President Donald Trump on Thursday signed an executive order that seeks to guarantee fairness in banking for all U.S. citizens by cracking down on “debanking,” which refers to financial institutions that discriminate against customers based on political or ideological beliefs. The directive comes after Trump claimed on Tuesday that several bank executives were big fans
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. UBS has withdrawn from the United Nations-backed Net-Zero Banking Alliance, the bank announced Thursday. The bank is the latest to depart the climate group, following a flurry of exits from North American and
XRP price has been sitting close to the make-or-break level of $3. It trades at $3.07 today, August 7, with a 4.75% increase in 24 hours. This surge comes after Ripple’s application for a banking license was made public, and a fresh $200M acquisition deal happened. Meanwhile, an analyst says that the price can get
Noelle Acheson highlights how last week’s White House crypto document and the SEC’s announced Project Crypto are not just about supporting digital assets — they’re also about an overhaul of traditional finance.Adobe Stock Last week was a watershed in the evolution of the U.S. digital asset ecosystem, with two high-level official statements on next steps
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In the fast-paced world of entrepreneurship, managing finances efficiently can be the difference between thriving and merely surviving. Fintech solutions are revolutionising how small and medium-sized enterprises (SMEs) handle their money, with features like seamless currency conversions, secure digital signing, and automated tax handling. These digital banking tools integrate advanced technology to simplify cash flow
Artificial intelligence poses a curious paradox for financial institutions. To leverage AI’s full potential, bankers must first build their own trust in the technology. Many struggle with the mental leap: to trust a machine to improve human interactions. I often tell skeptical executives that, ironically, bankers must create trust with AI to deepen trust with
Facebook Tweet Email Link New York — President Donald Trump signed an executive order Thursday that aims to punish banks for restricting services to customers based on their political or religious beliefs, formalizing “debanking” protections that conservatives and crypto industry advocates have been pushing for. The order directs federal banking regulators to remove the “reputation
TD Bank has named a new head of U.S. small-business banking, doubling down on that part of its American operations as it backs away from others. On Wednesday, the Toronto-based bank announced the creation of the new role and also revealed who will fill it. The inaugural head of the department is Chris Ward, who
LOS ANGELES, CA / ACCESS Newswire / August 6, 2025 / Osher International Banking & Trust, a global leader in private banking and trust services, today announced a significant capital commitment of $2 billion USD for expanded project funding, reaffirming the firm’s commitment to support transformative initiatives across multiple sectors. The announcement was made by