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Citigroup hires veteran banker Sophia Wang to lead China institutional sales

Citigroup has named veteran banker Sophia Wang a managing director and head of China financial-institutional sales and senior relationship management. Based in Shanghai, Wang will oversee institutional coverage for rates, spread products, foreign exchange and commodities, as the bank seeks to expand its mainland capital-markets presence amid geopolitical friction.

MarketsBanking & financeCompanies & industryCitigroupChina capital marketsinstitutional sales

SSouth China Morning PostOriginal★★☆☆☆2026-09-15 04:19

Citigroup hires veteran banker Sophia Wang to lead China institutional sales
Citigroup hires veteran banker Sophia Wang to lead China institutional sales

Private equity’s new AI overlords?

Michael Dell’s family office and a company dubbed “the holding company of the next century” have outbid private equity giants to take an insurance broker private.

MarketsBanking & financeTech & AIPrivate equityArtificial intelligenceInsurance brokers

FFinancial TimesOriginal★★☆☆☆2026-09-15 04:00

Private equity’s new AI overlords?

China targets brokerages’ offshore operations in crackdown on pay loopholes and corruption

China’s securities regulator and industry body are moving to close compensation loopholes for brokerage executives and staff, while extending anti-corruption oversight to overseas operations for the first time. The Securities Association of China has circulated a revised draft of its “clean practices” rules for feedback by September 29.

Banking & financeChinabrokeragesanti-corruptionfinancial regulation

SSouth China Morning PostOriginal★★★☆☆2026-09-15 00:00

China targets brokerages’ offshore operations in crackdown on pay loopholes and corruption
China targets brokerages’ offshore operations in crackdown on pay loopholes and corruption

Even if Clarity fails, Wall Street’s crypto push is unlikely to stop

The Clarity Act could provide banks, brokers and asset managers with clearer rules, but financial firms are already deeply involved in digital assets. If the legislation fails, adoption may slow, yet Wall Street’s crypto expansion is unlikely to end.

MarketsCryptoBanking & financecryptocurrencyWall Streetfinancial regulation

CCoinDeskOriginal★★☆☆☆2026-09-14 23:43

Even if Clarity fails, Wall Street’s crypto push is unlikely to stop
Even if Clarity fails, Wall Street’s crypto push is unlikely to stop

WorldUS imposes new penalties on Russia’s VTB Bank over Iran sanctions evasion

The United States imposed new sanctions on Russia’s VTB Bank on Sept. 14, accusing it of helping Iran evade sanctions through financial-sector operations, partnerships with sanctioned Iranian institutions and transfers of frozen Iranian assets. The measures block VTB-linked assets in the U.S. and expose violators to civil or criminal penalties.

US sanctionsRussiaIranVTB Bank

TThe Kyiv IndependentOriginal★★★★☆2026-09-14 22:24

US imposes new penalties on Russia’s VTB Bank over Iran sanctions evasion
US imposes new penalties on Russia’s VTB Bank over Iran sanctions evasion

White House crypto adviser feels ‘very good’ ahead of Tuesday Senate Clarity Act vote

The White House’s top crypto adviser says he feels “very good” about the Senate’s initial vote on cryptocurrency legislation scheduled for Tuesday.

CryptocryptocurrencyUS SenateClarity Act

TThe BlockOriginal★★☆☆☆2026-09-14 19:29

White House crypto adviser feels ‘very good’ ahead of Tuesday Senate Clarity Act vote
White House crypto adviser feels ‘very good’ ahead of Tuesday Senate Clarity Act vote
  • White House crypto adviser says Trump gave up 'historic' ethics powers in compromise
    White House crypto adviser says Trump gave up 'historic' ethics powers in compromise

    President Donald Trump's digital assets adviser spoke at a Washington event one day after new compromise language was released for the Clarity Act, saying Trump had surrendered what were described as historic ethics powers in the deal.

    Donald TrumpcryptocurrencyClarity Act

    CCoinDesk★★★☆☆2026-09-14 18:34Original
  • Trump Pushes Crypto Bill, Escalating Industry’s Fight With Banks
    Trump Pushes Crypto Bill, Escalating Industry’s Fight With Banks

    Donald Trump is pressing a crypto bill as the industry’s conflict with banks intensifies. At a White House gathering last month, he praised Coinbase CEO Brian Armstrong as “one of the greats” and called Gemini Space Station co-founders Cameron and Tyler Winklevoss “tremendous investors, brilliant people.”

    Donald Trumpcryptocurrencybankslegislation

    BBloomberg News★★★☆☆2026-09-14 18:30Original
  • CLARITY Act’s ‘final’ deal is already unraveling ahead of Senate vote
    CLARITY Act’s ‘final’ deal is already unraveling ahead of Senate vote

    Opposition to the CLARITY Act continued to grow ahead of Tuesday’s Senate cloture vote, despite Republicans releasing a version they called final that incorporated 126 Democratic requests. Banking groups, Democrats, state attorneys general and developer advocates still objected to provisions on ethics, stablecoin rewards, state enforcement and deposit flight, putting the 60-vote threshold at risk.

    CLARITY ActstablecoinsUS Senatecrypto regulation

    CCryptoSlate★★★☆☆2026-09-14 18:20Original
  • Banks escalate stablecoin rewards fight as Senate readies Clarity Act vote
    Banks escalate stablecoin rewards fight as Senate readies Clarity Act vote

    Eight banking groups said Monday that they want stricter limits on stablecoin rewards, keeping the dispute between banks and the crypto industry alive in Congress as the Senate prepares to vote on the Clarity Act.

