Japanese banking giant Mizuho has tested its digital currency developed in partnership with IBM Japan to reduce costs of money transfers, a report has revealed. The Mizuho Financial Group-IBM ... Read More
The Monetary Authority of Singapore (MAS) announced today that it has imposed financial penalties of S$5.2 million and S$2.4 million respectively on Standard Chartered Bank, Singapore Branch (SCB) and ... Read More
Of all the cities lining up to poach London’s business post-Brexit, Vilnius might seem the most unlikely. Yet the Lithuanian capital has much to offer financial firms, from liveability ... Read More
Pyrenees principality approves automatic sharing of information on accounts held by non-residents from EU countries Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality, approving ... Read More
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay approximately $780,000 in ... Read More
Several of the Bank’s businesses are participating in the startup’s first funding round, for a total stake of €1.3 million The BNP Paribas Group, via its French Retail Banking; BNP Paribas ... Read More
Asian stocks tried to stabilize after a rocky November month drew to a close, but Wednesday’s session brought new anxieties as Chinese equities and commodities tanked amid worries that ... Read More
The dollar clawed back some losses on Tuesday as Italian political woes weighed on the euro, though the greenback remained shy of recent highs after U.S. Treasury yields stepped ... Read More
Barclays has completed the sale of its Wealth and Investment Management (WIM) business in Singapore and Hong Kong to Bank of Singapore Limited, the wholly-owned private banking subsidiary of ... Read More
Tesco Bank became victim to an online hack with customers complaining they had money stolen from their accounts, its chief executive said. Benny Higgins said some current accounts had ... Read More
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