bid to become a bank in the United States.
TThe BlockOriginal★★☆☆☆2026-09-03 18:23
Revolut applied on March 4 to establish an insured US national bank offering deposits, cards, lending and direct Fedwire and ACH access. Nearly six months later, its application remains under review while regulators have approved or converted narrower national trust-bank charters for crypto firms, focused mainly on custody, reserves and digital-asset services rather than full-service insured banking.
C
CryptoSlateOriginal★★☆☆☆2026-09-03 16:55
Diameter Pay’s financing totaled $10 million. CMT Digital and Lightspeed Faction shared the lead-investor role in the company’s Series A round.
TThe BlockOriginal★★☆☆☆2026-09-03 16:00
UK-based fintech Revolut has received approval from the Office of the Comptroller of the Currency for a provisional US banking licence, marking a milestone in its effort to expand in America.
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Financial TimesOriginal★★☆☆☆2026-09-03 15:48
SoFi Technologies has partnered with Payward to connect its banking settlement network to Kraken’s digital-asset infrastructure.
TThe BlockOriginal★★☆☆☆2026-09-03 12:52
Kraken will join SoFi’s settlement network and list SoFiUSD, linking traditional banking with crypto markets as the two companies expand into each other’s businesses.
Germany’s gas storage industry association INES has proposed scrapping certain charges and providing subsidised government loans so storage facilities can reach adequate filling levels this winter despite unfavourable market conditions.
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ReutersOriginal★★★☆☆2026-09-03 12:05
Hong Kong’s market regulator has designated some authorised funds with at least 50 per cent of their net asset value exposed directly or indirectly to private-market assets as complex products, raising the threshold for selling them to retail investors. The Securities and Futures Commission said it had observed some funds acquiring indirect private-market exposure.
S
South China Morning PostOriginal★★☆☆☆2026-09-03 11:12
Australia is intensifying its crackdown on crypto businesses as a strict new regulatory deadline approaches. Firms that miss it could breach financial services law from Oct. 1 and face civil or criminal penalties.
C
CoinDeskOriginal★★★☆☆2026-09-03 10:09
The CFTC has asked a judge to dismiss CME’s lawsuit over crypto perpetual futures. The regulator calls the dispute “much ado about nothing,” saying the order permits any designated contract market, including CME, to list the products.
CCoinDeskOriginal★★☆☆☆2026-09-03 09:13
The CFTC asked a court to dismiss CME’s lawsuit, arguing that the exchange lacks standing to pursue its competitive-injury claims. The agency said CME is free to list perpetual futures as a designated contract market.
Three people familiar with the discussions said Alipay+’s proposal to connect with India’s instant-payments system for cross-border transactions has been stalled by national-security concerns in New Delhi and questions over how customer data would be stored and used.
RReutersOriginal★★★☆☆2026-09-03 08:30
Shein shares fell as much as 10% on their third day of trading. The decline may force Goldman Sachs to step in to stabilise the price.
FFinancial TimesOriginal★★☆☆☆2026-09-03 08:13
President Vladimir Putin instructed the Russian government and Central Bank to thoroughly examine plans for a modern financial center based on the Eastern Exchange, intended to draw more international capital into Far Eastern and Arctic projects. He also highlighted a public-private partnership standard and concession-bond financing model aimed at improving infrastructure investment efficiency.
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TASSOriginal★★★☆☆2026-09-03 08:13
Russia’s banking sector may earn about 4 trillion rubles ($45.82 billion) in 2026, Sberbank CEO Herman Gref said. He added that although the result would exceed last year’s figure, banks’ current margin levels are expected to decline in the second half of the year.
TTASSOriginal★★★☆☆2026-09-03 04:19
Russia’s economy is in a state of “overcooling,” Sberbank CEO Herman Gref said, arguing that policy should shift toward supporting and stimulating investment. He said businesses need help and that Sberbank will assist marketplaces and sellers affected by drone attacks.
TTASSOriginal★★★☆☆2026-09-03 04:13
Competition is intensifying between banks and proprietary trading firms.
