banks

Money-market fund assets reached a new all-time high this week as interest rates above 5% continue to attract investors at a time when the Federal Reserve appears determined to keep rates elevated for some time.About $14 billion poured into…

Binance, the largest cryptocurrency exchange in terms of trading volume, stopped offering its Russian clients the option to pay through five sanctioned banks on its peer-to-peer (P2P) crypto trading platform, the Wall Street Journal…

At least two major crypto exchanges followed Binance in excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit…

A piece from Reuters citing various sources, some unnamed. Last week the People's Bank of China left its key indicative mortgage rate, the 5 year LPR unchanged, against widespread expectations of a cut:Despite leaving the 5yr untouched,…

Switzerland’s Financial Market Supervisory Authority (FINMA) conducted an in-depth review of the money laundering risk analyses of over 30 Swiss banks during the spring of this year and found many did not meet the basic requirements for…

Binance aided peer-to-peer (P2P) crypto transfers among Russians using at least five banks sanctioned by Western governments after Russia launched a full-scale invasion of Ukraine last year, the Wall Street Journal reported today (Tuesday).…

(Reuters) - S&P Global on Monday cut credit ratings and revised its outlook for multiple U.S. banks, following a similar move by Moody's, warning that funding risks and weaker profitability will likely test the sector's credit…

© Reuters. FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China's major state-owned banks were seen…

© Reuters. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI (Reuters) -China's major state-owned banks were seen busy selling…

The banking sector is being warned it faces penalties if it does not secure free access to cash for the UK population, including businesses, following waves of branch closures over more than a decade. The Financial Conduct Authority…