Read the latest news from regional and global sources, presenting different voices and perspectives.
US House panel subpoenas JPMorgan, Bank of America CEOs over IPO of China's CATL
Yahoo Finance
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WASHINGTON (Reuters) -The U.S. House of Representatives Select Committee on China said on Thursday it sent subpoenas to JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan over their roles in underwriting the initial public...
Societe Generale Expands Crypto Exposure via ETP Support in Europe
Crypto Economy
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July 24, 2025
TL;DR Societe Generale partners with 21Shares to provide liquidity and market-making services for 21Shares’ Bitcoin and Ether ETPs in Germany and Eastern Europe. The partnership aims to improve liquidity and institutional access to regulated...
Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might
Benzinga
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July 24, 2025
Bank of America BAC views the recently signed GENIUS Act as a pivotal step in shaping stablecoin regulation in the U.S., setting the stage for broader tokenization in finance. What Happened: In a research note last week, the bank’s analysts said...
JPMorgan exec ditches Wall Street for private equity
Financial Review
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July 24, 2025
Wentworth Capital, a private equity property player with $2.5 billion under management, has pinched JPMorgan executive director Josh Peel. Private equity real estate firm Wentworth Capital plays in last mile logistics, residential and life...
Banks Opticians expands with merger deal
Business Live
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July 24, 2025
An independent optician which launched its third branch in Knowle last year has expanded through a merger deal. Banks Opticians opened in a former art gallery in the town's High Street 15 months ago and has now acquired local business Bannister...
Banking system flush with funds, consumers yet to make a splash
The Economic Times
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July 24, 2025
Mumbai: Banking system funds in liquid demand deposits-often seen as a proxy for cash-more than doubled to ₹3.79 lakh crore at the end of the June quarter, indicating significant liquidity in both the lending mechanism and the real economy....
JPMorgan reiterates conviction on overweight-rated Aberdeen
ShareCast
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"In particular, we would like to stress our expectation of a substantial improvement in flows within the Adviser vector, driven by a combination of stronger gross flows and especially lower redemptions," the bank said. "Aberdeen has in the past...
JPMorgan juggernaut: Bank now larger than 3 biggest rivals combined
The Dallas Morning News - Texas
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July 24, 2025
JPMorgan Chase & Co. keeps putting more distance between itself and key rivals. The first half saw the bank’s market value surpass that of its three largest competitors — BofA, Citigroup and Wells Fargo — combined. It racked up $30 billion of...
JPMorgan, Bank of America subpoenaed by House over Chinese IPO - report
Markets Insider
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Victor Golmer/iStock Editorial via Getty Images A House committee focusing on the national security threat posed by China demanded that JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) produce documents related to their roles in a huge...
JPMorgan traders still see ‘significant step higher’ for US equities
Financial Review
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July 24, 2025
New York | The S&P 500 Index’s record-setting spree may be stoking concerns about inflated share prices and a revival of meme-stock froth, but JPMorgan Chase & Co’s trading desk isn’t concerned. Rather, it expects the furious rally in US equities...
Deutsche Bank And Largest French Lender Top Views. Stocks Outpace U.S. Market.
Yahoo Finance
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After major U.S. banks reported generally positive Q2 earnings, investors now turn their attention to see if European banks can match. The first movement of that composition comes Thursday, when Deutsche Bank and BNP Paribas announce results. The...
Deutsche Bank Surges as Its Traders Ride Market Volatility
Mint
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July 24, 2025
Deutsche Bank AG’s share price soared as its fixed-income traders joined Wall Street peers in reaping the profits from market volatility. Revenue at the German lender’s securities unit in the second quarter rose 11% to €2.28 billion from a year...
HKMA Fines Three Banks HK$16.2 Million Over Anti-Money Laundering Failures
Fintech Hong Kong
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July 24, 2025
Free Newsletter Get the hottest Fintech Hong Kong News once a month in your Inbox The Hong Kong Monetary Authority (HKMA) announced that it had concluded investigations and disciplinary proceedings under the Anti-Money Laundering and...
Societe Generale to make markets in 21Shares Bitcoin, Ether ETPs
Coin Telegraph
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Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets. As part of the...
Here's why UAE banks will stop sending OTPs via texts and email
The National News
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Customers of UAE banks will no longer receive one-time passwords for online financial transactions through SMS and email starting on Friday, according to messages seen by The National. Instead of the passwords, or OTPs, customers will have to...
UK’s NS&I to replace core banking system with cloud-native platform
Global Government Fintech
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July 24, 2025
UK government-owned savings bank NS&I (National Savings & Investments) is to upgrade its core banking system with a digital, ‘cloud-native’ platform provided by SBS, a France-headquartered financial technology company. NS&I – an arm’s length body...
Beyond Legacy: How APAC Banks Can Leverage SaaS to Compete and Collaborate
Fintech News
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July 23, 2025
Free Newsletter Get the hottest Fintech Singapore News once a month in your Inbox As the global banking sector moves rapidly to embrace SaaS, APAC institutions face a tougher path. Legacy systems, complex regulatory environments and regional...
Scams, mule accounts top threats to Apac banks
The Sun Daily
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July 24, 2025
PETALING JAYA: A new industry poll by global analytics software leader Fico has found that scams and mule accounts have become the dominant threats facing banks across the Asia-Pacific (Apac). Seven in 10 (69%) senior banking executives identified...
Discover Bank review 2025: Straightforward banking with extremely few fees
Fortune
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Two of the most valuable attributes you’ll find with a good bank are simplicity and transparency regarding fees. Discover Bank does this better than just about anyone. Pair those features with lucrative annual percentage rates (APY) and there’s a...
Nevada AG Ford backs federal cannabis banking reform in bipartisan push
KRNV - Nevada
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CARSON CITY, Nev. — Nevada Attorney General Aaron D. Ford has joined a bipartisan coalition of attorneys general urging Congress to pass the SAFER Banking Act of 2025. The coalition submitted a letter to congressional leaders advocating for...