bank News
Banks are adapting to a financial landscape shaped by blockchain, digital currencies, and fintech innovation. Bank news covers regulatory policies, institutional crypto adoption, and the challenges of integrating decentralized finance. As central banks explore digital currencies, the role of traditional banking continues to evolve.
Latest bank News
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The UK government has appointed six banks to lead its first digital gilt issuance, with the pilot expected by the first quarter of 2027. HM Treasury announced on Oct. 6 that Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital…
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Solana Foundation launched an open-source DvP program that settles asset and payment legs together, with JPMorgan providing settlement input.
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Rain has applied for a U.S. trust bank charter to custody digital assets, manage stablecoin reserves and issue dollar-backed stablecoins.
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Absa has become Africa’s first bank to offer Bitcoin custody, with BTC making up the largest share of assets held through its institutional service. Bloomberg reported on Oct. 2 that the Johannesburg-based lender is providing digital asset custody to institutional…
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UK financial institutions have identified faster settlement as tokenization’s biggest benefit, with 71% expecting the technology to reshape financial services. Lloyds Banking Group said in its Oct. 2 release, that its tenth annual Financial Institutions Sentiment Survey questioned 100 senior…
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Fideuram lost millions after a fake CEO message and AI-cloned voice triggered €95M in transfers, with funds traced into Bitcoin wallets.
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Fiserv launches its digital asset platform with Roughrider Coin, giving 90+ North Dakota banks and credit unions access to tokenized settlement.
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The Congressional Research Service has identified 11 categories of crypto activities that the Senate-reported CLARITY Act would permit for U.S. banking organizations and credit unions, including digital asset underwriting and dealing. The Congressional Research Service published its analysis, “Crypto and…
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Coins.ph users cannot add pesos through InstaPay or PESONet after BSP restricted DCPay’s inbound transfers, while cash-outs remain operational.
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Citi has expanded its blockchain based Token Services into Japan, giving institutional clients access to 24/7 US dollar transfers at a time when Japanese banks and companies are building stablecoins for some of the same payment uses. According to Citi,…
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KB Kookmin Bank has partnered with BNY on cross-border digital payments as it becomes an early user of BNY’s new Pay-to-Wallet service.
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Chainlink is connecting banks to Swift’s blockchain ledger through CRE, supporting tokenized deposits and 24/7 cross-border payment workflows.
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Citigroup has pushed its forecast for the Federal Reserve’s next interest rate cut to June 2027 after stronger US jobs data reduced concerns over the labor market, leaving Bitcoin and the crypto market facing the prospect of higher borrowing costs…
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LayerZero says regulated stablecoins are key to institutional adoption after Anchorage selected its OFT standard for cross-chain issuance.
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Canada’s six largest banks have formed a joint project to test transfers of tokenized Canadian-dollar deposits between regulated financial institutions. TD Bank has announced that Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of…
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SoFi Technologies has moved its entire $25 billion card program to blockchain based settlement using SoFiUSD as its bank issued stablecoin goes live across Mastercard’s global payments network. According to a joint announcement from SoFi and Mastercard on Sept. 22,…