August 12, 2025

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Banking

Financial regulators need clarity from Trump administration, banking industry head says

  • August 10, 2025

Open this photo in gallery: Trump’s administration has been slashing rules for financial institutions, claiming the cuts will bolster economic growth and revive innovation.Nathan Denette/The Canadian Press Anthony Ostler travelled to Switzerland in May with a sobering message for the world’s banking standard-setter: If countries continue to apply new global capital requirements inconsistently, the competitiveness

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Banking

Banking sector reflects strength of economic vision, institutional confidence

  • August 10, 2025

Banking sector reflects strength of economic vision, institutional confidence The resilience and growing sophistication of Azerbaijan’s banking sector stand as clear proof of the country’s successful economic policy and the determination of its institutions to build a stable, forward-looking financial system. In a recent report published by international credit rating agency Fitch

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Funds

Shaolin Temple leader investigated on suspicion of embezzling funds

  • July 27, 2025

BEIJING — China’s famous Shaolin Temple announced on Sunday that its abbot is under investigation on suspicion of misappropriation and embezzlement of project funds and temple assets. Shi Yongxin is alleged to have committed criminal offenses and violated Buddhist precepts by maintaining relationships with multiple women over a long period and fathering at least one

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Investors

World shares are mixed as investors focus on tariffs and earnings

  • July 14, 2025

BANGKOK — World shares were mixed on Monday as investors focused on tariffs and corporate earnings updates. An announcement over the weekend by U.S. President Donald Trump that he plans 30% tariffs on goods from Mexico and the European Union had a modest immediate impact, as analysts said they expected progress toward trade deals before

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Crypto

Binance aided Trump family’s crypto firm before founder Changpeng Zhao sought pardon – The Mercury News

  • July 11, 2025

By Zeke Faux, Muyao Shen and Anthony Cormier, Bloomberg One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential pardon. Binance wrote the basic code to power USD1, a stablecoin launched by the Trumps’ World Liberty Financial

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Finance

French police raid far-right National Rally headquarters in finance probe

  • July 9, 2025

PARIS — French police raided the headquarters of a far-right party National Rally on Wednesday, seizing documents and accounting records, the party’s leader said, as part of a sweeping campaign finance inquiry. Prosecutors said they are investigating allegations of illegal financing of longtime party leader Marine Le Pen’s 2022 presidential bid, and the party’s European

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Banking

Brazil police arrest suspect in $100M banking hack

  • July 4, 2025

SAO PAULO (AP) — Police in Brazil arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system, known as PIX, which is used by 76.4% of the population. Hackers

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Banking

Brazilian police arrest suspect in $100M banking hack

  • July 4, 2025

SAO PAULO (AP) — Police in Brazil have arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system — known as PIX — which is used by 76.4% of

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Crypto

Indian-American investor books island near Singapore for crypto-led ‘college town’ | World News

  • July 3, 2025

Indian-American tech entrepreneur Balaji Srinivasan has booked a private island near Singapore to start his 90-day programme called “Network School”. This experimental project will explore topics like cryptocurrency, longevity science, and new ways of running societies. Srinivasan describes the school as a “technocapitalist college town”. Announcing the plan in a personal post, Srinivasan invited people

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Banking

Canadian banking regulator maintains domestic stability buffer for large lenders

  • June 25, 2025

Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the

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