FFinancial TimesOriginal★★☆☆☆2026-09-03 04:00
Circle President Heath Tarbert told Congress that bringing digital-dollar infrastructure under U.S. rules could reinforce the network effects behind the dollar’s global role. The article says regulated stablecoins may broaden private use of dollar tokens, steer issuer reserves toward short-term Treasuries and extend the dollar’s digital reach, while leaving official reserve choices to central banks.
CCryptoSlateOriginal★★☆☆☆2026-09-03 02:30
JPMorgan restricted lending to trading firm Jane Street last year after the specialist began making markets in US Treasuries.
FFinancial TimesOriginal★★☆☆☆2026-09-02 20:44
Golden Pet Brands, which owns Dr. Marty Pets, Badlands Ranch and Ultimate Pet Nutrition, has selected banks for a New York-listed initial public offering that could take place as soon as this year, according to people familiar with the matter.
RReutersOriginal★★☆☆☆2026-09-02 20:05
SEC reforms risk undermining investors’ ability to compare companies, putting a key tenet of US equity markets at risk.
FFinancial TimesOriginal★★☆☆☆2026-09-02 14:45
Investors from friendly countries are participating in Russian IPOs, but their involvement remains limited for now, VTB Deputy President and Management Board Chairman Vitaly Sergeychuk said. Russian institutional and retail investors continue to make up the main participants in equity-market offerings.
TTASSOriginal★★☆☆☆2026-09-02 13:52
The IMF and Senegal have agreed on a new $2.2 billion lending programme to support financial reforms. The deal offers relief after a large volume of previously unreported debt emerged, with the president accusing his predecessor of concealing the true scale of the country’s budget deficit.
FFrance 24Original★★★★☆2026-09-02 12:51
VTB has launched QR code payments in Indonesia and the Philippines. The bank says its customers have made more than 1 million QR payments abroad since January, worth over 3.5 billion rubles ($40.3 million), with the average transaction exceeding 3,000 rubles ($35).
TTASSOriginal★★☆☆☆2026-09-02 11:50
Standard Chartered estimates stablecoins could draw about $500 billion from U.S. bank deposits by the end of 2028. Twenty-one financial institutions, including Bank of America, Citi, Goldman Sachs and Wells Fargo, have committed to form a company and launch a dollar-denominated stablecoin in the first half of 2027, seeking to retain payment, settlement and customer relationships.
CCryptoSlateOriginal★★☆☆☆2026-09-02 11:15
Up to three IPOs could be launched in Russia by the end of 2026 if market conditions improve, VTB Deputy President Vitaly Sergeychuk said. About five companies are technically ready to list, but are waiting for stronger capital markets, investor demand and acceptable valuations.
TTASSOriginal★★☆☆☆2026-09-02 10:03
Spot XRP funds have recorded inflows for nine consecutive sessions and attracted $170 million over 11 days. Second-quarter filings identify Goldman Sachs, Jane Street and Millennium among their largest professional holders.
CCoinDeskOriginal★★☆☆☆2026-09-02 07:20
British banks are increasingly using higher-risk assets, including loans tied to high-interest store cards and vehicle leases, as collateral at the Bank of England, a Reuters review of BoE filings shows.
RReutersOriginal★★☆☆☆2026-09-02 06:30
VTB CEO Andrey Kostin said the digital ruble will gradually develop and become part of everyday life in Russia. He described it as a more convenient, transparent and faster means of payment.
TTASSOriginal★★☆☆☆2026-09-02 04:14
The U.S. Securities and Exchange Commission released an agenda for its 24-trading roundtable and proposed a new transfer-agent rule with potential blockchain implications.
CCoinDeskOriginal★★☆☆☆2026-09-01 23:55
The IMF said it and Senegal reached a staff-level agreement on a three-year, $2.2 billion loan package. The arrangement requires Senegal to restore “debt sustainability” in return for the programme.