    BankingStablecoinsUS Congress

    CCoinDesk★★★☆☆2026-09-14 17:51Original

Ukraine to receive $841 million in World Bank budget support

Ukraine will soon receive $841 million in budget support from the World Bank, backed by Canadian guarantees, Prime Minister Serhii Koretskyi said. The funding comes through the PEACE project and will reimburse pension payments from the state budget as Ukraine faces its most difficult budget situation since Russia’s full-scale war began in 2022.

Macro & central banksBanking & financeUkraineWorld Bankbudget support

TThe Kyiv IndependentOriginal★★★☆☆2026-09-14 16:28

Ukraine to receive $841 million in World Bank budget support
Ukraine to receive $841 million in World Bank budget support

JPMorgan to launch long-awaited 'frontier' local-currency debt index

JPMorgan plans to introduce its long-awaited frontier-market local-currency government bond index by the end of September. The new benchmark will cover nearly $330 billion in debt across some of the world’s fastest-growing economies.

Macro & central banksMarketsBanking & financeJPMorganbond indexfrontier markets

RReutersOriginal★★☆☆☆2026-09-14 15:05

JPMorgan to launch long-awaited 'frontier' local-currency debt index
JPMorgan to launch long-awaited 'frontier' local-currency debt index

How much should lenders charge hyperscalers?

The article considers how lenders should price financing for hyperscalers, taking equity investors’ collective histrionics into account in a credit context.

Banking & financehyperscalerslendingcredit pricing

FFinancial TimesOriginal★★☆☆☆2026-09-14 14:23

How much should lenders charge hyperscalers?

Kaiko extends Series B to $110 million with S&P Global and BNP Paribas

Financial ratings giant S&P Global, BNP Paribas and other traditional banks and exchange operators have joined Kaiko’s Series B, bringing the round to $110 million. The funding will support the company’s expansion into continuous market data services.

MarketsBanking & financeKaikoS&P Globalfundingmarket data

CCoinDeskOriginal★★☆☆☆2026-09-14 14:06

Kaiko extends Series B to $110 million with S&P Global and BNP Paribas
Kaiko extends Series B to $110 million with S&P Global and BNP Paribas

British hedge fund founder Odey loses appeal against industry ban

Hedge fund manager Crispin Odey has lost his appeal against an industry ban for obstructing an internal disciplinary investigation into allegations of sexual harassment. His £1.8 million fine was reduced, however.

MarketsCompanies & industryCrispin Odeyhedge fundsindustry bansexual harassment allegations

RReutersOriginal★★☆☆☆2026-09-14 13:25

British hedge fund founder Odey loses appeal against industry ban
British hedge fund founder Odey loses appeal against industry ban
  • Crispin Odey loses appeal against industry ban

    Crispin Odey has lost his appeal against an industry ban, dealing another setback to the hedge fund founder’s efforts to repair his reputation after allegations of sexual harassment and assault.

    Crispin Odeyfinancial regulationsexual misconduct allegations

    FFinancial Times★★☆☆☆2026-09-14 12:42Original

China’s inbound tourism revenue projected to reach US$470 billion by 2040: UBS

UBS forecasts China’s inbound tourism revenue will reach US$470 billion by 2040, more than doubling its current economic share and helping offset weak domestic demand. The Swiss bank estimates travel from outside mainland China will grow at an 8.9% compound annual rate from 2025 to reach 1.5% of GDP.

Banking & financeCompanies & industryChina inbound tourismtourism revenueUBS

SSouth China Morning PostOriginal★★★☆☆2026-09-14 11:00

China’s inbound tourism revenue projected to reach US$470 billion by 2040: UBS
China’s inbound tourism revenue projected to reach US$470 billion by 2040: UBS

South Korean investors push for fourth crypto tax delay as regulators stand firm

A South Korean petition calling for a delay to the planned digital asset gains tax has reached the 50,000-signature threshold, prompting investors to seek a fourth postponement while regulators maintain their position.

Macro & central banksMarketsCryptoBanking & financeCompanies & industrySouth Koreacrypto taxdigital assetsregulation

TThe BlockOriginal★★☆☆☆2026-09-14 08:31

South Korean investors push for fourth crypto tax delay as regulators stand firm
South Korean investors push for fourth crypto tax delay as regulators stand firm

Asian Captive Conference 2026 Highlights Captive Insurance in Business Risk Management

The 8th Asian Captive Conference in Kuala Lumpur brought together more than 300 risk and industry professionals to examine how captive insurance can help businesses refine risk-management strategies in an uncertain, multifaceted operating environment. The event was co-organised by Labuan IBFC Incorporated.

Banking & financeCompanies & industrycaptive insurancerisk managementKuala Lumpur

SSouth China Morning PostOriginal★★☆☆☆2026-09-14 06:37

Asian Captive Conference 2026 Highlights Captive Insurance in Business Risk Management
Asian Captive Conference 2026 Highlights Captive Insurance in Business Risk Management

Dell’s DFO Management leads planned $7.7 billion take-private deal for Baldwin Insurance, FT reports

Dell CEO Michael Dell’s DFO Management is leading a planned $7.7 billion transaction to take insurance brokerage The Baldwin Insurance Group private, the Financial Times reported on Sunday.

Banking & financeCompanies & industryMichael Delltake-private dealinsurance brokerage

RReutersOriginal★★☆☆☆2026-09-14 02:30

Dell’s DFO Management leads planned $7.7 billion take-private deal for Baldwin Insurance, FT reports
Dell’s DFO Management leads planned $7.7 billion take-private deal for Baldwin Insurance, FT reports

Michael Dell’s family office nears deal to take $4.1bn insurance broker private

Michael Dell’s family office, DFO Management, is in advanced talks with Baldwin Group on a deal valued at $4.1bn to take the insurance broker private. The historically fragmented industry is undergoing a wave of consolidation.

