A new report reveals how large banks abandoned fair access standards in favor of a Chinese-style social credit system, denying financial services to Christians, pro-lifers, conservatives, and businesses in politically disfavored industries. Imagine a world where you can’t get a…
Prime Big Deal Days Right now, the best rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.76%. However, the average for the top high-yield CDs is 4.92%, according to…
Revolut has completed the registration of its Austrian banking branch and plans to launch it in 2027. The company is now building out the local operation. Once the branch is live, customers in Austria will receive a local IBAN. With it,…
Our strategy 2025 to 2030 Our vision and priorities for the next 5 years. Our annual Regulatory Priorities reports provide specific key priorities for each sector. Annual Public Meeting 2026 Tuesday 6 October 2026, Edinburgh and online See our current open consultations and the deadlines for…
Prime Big Deal Days However, with the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it’s important to choose wisely when looking for a place to park your cash. High-yield savings accounts offer a way to…
The cuts were announced internally in recent weeks, according to people familiar with the matter. The reductions were carried out across the bank’s units, including wealth management and investment banking, they said. A spokesperson for UBS declined to comment. This…
Futures and options on butter and skimmed milk powder now trading. ZURICH, Nov 5 (Reuters) - If UBS were to leave Switzerland, the consequences for tax revenues and Swiss companies would be severe, Carmen Walker Spaeh, Zurich's economic affairs chief and current…
A foreign bank branch in the UAE has been fined Dh200 million after regulators uncovered repeated compliance failures. Its CEO and compliance head also face individual penalties, while the Central Bank has ordered mandatory corrective action. The UAE Central Bank has…
This differs from the agent models that spread banking in Kenya and Nigeria. Their frameworks, introduced in 2010 and 2013 respectively, allow agents to take deposits and pay out cash. The narrow Egyptian scope limits the risks that come with handling cash,…
TradingView Large Lenders Come Together to Mount a Defence to AI Threats To pool resources and expertise Joel Rebello Mumbai: Large commercial lenders, led by the State Bank of India (SBI), are working on a comprehensive plan to create a…
Capital rules and Basel III, stress tests, the FDIC, OCC and Fed bank supervision, debanking and the deregulation of banks.
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