RReutersOriginal★★★☆☆2026-09-01 20:25
Tests found that memecoin purchases on Robinhood Wallet and Fomo were coded as “digital media” rather than cryptocurrency, allowing buyers to earn credit-card points despite restrictions imposed by card networks.
TThe BlockOriginal★★☆☆☆2026-09-01 19:33
Russian used-car marketplace CarPrice has temporarily restricted payments to individuals and businesses, saying the measure follows a change in its corporate structure and should end within a week. The move follows a Moscow court’s designation of investor Alexander Galitsky and his fund, Almaz Capital Partners, as an “extremist association” over alleged aid to Ukraine’s Armed Forces. CarPrice was later nationalized and transferred to Rostec.
MMeduzaOriginal★★★☆☆2026-09-01 17:45
Russia expanded access to its central bank digital currency on Sept. 1, allowing customers of connected banks to open digital-ruble wallets through mobile apps. Twelve systemically significant banks are ready to provide the service, while covered retailers must accept digital rubles. Consumer participation remains voluntary and banks cannot open wallets automatically.
CCryptoSlateOriginal★★★☆☆2026-09-01 16:35
Strategy is challenging MSCI’s proposed “non-operating company” screen by citing the index provider’s 2022 SEC arguments that index providers are neutral and do not judge investments. Strategy says the methodology would nevertheless require MSCI to decide whether Bitcoin is an operating asset, potentially creating regulatory and reputational risks for MSCI.
CCryptoSlateOriginal★★☆☆☆2026-09-01 15:50
Citi, Goldman Sachs and other global banks and asset managers are joining forces on a stablecoin venture. The group will initially develop a U.S. dollar stablecoin for payments and digital-asset settlement, with a euro token prioritized for expansion.
CCoinDeskOriginal★★☆☆☆2026-09-01 15:36
Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement as it brings stablecoins into everyday banking services.
CCoinDeskOriginal★★☆☆☆2026-09-01 13:15
Russia’s new crypto law took effect on September 1, creating a supervised framework for investment and cross-border settlements. But key rules and trading channels are unfinished, while crypto payments for goods and services remain banned. Retail investors will face testing and a ₽300,000 annual limit per intermediary once access expands.
CCryptoSlateOriginal★★★☆☆2026-09-01 12:20
HSBC’s chief economist sees significant similarities between today’s financial environment and the period leading up to the 1997 Asian financial crisis, when surging U.S. bond yields, a weak Japanese yen and optimism about technology dominated markets.
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CNBCOriginal★★☆☆☆2026-09-01 09:58
Swiss Finance Minister Karin Keller-Sutter said she was disappointed after a parliamentary committee moved to ease stricter capital rules the government proposed for UBS following Credit Suisse’s collapse in 2023.
RReutersOriginal★★★☆☆2026-09-01 09:10
Citigroup said it will increase staffing across its North Asia and Japan corporate banking desk network by 25% after client activity grew by double digits. Invesco has also announced plans to keep expanding in Asia and appointed a new head for the Asia-Pacific region.
SSouth China Morning PostOriginal★★☆☆☆2026-09-01 06:36
Russia has begun the mass rollout of its digital ruble, with major banks and retailers opening infrastructure for transactions and individuals able to choose the new currency format. The system will expand in stages, with all credit institutions joining by September 2028. Individual payments and transfers are free, while businesses are exempt from fees through the end of this year.
TTASSOriginal★★★☆☆2026-09-01 04:10
After years of struggling to secure a banking licence, Revolut now aims to shake up the industry with an “everything app.”
FFinancial TimesOriginal★★☆☆☆2026-09-01 04:00
Wells Fargo analyst Timna Tanners called Canada’s latest retaliatory tariffs on U.S. steel and aluminum largely symbolic, arguing that the trade war has already made American metals too expensive to import.
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Bloomberg NewsOriginal★★☆☆☆2026-08-31 23:30
The Federal Trade Commission and 22 states accused retail giant Amazon of deceiving businesses by charging excessive prices for advertising on its vast retail platform, allegedly pocketing billions of dollars for the company.