MarketsBanking & financeCompanies & industryMichael DellDFO ManagementBaldwin Groupinsurance brokerageconsolidation

FFinancial TimesOriginal★★☆☆☆2026-09-13 22:14

Michael Dell’s family office nears deal to take $4.1bn insurance broker private

Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath

Coinbase is partnering with payments platform Moov to bring stablecoin services into the existing payments systems of community banks and credit unions. The institutions would remain the customer-facing relationship, while Coinbase supplies custody and transaction tools. Fees, revenue sharing, data access, compliance duties and operational risk remain undisclosed.

Macro & central banksCryptoBanking & financeCoinbasestablecoinscommunity bankspayments infrastructure

CCryptoSlateOriginal★★☆☆☆2026-09-13 19:10

Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath
Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath

PoliticsKey quotes from Xi Jinping's speech at Session II of 18th BRICS Summit

Chinese President Xi Jinping addressed Session II of the 18th BRICS Summit in New Delhi on Sunday, proposing five initiatives for “greater BRICS” cooperation covering AI, trade and investment facilitation, the digital industry, smart manufacturing and talent development. He said the grouping should draw on its links with emerging markets and the Global South, uphold openness and win-win cooperation, keep industrial and supply chains stable and unobstructed, and promote integrated markets.

BRICSXi JinpingGlobal Southinternational cooperation

CCGTNOriginal★★★★☆2026-09-13 13:09

Key quotes from Xi Jinping's speech at Session II of 18th BRICS Summit
Key quotes from Xi Jinping's speech at Session II of 18th BRICS Summit
  • Xi Jinping’s India visit tests whether China-India ties are thawing
    Xi Jinping’s India visit tests whether China-India ties are thawing

    Xi Jinping made his first visit to India in seven years for the BRICS summit and held a roughly 40-minute meeting with Narendra Modi. Analysts describe the shift in ties as a tactical easing driven partly by shared pressure, not a strategic reset, with border disputes unresolved. The summit’s New Delhi Declaration urged maximum restraint over the Iran war without naming the US, Israel or Iran.

    China-India relationsBRICS summitXi Jinping visitIran war

    BBBC Chinese★★★★☆2026-09-13 10:56Original
  • Key payment provisions sought by Russia included in BRICS declaration, Kremlin says

    Kremlin spokesman Dmitry Peskov said the BRICS summit’s final declaration incorporated provisions important to Russia, including joint settlement centers, a joint investment platform and a common platform for settlements in national currencies.

    BRICSRussiapayment systems

    TTASS★★★★☆2026-09-13 10:37Original
  • China, Russia and India push for inclusive global growth at BRICS
    China, Russia and India push for inclusive global growth at BRICS

    China, Russia and India called for inclusive global growth at the 18th BRICS Summit in New Delhi, where leaders also gathered for a family photograph.

    BRICSChinaRussiaIndia

    TTRT World★★★☆☆2026-09-13 10:32Original
  • China to host BRICS Forum on Trade in Services in 2027, Xi says

    China plans to host the BRICS Forum on Trade in Services in 2027 during its chairship of the group, President Xi Jinping said. He also proposed a BRICS special economic zone partnership to coordinate policies and promote open development and economic and trade cooperation.

    BRICStrade in servicesChinaeconomic cooperation

    TTASS★★★☆☆2026-09-13 10:25Original
  • Full text: Xi Jinping's speech at Session II of the 18th BRICS Summit
    Full text: Xi Jinping's speech at Session II of the 18th BRICS Summit

    Chinese President Xi Jinping told the second session of the 18th BRICS Summit in New Delhi that BRICS countries should rally the Global South, defend multilateralism, international law and the United Nations, reform global financial institutions, and deepen cooperation on development, security, climate governance and artificial intelligence.

    BRICS SummitXi JinpingGlobal Southmultilateralism

    CCGTN★★★★☆2026-09-13 10:17Original
  • Xi pushes 'Greater BRICS' economic ties to give bloc larger global role
    Xi pushes 'Greater BRICS' economic ties to give bloc larger global role

    Chinese President Xi Jinping unveiled initiatives on Sunday spanning areas including AI and trade to deepen cooperation among the “Greater BRICS” emerging economies. Beijing is seeking to turn the grouping into a practical platform for development across the Global South.

    BRICSChinainternational cooperation

    RReuters★★★★☆2026-09-13 08:50Original
  • Xi: China to continue advancing Belt and Road Initiative

    Chinese President Xi Jinping said at a meeting of BRICS leaders and partner countries that China will keep opening up, promoting high-quality Belt and Road cooperation and sharing development opportunities with countries around the world.

    ChinaBelt and Road InitiativeBRICS

    TTASS★★★☆☆2026-09-13 07:21Original
  • Xi proposes five initiatives for ‘greater BRICS’ cooperation
    Xi proposes five initiatives for ‘greater BRICS’ cooperation

    Chinese President Xi Jinping proposed five initiatives to deepen “greater BRICS” cooperation in AI, trade and investment facilitation, digital industries, smart manufacturing and talent development at the group’s summit in New Delhi. He also urged Global South countries to strengthen multilateralism, reform international institutions and advance global AI governance.

    BRICSXi JinpingGlobal Southartificial intelligence

    CCGTN★★★★☆2026-09-13 05:45Original
  • International observers look to China to advance ‘Greater BRICS’ cooperation
    International observers look to China to advance ‘Greater BRICS’ cooperation

    At the 18th BRICS Summit in New Delhi, Chinese President Xi Jinping urged members to lead innovation-driven development, uphold peace and stability, promote mutual learning among civilizations and improve global governance. Global South observers said China has played an important role in BRICS and expressed confidence that it will guide expanded cooperation toward deeper, higher-quality engagement. They also expect China’s 2027 chairmanship to consolidate the group’s enlarged framework.

