European Commission

Three major Banks fined €485 million for Euribor fix cartel

The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks ... Read More
Monte dei Paschi bank

Italy has requested possible Monte dei Paschi bailout

Italy is discussing with the European Commission the terms of a state bailout of ailing bank Monte dei Paschi (BMPS.MI: Quote) that has already been requested and could be ... Read More

Goldman Sachs Drops Out of R3 Blockchain Group

Goldman Sachs Group Inc. has dropped out of the R3 CEV LLC blockchain group. The investment bank was one of nine original members of R3, founded in 2014 to explore the ... Read More
emerging currencies

Sweden could soon be the first country in the world to have its own digital currency

Sweden’s central bank is looking into launching its own digital currency, it has revealed. If the e-krona is indeed launched, it would make the Riksbank the first major central ... Read More

42 Banks Join New Japanese Blockchain Consortium

42 banks are joining a newly-created Japanese blockchain consortium to enhance the cross-border payment industry. The consortium will focus on research and development, and will cover domestic and foreign ... Read More

London banks are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals

THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber ... Read More

Blockchain platform developed by Banks to be Open-Source

A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the ... Read More

Microsoft and Brazilian lender are investing together in financial technology startups

Microsoft Corp (MSFT.O) and Brazilian lender Banco Votorantim are investing together in financial technology startups, executives said in a Monday interview, as the U.S. tech company adds a new ... Read More

China’s yuan sinks to six-year low, then erases losses

China’s yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a ... Read More

FCA proposes new measures to maintain firms’ focus on culture

The Financial Conduct Authority (FCA) will mark six months since the implementation of the Senior Managers’ and Certification Regime by providing feedback on implementation so far and proposing measures ... Read More
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