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CNNOriginal★★★☆☆2026-08-31 23:01
The FTC and 22 state attorneys general are suing Amazon, alleging it used a “secret ad surcharge” to raise advertising prices on its website and app. The complaint says Amazon manipulated ad auctions and may have unlawfully extracted more than $20 billion from advertisers. Amazon calls the case misguided and says the FTC misunderstands advertiser behavior.
The US Federal Trade Commission and 22 states accuse Amazon of manipulating online advertising auctions, allegedly overcharging more than a million advertisers and making about $20bn since 2019. Amazon strongly rejects the claim and says the FTC misunderstands its advertising market.
The US Federal Trade Commission is preparing to sue Amazon over allegations that the e-commerce giant misled advertisers about prices, according to a person familiar with the matter.
The Federal Trade Commission alleges that Amazon manipulated advertising prices and overcharged about 1.2mn businesses seeking to promote their products.
The Federal Trade Commission sued Amazon, alleging that the ecommerce giant misled advertisers through a deceptive auction system.
Sberbank expects its 2026 profit to be well above the 2025 level, although growth may come in just under 20%, finance head Taras Skvortsov said. He noted that economic conditions, particularly in the second half of the year, are more difficult than last year, but not severe enough to produce negative growth.
TTASSOriginal★★☆☆☆2026-08-31 16:16
The SEC’s proposal would create rule-based exemptions for certain crypto-asset offerings, including a route allowing up to $75 million over 12 months. Senate Section 103 of the CLARITY Act instead proposes a statutory exemption for qualifying ancillary-asset transactions under an investment contract, capped at the greater of $50 million or 10% of outstanding asset value annually, with a $200 million aggregate limit. The mechanisms, eligible assets, purchaser rules, resale conditions and timing differ, and neither route is currently available.
CCryptoSlateOriginal★★☆☆☆2026-08-31 14:50
Sberbank is reportedly planning to accept ether and USDT as collateral for loans backed by crypto assets. The Bank of Russia recently included ETH and USDT in a draft list of cryptocurrencies approved for public trading on Russian exchanges.
CCoinDeskOriginal★★☆☆☆2026-08-31 11:26
Tenants ranging from major banks to fashion brands are taking advantage of potentially lower rents in prime Hong Kong retail areas, using prominent sites to increase customer visibility, agents say. HSBC is opening its first flagship branch at Capitol Centre, formerly occupied by Chanel, Victoria’s Secret and Forever 21, while preparing to close two branches in Causeway Bay.
SSouth China Morning PostOriginal★★☆☆☆2026-08-31 09:00
Sberbank reportedly expects crypto exchange trading to reach $46 billion in the first year under Russia’s new regulations. The rules are scheduled to take effect on Sept. 1, 2026.
TThe BlockOriginal★★★☆☆2026-08-31 08:15
Barclays expects the U.S. Federal Reserve to raise interest rates by 25 basis points in September and again in December, saying Chair Kevin Warsh’s latest remarks pointed to a more hawkish stance.
RReutersOriginal★★☆☆☆2026-08-31 07:50
China’s six largest state-owned banks recorded simultaneous first-half increases in revenue and net profit for the first time since 2022, according to interim results released last week. Their margins, which had faced pressure for two years, also showed tentative signs of stabilising.
SSouth China Morning PostOriginal★★★☆☆2026-08-31 07:00
HDFC Bank shares rose about 2% on Monday after CEO Sashidhar Jagdishan said he would not seek reappointment beyond October. Analysts described the move as a clean break for India’s largest private lender by assets rather than a new source of concern.
RReutersOriginal★★★☆☆2026-08-31 05:45
Shares of HDFC Bank rose after the chief executive of India’s largest private lender unexpectedly announced that he would not seek reappointment.
Taiwan’s financial regulator spent months last year orchestrating one of the most sweeping overhauls of the island’s $1.2 trillion life-insurance giants, shocking even veteran traders.