    BRICSChinaGlobal Southglobal governance

    CCGTN★★★★☆2026-09-13 03:04Original

How BRICS pools development strength for high-quality cooperation

BRICS is using mechanisms including the New Development Bank to channel financing into infrastructure, clean energy and digital transformation across the Global South. The group has expanded its partnerships, while intra-BRICS merchandise trade rose from $84.2 billion in 2003 to $1.17 trillion in 2024. Xi Jinping urged members to promote a fairer international order.

Macro & central banksTrade & sanctionsBanking & financeBRICSGlobal SouthNew Development Bankeconomic cooperation

CCGTNOriginal★★★★☆2026-09-12 15:45

How BRICS pools development strength for high-quality cooperation
How BRICS pools development strength for high-quality cooperation
  • Full text of Xi Jinping's speech at Session I of the 18th BRICS Summit
    Full text of Xi Jinping's speech at Session I of the 18th BRICS Summit

    Chinese President Xi Jinping addressed the first session of the 18th BRICS Summit in New Delhi on September 12. He called on BRICS to stand on the right side of history and help make the international order fairer, while proposing a BRICS initiative on AI-empowered new industrialization and deeper cooperation in AI, research, applications and supply chains.

    BRICSXi JinpingGlobal Southartificial intelligence

    CCGTN★★★★☆2026-09-12 15:05Original
  • Xi Jinping's key quotes at Session I of 18th BRICS Summit
    Xi Jinping's key quotes at Session I of 18th BRICS Summit

    Chinese President Xi Jinping spoke at the first session of the 18th BRICS Summit in New Delhi on Saturday. He urged BRICS countries to stand on the right side of history, advance innovation-led development, protect peace and stability, promote mutual learning among civilizations and improve global governance toward a fairer international order and a shared future for humanity.

    BRICS SummitXi Jinpingglobal governance

    CCGTN★★★★☆2026-09-12 14:42Original
  • BRICS nations call for Palestinian representation in international organizations

    The Delhi Declaration adopted at the 18th BRICS summit calls for adequate Palestinian representation in all relevant international organizations and backs Palestine’s full UN membership. BRICS members reaffirmed that a just and lasting Israeli-Palestinian settlement can only come through peaceful means and recognition of Palestinians’ legitimate rights, including self-determination and return.

    BRICSPalestineUnited NationsIsraeli-Palestinian conflict

    TTASS★★★★☆2026-09-12 12:52Original
  • BRICS nations condemn attempts to politicize humanitarian aid to Palestinians

    The New Delhi Declaration says BRICS members are gravely concerned about conditions in Gaza and the West Bank. They condemned politicizing or militarizing humanitarian assistance, starvation as a method of warfare, attacks on civilians and civilian infrastructure, and obstruction of aid, while reaffirming support for UNRWA and calling for respect for Jerusalem’s religious sites and access rights.

    BRICSPalestinianshumanitarian aidGaza

    TTASS★★★★☆2026-09-12 12:43Original
  • Xi says BRICS is the world’s most influential platform for emerging-market cooperation

    Chinese President Xi Jinping said in New Delhi that BRICS has become the world’s most influential cooperation platform for emerging markets and developing countries. Addressing the first session of the 18th BRICS Summit, Xi urged members to deepen cooperation in areas including artificial intelligence, uphold peace and stability, and help make the international order more just and equitable.

    BRICSXi JinpingGlobal Southartificial intelligence

    CChina News Service★★★★☆2026-09-12 12:43Original
  • Xi says BRICS countries should stand firmly on the right side of history
    Xi says BRICS countries should stand firmly on the right side of history

    Chinese President Xi Jinping said at the 18th BRICS Summit in New Delhi that BRICS countries should stand firmly on the right side of history. He urged them to lead in innovative development, peace and stability, civilizational exchange and global governance, while steering the international order toward greater justice and equity and building a community with a shared future for humanity.

    BRICSXi Jinpingglobal governance

    CCGTN★★★★☆2026-09-12 12:25Original
  • BRICS adopts joint declaration, urges ‘maximum restraint’ over Middle East war
    BRICS adopts joint declaration, urges ‘maximum restraint’ over Middle East war

    BRICS members unanimously approved a joint declaration on Saturday voicing deep concern about the war in the Middle East. They called for maximum restraint and backed a multilateral approach that respects national perspectives.

    BRICSjoint declarationMiddle East war

    RReuters★★★★☆2026-09-12 12:25Original
  • BRICS nations call for stepped-up efforts to de-escalate Middle East tensions

    The Delhi Declaration adopted at the 18th BRICS summit says member states are deeply concerned about the continued escalation of tensions in the Middle East. Participants called for protecting civilians and civilian infrastructure, urged dialogue and diplomacy toward lasting regional peace, and stressed maintaining the smooth flow of global trade, supply chains and energy under international law.

    BRICSMiddle Eastdiplomacyregional security

    TTASS★★★★☆2026-09-12 12:24Original
  • BRICS to continue work on cross-border payment mechanisms and national currencies

    BRICS leaders said in the New Delhi Declaration adopted at the group’s 18th summit that they will continue developing cross-border payment mechanisms and promoting the use of national currencies. They called for further discussions aimed at practical payment solutions that are fast, low-cost, accessible, efficient, transparent and secure, while respecting national priorities and recognizing that no single approach fits all countries.

    BRICScross-border paymentsnational currencies

    TTASS★★★★☆2026-09-12 12:23Original
  • BRICS nations reiterate commitment to reforming global governance — declaration

    The New Delhi Declaration adopted at the 18th BRICS summit reaffirms the members’ commitment to reforming global governance through a fairer and more effective multilateral system. The states highlighted the UN’s central role and pledged to uphold multilateralism, multipolarity and international law, including the UN Charter.

