Cathay United Bank has collaborated with Avaloq to establish the first onshore private bank within Taiwan’s newly launched Asset Management Hub in Kaohsiung. This partnership utilises Avaloq’s core banking technology to improve operational efficiency and client service. The Financial Supervisory Commission (FSC) introduced the hub to foster growth in Taiwan’s wealth management sector. It will
One of the state’s largest credit unions is celebrating the opening of a new main branch in a major Connecticut business district. Dutch Point Credit Union has a new branch at the Goff Brook Shops on the Silas Deane Highway in Wethersfield. The branch, at 1269 Silas Deane Highway, is three miles from the former
Goldman Sachs Profit Surges, Powered by Trading, Investment Banking Revenue JPMorgan and Citigroup on Tuesday reported higher revenue from trading and investment banking. —- Bank of America Reports Increase in Second-Quarter Profit Bank of America’s profit increase in the second quarter of 2025, which the bank chalked up to a healthy economy. —- Morgan Stanley
UBS has rehired Masazumi Toriyama to lead its Global Banking division in Japan, signaling a renewed push into the country’s booming investment banking market. According to an internal memo seen by Reuters and confirmed by the bank on Wednesday, Toriyama will assume the role on August 4, taking over from interim head Yasunori Saku, who
JPMorgan, Citigroup, Wells Fargo increase investment banking revenues Banks cautious about economic environment and tariffs Optimism grows for resumption of deals after earlier slowdown (Updates quotes, adds share prices) By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK, July 15 (Reuters) – Large U.S. banks expressed optimism about the investment banking outlook for the
The bipartisan passage of the GENIUS Act marked a watershed moment for American financial innovation, promising to close regulatory gaps, protect consumers, and secure the U.S. dollar’s dominance in the digital economy by establishing a clear framework for stablecoin regulation. Yet, the transformative potential of this landmark legislation is now at risk. Without the implementation
Abraham Tachjian to serve as Brim’s regulation chief as federal open banking framework remains in progress. Abraham Tachjian, the former federally appointed lead on Canada’s efforts to institute open banking, has now joined Toronto-based FinTech startup Brim Financial as its chief regulatory affairs officer. “It was clear to me early on that Brim wasn’t
NEWYou can now listen to Fox News articles! AI chatbots are quickly becoming the primary way people interact with the internet. Instead of browsing through a list of links, you can now get direct answers to your questions. However, these tools often provide information that is completely inaccurate, and in the context of security, that
The modern bank branch is not a museum piece. It is a platform. And in the hands of forward-thinking leaders, it is ready to lead the next era of the banking industry’s evolution.Adobe Stock In the race to digitize banking, too many institutions have been quick to dismiss the retail branch as obsolete. It is
Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday. The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures. The announcement comes at a time when stablecoins, or cryptocurrencies tied to an