BBloomberg NewsOriginal★★★☆☆2026-08-31 05:45
UK neobank Allica is looking to Sweden to accelerate its European expansion and challenge Scandinavian incumbents that have tightened lending to riskier borrowers.
FFinancial TimesOriginal★★☆☆☆2026-08-31 04:00
Jio Platforms, India’s largest digital and telecom operator, has received regulatory approval to pursue an initial public offering. Another major listing, by the National Stock Exchange, is still waiting for regulatory clearance.
CCNBCOriginal★★★☆☆2026-08-31 02:35
Treasury Secretary Scott Bessent said the US plans to impose new sanctions every week on entities cooperating with Iran to increase pressure on Tehran. Banks will be targeted first, and he plans to warn G20 finance officials that ties with Iran could bring sanctions. Washington also threatens secondary sanctions and loss of dollar access for countries that do not comply, while Bessent says he wants to avoid a confrontation that could damage the global financial system.
TTASSOriginal★★★★☆2026-08-31 02:09
U.S. Treasury Secretary Scott Bessent told Reuters on Sunday that the Treasury Department is likely to announce new secondary sanctions each week to increase economic pressure on Iran, initially focusing on banks.
Escalating China-US trade friction has not slowed corporate activity between the two economies. Citi says revenue on its North America-China corridor remains steady, while mainland Chinese companies are turning to risk-hedging strategies and global financial institutions to manage financial friction and complex supply chains and defend their global market share.
SSouth China Morning PostOriginal★★★☆☆2026-08-30 23:00
Aon is close to a roughly $17 billion acquisition of insurance broker USI from KKR, including the assumption of debt, The Wall Street Journal reported.
CCNBCOriginal★★☆☆☆2026-08-30 20:46
Aon Plc is nearing a deal to buy USI Insurance Services from private equity firm KKR for roughly $17 billion, including debt, the Wall Street Journal reported Sunday, citing people familiar with the matter.
Australia’s corporate regulator says insurers used cash settlements for more than 63% of final home-building claims reviewed after Cyclone Jasper. It warned that offers based on a single, often discounted quote can leave vulnerable homeowners finding tradespeople, managing repairs and paying unexpected shortfalls themselves.
TThe GuardianOriginal★★★☆☆2026-08-30 15:01
The US Treasury says it will cut Banque Misr UAE off from the US financial system, accusing the bank of doing business with Iran. The proposed measure would bar only its UAE branches from dollar transactions with US correspondent banks and is expected to take effect 30 days after public comments. Banque Misr is reviewing the notice, while Egypt’s central bank says other operations will not be affected.
AAl JazeeraOriginal★★★★☆2026-08-30 13:23
HDFC Bank is likely to include Deputy Managing Director Kaizad Bharucha among the two options for its next CEO, according to two people familiar with the matter. Incumbent Sashidhar Jagdishan is expected to retire in October after completing his second term.
RReutersOriginal★★★☆☆2026-08-30 13:01
The CFTC found that White House teleprompter operator Gabriel Perez traded presidential “mention market” contracts after seeing speeches before delivery. He must surrender $107,539.02 in profits, pay a $65,000 civil penalty and accept a three-year trading ban. The case is a civil regulatory settlement, not a criminal conviction.
CCryptoSlateOriginal★★★☆☆2026-08-30 12:30
Company documents released in an ongoing series of lawsuits show that State Farm cut payouts to policyholders by more than $1 billion as massive storms damaged rooftops across Oklahoma and roof-related claims worsened.
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NBC NewsOriginal★★★☆☆2026-08-30 12:00
Canadian Prime Minister Mark Carney is backing a proposed global defence bank designed to help allies rearm. Yet with only weeks before prospective members are expected to sign up, other major economies have still not committed.
RReutersOriginal★★★★☆2026-08-30 09:15
Delaware Life reclassified about $17 billion of investments as related-party holdings in a corrected 2025 filing, while Clear Spring corrected roughly $4.6 billion. Both insurers received grand jury subpoenas from federal prosecutors, and the SEC opened a parallel inquiry. The case highlights how private credit, affiliated managers and illiquid assets have made life insurers increasingly important—and difficult to read—in the US credit system.