    BRICSglobal governanceUnited Nations

    TTASS★★★★☆2026-09-12 12:14Original
  • BRICS nations adopt New Delhi summit declaration, Modi says

    The leaders of BRICS member states and governments adopted the New Delhi Declaration of the group’s 18th summit, Indian Prime Minister Narendra Modi announced. He said no member had raised objections and that the 2026 declaration was unanimously approved.

    BRICSNew Delhi summitdeclaration

    TTASS★★★★☆2026-09-12 11:39Original
  • China’s Xi urges BRICS to take on peacemaking role in Middle East war
    China’s Xi urges BRICS to take on peacemaking role in Middle East war

    Chinese President Xi Jinping urged BRICS to act as a peacemaker in the Middle East conflict during an address to the bloc’s summit in New Delhi on Saturday.

    BRICSXi JinpingMiddle East conflict

    RReuters★★★★☆2026-09-12 11:05Original
  • BRICS leaders meet in India as wars and US tensions test the bloc
    BRICS leaders meet in India as wars and US tensions test the bloc

    BRICS leaders are meeting in New Delhi for a summit centred on trade, investment and global conflicts. As wars and tensions with the United States challenge the bloc, it is seeking a larger role in shaping the global agenda for emerging and developing countries.

    BRICSIndiaglobal conflicts

    FFrance 24★★★★☆2026-09-12 10:29Original
  • Xi hails BRICS’ importance in fostering emerging markets’ cooperation
    Xi hails BRICS’ importance in fostering emerging markets’ cooperation

    Speaking at the 18th BRICS Summit in New Delhi, Xi Jinping said the group has become the world’s most influential platform for cooperation among emerging markets and developing countries. He urged members to deepen AI cooperation, uphold peace and stability, promote civilizational exchanges and help guide the international order toward greater justice and equity.

    BRICSXi JinpingGlobal Southinternational cooperation

    CCGTN★★★★☆2026-09-12 09:06Original
  • Trump may be BRICS’s best recruitment agent
    Trump may be BRICS’s best recruitment agent

    Donald Trump’s efforts to weaken BRICS through tariffs and economic pressure may instead encourage countries to reduce their dependence on US-centred markets, finance and the dollar. BRICS is not a unified anti-US alliance, but its diverse members are cautiously expanding local-currency trade and payment links to limit their exposure to American leverage.

    BRICSDonald TrumpUS dollarinternational trade

    AAl Jazeera★★★★☆2026-09-12 07:44Original
  • Wars in Ukraine and Iran set to dominate BRICS summit
    Wars in Ukraine and Iran set to dominate BRICS summit

    Leaders of the 11-member BRICS bloc are meeting in New Delhi on Saturday to expand economic cooperation and seek a larger role for emerging powers in global affairs. Wars in Ukraine and the Middle East are testing the group’s ability to stay united.

    BRICSNew DelhiUkraine warIran war

    FFrance 24★★★★☆2026-09-12 06:51Original
  • Infographics: BRICS in numbers

    The BRICS cooperation mechanism, formally launched in 2006, opened a new chapter in cooperation among major emerging economies. As the world undergoes profound changes, BRICS is amplifying Global South countries’ calls for better governance, greater security and the right to development.

    BRICSGlobal Southemerging economies

    CChina News Service★★★☆☆2026-09-12 05:40Original

Reforming IMF, World Bank and WTO long overdue — Putin

Russian President Vladimir Putin told the BRICS summit that the IMF, World Bank and WTO were created under entirely different political and economic conditions, making reform of global economic governance institutions long overdue. He said the institutions are struggling to adapt as business activity increasingly shifts toward emerging markets.

Trade & sanctionsBanking & financeVladimir PutinBRICSglobal economic governanceIMF

TTASSOriginal★★★★☆2026-09-12 11:45

Reforming IMF, World Bank and WTO long overdue — Putin

Wall Street is building tokenized deposits to lock in customer balances

Banks are developing tokenized deposits to make cross-border business payments faster and keep customers’ funds within their systems. DBS and Citi’s New York office reportedly completed a dollar payment between Singapore and the United States in minutes on Sept. 5 using SWIFT’s digital ledger. The approach could reduce costly prefunding, while helping banks protect currency-conversion and lending fees.

MarketsCryptoBanking & financetokenized depositscross-border paymentsbankingdigital finance

CCryptoSlateOriginal★★☆☆☆2026-09-12 10:30

Wall Street is building tokenized deposits to lock in customer balances
Wall Street is building tokenized deposits to lock in customer balances

Why Nasdaq surveillance cannot settle the fight over 24/7 tokenized markets

Nasdaq’s planned $100 million investment in Payward, Kraken’s parent, includes surveillance across crypto, equities, tokenized equities, futures and options. But the technology cannot determine how products should be classified under federal law. Citadel Securities has urged regulators to keep products linked to public companies within the SEC’s perimeter, highlighting how classification still controls listing routes, market access and investor protections.

MarketsCryptoBanking & financeNasdaqtokenized marketsmarket surveillanceregulatory classification

CCryptoSlateOriginal★★☆☆☆2026-09-12 01:45

Why Nasdaq surveillance cannot settle the fight over 24/7 tokenized markets
Why Nasdaq surveillance cannot settle the fight over 24/7 tokenized markets

Putin says Russia backs broader participation in BRICS bank’s work

President Vladimir Putin said Russia supports bringing more participants into the New Development Bank of BRICS. Meeting bank President Dilma Rousseff on the sidelines of the BRICS summit, he also cited Moscow’s proposal for investment and digital platforms to expand the bank’s capabilities.

MarketsTrade & sanctionsBanking & financeBRICSNew Development BankRussiainvestment platform

TTASSOriginal★★★☆☆2026-09-11 22:42

Putin says Russia backs broader participation in BRICS bank’s work
  • BRICS New Development Bank contributes to organization’s growth, Putin says

    Russian President Vladimir Putin said the BRICS New Development Bank is acting energetically and making a substantial contribution to the organization’s growth. He made the remarks during a meeting in New Delhi with bank President Dilma Rousseff.

    BRICSNew Development BankVladimir Putin

    TTASS★★★☆☆2026-09-11 21:04Original
  • Can BRICS reshape the global order by strengthening emerging economies?
    Can BRICS reshape the global order by strengthening emerging economies?

    Leaders of the 11 BRICS members are meeting in New Delhi as US tariffs and the seventh-month US-Israel war with Iran disrupt trade and energy supplies. The summit will test the bloc’s cohesion over Tehran’s call to condemn Washington and explore whether BRICS can expand the Global South’s influence in the world economy.

    BRICSNew Delhi summitGlobal SouthIran war

    AAl Jazeera★★★★☆2026-09-11 20:04Original

Canada’s new capital rule offers banks limited relief for cross-exchange crypto hedges

Canada’s banking regulator finalized a narrow 2027 rule change allowing qualifying Group 2a crypto positions on regulated exchanges to receive full capital recognition across venues when maturities match and hedging conditions are met. The measure does not broadly relax digital-asset risk treatment, and the 5% aggregate exposure cap remains.

CryptoBanking & financeCanadacryptocurrencybanking regulationcapital rules

CCryptoSlateOriginal★★☆☆☆2026-09-11 22:30

Canada’s new capital rule offers banks limited relief for cross-exchange crypto hedges
Canada’s new capital rule offers banks limited relief for cross-exchange crypto hedges

Circle to spend $400 million on Tazapay to solve stablecoins’ payout gap

Circle has proposed acquiring cross-border payments operator Tazapay for $400 million in Circle Class A stock. Tazapay’s banking and fintech connections, local payout rails and currency-conversion capabilities would help connect USDC and Circle’s payments network to recipients who need usable local money.

CryptoBanking & financeCircleTazapayStablecoinsCross-border payments

CCryptoSlateOriginal★★☆☆☆2026-09-11 19:05

Circle to spend $400 million on Tazapay to solve stablecoins’ payout gap
Circle to spend $400 million on Tazapay to solve stablecoins’ payout gap

Russian state reinsurer to receive new capital amid Ukrainian attacks

The Russian central bank will inject an additional 165 billion roubles ($1.96 billion) into the capital of a state-owned reinsurance company in September, Governor Elvira Nabiullina said, citing heightened risks of attacks and sabotage.

Banking & financeRussiareinsuranceUkrainian attacks

RReutersOriginal★★★☆☆2026-09-11 17:15

Russian state reinsurer to receive new capital amid Ukrainian attacks
Russian state reinsurer to receive new capital amid Ukrainian attacks

UK-backed debt coalition to push wider use of payment pause clauses

A UK-backed coalition focused on improving debt sustainability in developing countries said it would promote broader use of its newly designed debt pause clauses and its playbook for restructuring private loans, one year after the British government launched the initiative.

Macro & central banksBanking & financedebt sustainabilitydeveloping countriesdebt restructuring

RReutersOriginal★★★★☆2026-09-11 16:40

UK-backed debt coalition to push wider use of payment pause clauses
UK-backed debt coalition to push wider use of payment pause clauses

World Bank to provide Kenya with $400 million in emergency aid

Kenya is expected to receive about $400 million from the World Bank within six weeks to cushion its economy against fallout from the Middle East conflict, regional health threats and severe climate disruptions. The funds are intended to address high energy costs, El Niño-related damage and possible pressure on the health sector from the regional Ebola crisis.

Banking & financeKenyaWorld Bankemergency aideconomic shocks

CCGTNOriginal★★★☆☆2026-09-11 14:39

World Bank to provide Kenya with $400 million in emergency aid
World Bank to provide Kenya with $400 million in emergency aid

WorldHow BRICS creates new opportunities for Global South development

BRICS cooperation is presented as creating practical opportunities for the Global South through renewable energy, cross-border digital platforms, a proposed grain exchange and a stronger role for developing countries in AI governance. The 18th BRICS Summit will be held in New Delhi on September 12-13, with Chinese President Xi Jinping attending at Indian Prime Minister Narendra Modi’s invitation.

BRICSGlobal SouthdevelopmentNew Delhi summit

CCGTNOriginal★★★★☆2026-09-11 12:35

How BRICS creates new opportunities for Global South development
How BRICS creates new opportunities for Global South development
  • BRICS is building a bank for the Global South
    BRICS is building a bank for the Global South

    The New Development Bank plans to raise the share of projects financed in local currencies from 30% to more than 45% by 2031. Established by Brazil, Russia, India, China and South Africa, the bank has approved 139 projects worth about $42.9 billion and is expanding into green infrastructure, digitalization and AI to reduce developing countries’ reliance on the US dollar.

    BRICSNew Development BankGlobal Southlocal-currency financing

    CCGTN★★★★☆2026-09-11 10:31Original
  • Poll: Six in 10 respondents see BRICS playing a growing role in global affairs
    Poll: Six in 10 respondents see BRICS playing a growing role in global affairs

    A CGTN survey of 12,250 people in 41 countries, conducted as the 18th BRICS Summit begins, found that more than six in 10 respondents believe the bloc has become more influential in international affairs. Sixty-three percent approved of its contribution to global governance, while 61.6% said expanded BRICS cooperation could make the international order fairer. Support for local-currency settlement and a more diversified monetary system reached 65.6%.