CCryptoSlateOriginal★★★★☆2026-08-30 08:33
Better Mortgage and Coinbase have made Better’s Bitcoin-backed conforming mortgage generally available. Buyers receive the down payment through a separate loan secured by pledged Bitcoin and a second lien on the home. Bitcoin price swings alone do not trigger margin calls, but a payment delinquency lasting 60 days may lead to liquidation. Applicants must meet credit, underwriting and location requirements.
CCryptoSlateOriginal★★☆☆☆2026-08-30 06:05
Comments by the chief executive of EFG International suggest that opposition to new rules is spreading across the banking industry.
FFinancial TimesOriginal★★☆☆☆2026-08-30 04:00
The SEC is examining whether its automatic filing framework gives regulators enough time and authority to assess increasingly specialized ETFs. The agency’s June 30 request for comment covers crypto assets, commodities, leveraged and single-stock products, private assets, blockchain opportunities and event contracts, with comments due Aug. 31. US ETF assets exceeded $12 trillion at the end of 2025, up from more than $4 trillion in 2019.
CCryptoSlateOriginal★★☆☆☆2026-08-29 15:30
Cryptocurrency trading in Russia is expected to remain below 4 trillion rubles ($46.43 billion) in its first year and could reach about 7.5 trillion rubles ($87.06 billion) by 2029, Sberbank Deputy Chairman Anatoly Popov said. The estimate is conservative because many transactions will continue through crypto exchange services rather than exchanges, while the new law takes effect on September 1.
TTASSOriginal★★★☆☆2026-08-29 12:12
Recent Beijing restrictions on cross-border investment and a tax change targeting overseas insurance gains may cause short-term uncertainty, but they will not weaken Hong Kong’s long-term competitiveness as a major wealth management hub, JPMorgan Chase Hong Kong CEO and North Asia chair Kwang Kam-shing says. She remains optimistic about Asia’s financial sector.
SSouth China Morning PostOriginal★★★☆☆2026-08-29 02:00
Long-term bond yields may be rising because investors expect an AI-driven productivity boom, rather than solely because of worries about inflation and growing government debt, said Jacob Manoukian, JPMorgan Private Bank’s U.S. head of investment strategy.
RReutersOriginal★★☆☆☆2026-08-29 01:30
Canadian bank CEOs remain calm as tariff tensions increase. The coverage also asks why Canada reversed tariffs on fish.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 20:00
The Ninth Circuit upheld a lower-court ruling that Kalshi failed to demonstrate that federal authority preempts Nevada’s power. The decision challenges Kalshi’s claim that the Commodity Futures Trading Commission has exclusive jurisdiction over the dispute.
TThe BlockOriginal★★☆☆☆2026-08-28 19:50
Regional lenders Truist Financial and Fifth Third Bancorp have paused distributing products tied to billionaire financier Mark Walter’s biggest insurance firm, according to people familiar with the decisions.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 17:26
Israeli restrictions and war damage have triggered a liquidity crisis in Gaza, crippling banks and everyday commerce. A shortage of usable cash, destroyed banking infrastructure and problems with replacement identity documents have left many residents unable to access accounts or make merchants accept their banknotes, forcing them toward difficult electronic transfers for routine purchases.
AAl JazeeraOriginal★★★☆☆2026-08-28 16:44
Hong Kong and Singapore are intensifying their long-running contest to become Asia’s leading financial hub. The focus is on which city is currently ahead.
BBloomberg NewsOriginal★★☆☆☆2026-08-28 16:15
The iShares Bitcoin Trust ETF closed at $44.46 on Aug. 26, below the $63.69 level required to trigger an early call on JPMorgan’s $21.374 million structured note. Investors therefore retain an unsecured, non-interest-bearing obligation with potentially limited liquidity, while the final payoff remains tied to IBIT’s price in 2028.
CCryptoSlateOriginal★★☆☆☆2026-08-28 13:45
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.