    BRICSglobal governanceGlobal Southinternational finance

    CCGTN★★★☆☆2026-09-11 09:07Original

RDIF, BRICS Pay and BRICS Pay India to jointly develop cross-border payments

The Russian Direct Investment Fund, BRICS Pay JSC and BRICS Pay India agreed to develop the BRICS Pay project in India and cooperate on cross-border payments within the BRICS framework. The partners will explore links with India’s payment infrastructure, prepare pilot projects and consider using national currencies to support trade and investment flows.

Macro & central banksTrade & sanctionsBanking & financeBRICScross-border paymentsIndiafinancial infrastructure

TTASSOriginal★★★☆☆2026-09-11 12:31

RDIF, BRICS Pay and BRICS Pay India to jointly develop cross-border payments

Hang Seng rolls out five wealth management strategies

Hong Kong’s wealth management landscape has moved beyond single-product investing, with more families adopting integrated planning to strengthen financial resilience, maintain lifestyle continuity and support long-term stewardship across generations. Hang Seng Bank is responding with five wealth strategies, including optimising its service network and focusing more on family wealth planning.

MarketsBanking & financewealth managementHang Seng BankHong Kong

SSouth China Morning PostOriginal★★☆☆☆2026-09-11 08:00

Hang Seng rolls out five wealth management strategies
Hang Seng rolls out five wealth management strategies

Jamie Dimon joins bankers lobbying the UK ahead of its critical budget — here’s why they’re worried

Bankers, including Jamie Dimon, are pressing the British government ahead of its Autumn Budget. The newly installed leadership is expected to set out Britain’s fiscal plans in the budget, prompting concern among the banking community.

Macro & central banksBanking & financeUK budgetbankingfiscal policy

CCNBCOriginal★★★☆☆2026-09-11 07:03

Jamie Dimon joins bankers lobbying the UK ahead of its critical budget — here’s why they’re worried
Jamie Dimon joins bankers lobbying the UK ahead of its critical budget — here’s why they’re worried

Hong Kong draws back talent as IPO boom fuels financial hub revival

Hong Kong is attracting professionals back as a booming IPO market helps the city regain ground as a global financial hub, reversing the talent exodus that followed the political and social unrest of 2019 and some of the world’s strictest COVID restrictions.

MarketsEnergy & commoditiesBanking & financeHong KongIPOsfinancial hubtalent return

RReutersOriginal★★★☆☆2026-09-11 06:50

Hong Kong draws back talent as IPO boom fuels financial hub revival
Hong Kong draws back talent as IPO boom fuels financial hub revival

Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears

A worldwide bond selloff sent the U.S. 10-year Treasury yield close to the closely watched 5% threshold on Friday. Investors were rattled by inflation fears after oil prices surged well above $100 a barrel and by growing expectations of a near-term U.S. rate hike.

Macro & central banksMarketsEnergy & commoditiesglobal bondsUS Treasuriesoil pricesinterest rates

RReutersOriginal★★★★☆2026-09-11 06:15

Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears
Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears

Haidilao stock rout exposes risks from Beijing’s tax crackdown as payment day looms

Turmoil at Chinese hotpot operator Haidilao International may warn investors about risks from Beijing’s new tax regime for wealthy individuals’ overseas assets. A planned sale of 259 million shares, or 4.65 per cent, by co-founder Shu Ping, wife of chairman Zhang Yong, sent the stock down 10 per cent in Hong Kong this week.

Macro & central banksMarketsBanking & financeHaidilaoChina taxationoverseas assets

SSouth China Morning PostOriginal★★★☆☆2026-09-11 06:00

Haidilao stock rout exposes risks from Beijing’s tax crackdown as payment day looms
Haidilao stock rout exposes risks from Beijing’s tax crackdown as payment day looms

Germany pushes for Commerzbank listing as UniCredit seeks takeover, sources say

Berlin will press Commerzbank to preserve its German identity through a domestic stock-market listing and to protect jobs, two people familiar with the matter said, as Italy’s UniCredit prepares to take over the bank.

MarketsBanking & financeCompanies & industryCommerzbankUniCreditGerman banking

RReutersOriginal★★★☆☆2026-09-11 05:45

Germany pushes for Commerzbank listing as UniCredit seeks takeover, sources say
Germany pushes for Commerzbank listing as UniCredit seeks takeover, sources say

Why are European banks moving their gold out of the US?

The Netherlands and France have shifted gold out of US vaults amid concerns about access during a crisis and confidence in US reliability. The Dutch central bank cited geopolitical unrest and crisis preparedness, while France said its move was not politically motivated. Central banks are increasingly weighing where reserves are stored as well as what they hold.

Energy & commoditiesBanking & financegold reservesEuropean banksUnited Statesgeopolitics

DDWOriginal★★★☆☆2026-09-11 05:17

Why are European banks moving their gold out of the US?
Why are European banks moving their gold out of the US?

China-Brazil cooperation drives wind power expansion in Brazil

Brazil is a global leader in renewable electricity, but demand continues to rise. In the northeastern state of Paraíba, one of the country’s newest large-scale wind projects was built with financing from the New Development Bank, also known as the BRICS Bank.

Energy & commoditiesBanking & financeBrazilChina-Brazil cooperationwind powerNew Development Bank

CCGTNOriginal★★☆☆☆2026-09-10 21:07

China-Brazil cooperation drives wind power expansion in Brazil
China-Brazil cooperation drives wind power expansion in Brazil

Visa’s $2.5 billion crypto credit bet puts card settlement financing onchain

Visa is working with onchain credit protocol Credit Coop to use revolving stablecoin facilities to cover the recurring gap between card-program settlement obligations and later customer payments. Smart contracts manage draws and repayments, while Visa’s authorized settlement files support underwriting and facility sizing. Visa says the model has financed more than $2.5 billion in cumulative settlement volume since 2023 with no defaults.

CryptoBanking & financeVisacrypto creditstablecoinsonchain finance

CCryptoSlateOriginal★★☆☆☆2026-09-10 20:00

Visa’s $2.5 billion crypto credit bet puts card settlement financing onchain
Visa’s $2.5 billion crypto credit bet puts card settlement financing onchain

Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps

The European Securities and Markets Authority said event contracts could be covered by existing EU bans on binary options, crypto-asset rules such as MiCA or national gambling laws, warning that authorization gaps may exist for Polymarket and Kalshi in the bloc.

CryptoBanking & financeprediction marketsEU regulationPolymarketKalshi

CCoinDeskOriginal★★☆☆☆2026-09-10 17:03

Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps
Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps

Monument Bank delays retail tokenized deposits over UK regulatory issues

London-based challenger bank Monument Bank has delayed the launch of retail tokenized deposits, citing regulatory issues in the UK. It hired a Canadian custodian to meet Financial Conduct Authority requirements and now expects to roll out the product by November.

CryptoBanking & financeCompanies & industryMonument BankTokenized depositsUK regulation

CCoinDeskOriginal★★☆☆☆2026-09-10 15:53

Monument Bank delays retail tokenized deposits over UK regulatory issues
Monument Bank delays retail tokenized deposits over UK regulatory issues

MoneyGram unveils stablecoin-backed card for everyday spending

MoneyGram is rolling out a Visa card that allows customers to hold dollars and spend from a balance backed by stablecoins, bringing digital dollars into routine purchases.

CryptoBanking & financeMoneyGramstablecoinsVisadigital payments

CCoinDeskOriginal★★☆☆☆2026-09-10 14:30

MoneyGram unveils stablecoin-backed card for everyday spending
MoneyGram unveils stablecoin-backed card for everyday spending

SEC gives Bitcoin-heavy trusts a new 15% window beyond listing rules

The SEC approved a Nasdaq Texas rule allowing qualifying commodity-linked trusts to place up to 15% of their exposure in specified digital commodities or securities that fail existing eligibility tests, while permitting active management. At least 85% must remain in cash, commodities or other qualifying assets, and sponsors must check compliance daily. The change streamlines listings but does not approve any particular fund.

MarketsCryptoBanking & financeSECNasdaq TexasBitcoin trustscrypto ETFs

CCryptoSlateOriginal★★☆☆☆2026-09-10 12:50

SEC gives Bitcoin-heavy trusts a new 15% window beyond listing rules
SEC gives Bitcoin-heavy trusts a new 15% window beyond listing rules

Hong Kong watchdog investigates Cloudbreak Pharma over ‘rigged’ IPO, suspends shares

Hong Kong’s Securities and Futures Commission has ordered the stock exchange to halt trading in US biotech firm Cloudbreak Pharma while it investigates the company’s US$78 million IPO last year. The regulator said it has serious concerns that the offering may have been rigged to create an artificial appearance of demand for the shares.

MarketsBanking & financeCompanies & industryHong KongCloudbreak PharmaIPOregulatory investigation

SSouth China Morning PostOriginal★★☆☆☆2026-09-10 10:08

Hong Kong watchdog investigates Cloudbreak Pharma over ‘rigged’ IPO, suspends shares
Hong Kong watchdog investigates Cloudbreak Pharma over ‘rigged’ IPO, suspends shares

India to push BRICS digital currency link despite hurdles, sources say

India plans to advocate linking central bank digital currencies across BRICS countries for cross-border payments at a summit later this week, two people familiar with the discussions said. They cautioned that political and technical obstacles could constrain progress.

Macro & central banksMarketsTrade & sanctionsBanking & financeIndiaBRICScentral bank digital currenciescross-border payments

RReutersOriginal★★★★☆2026-09-10 09:10

India to push BRICS digital currency link despite hurdles, sources say
India to push BRICS digital currency link despite hurdles, sources say

China unveils plan to build financial powerhouse, targets stronger capital market by 2030

A State Council Information Office briefing outlined measures under the 15th Five-Year Plan to strengthen financial oversight, prevent risks and support high-quality development. Authorities plan to address risks at small and medium-sized institutions and accelerate a new round of capital-market reform and opening-up, aiming to establish a stronger development pattern by 2030.

MarketsBanking & financeChina financecapital marketsfinancial regulation

CChina News ServiceOriginal★★★☆☆2026-09-10 08:41

China unveils plan to build financial powerhouse, targets stronger capital market by 2030

UBS to end fund sales on a China wealth platform amid intense competition

UBS plans to shut its fund-distribution business on one of its mainland China wealth-management platforms. UBS Fund Distribution (Shenzhen) will stop fund sales, including subscriptions and switches, at the end of September, while the bank says it remains committed to China and will continue investing.

MarketsBanking & financeCompanies & industryUBSChina marketfund saleswealth management

SSouth China Morning PostOriginal★★☆☆☆2026-09-10 08:12

UBS to end fund sales on a China wealth platform amid intense competition
UBS to end fund sales on a China wealth platform amid intense competition

US regulator says FICO is raising costs for borrowers

U.S. federal housing regulator Bill Pulte said on Wednesday that credit scoring company FICO was improperly keeping consumer costs high. His agency is studying changes to how credit reports are used to reduce borrowing costs.

MarketsBanking & financeFICOcredit scoringborrowing costs

RReutersOriginal★★★☆☆2026-09-09 22:00

US regulator says FICO is raising costs for borrowers
US regulator says FICO is raising costs for borrowers