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A construction workers paints an eagle on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System, on Sept. 16, 2025 in Washington, DC. Kevin Dietsch | Getty Images A Christmas cut? Fast forward a few weeks, and a Christmas cut is very much … Read more
Fintech company Marquis is notifying dozens of U.S. banks and credit unions that they had customer data stolen in a cyberattack earlier this year. Details of the cyberattack emerged this week after Marquis filed data breach notices with several U.S. states confirming its August 14 incident as a ransomware attack. Texas-based Marquis is a marketing … Read more
Key Takeaways Qivalis, backed by a consortium of 10 major European banks, plans to launch a euro-pegged stablecoin by late 2026. The initiative aims to create a digital euro stablecoin as an alternative to US dollar-dominated assets, enhancing European financial sovereignty. Share this article Qivalis, a newly incorporated Amsterdam-based company established by a consortium of … Read more
Several U.S. banking giants and mortgage lenders are reportedly scrambling to assess how much of their customers’ data was stolen during a cyberattack on a New York financial technology company earlier this month. SitusAMC, which provides technology for over a thousand commercial and real estate financiers, confirmed in a statement over the weekend that it … Read more
Working women across the world continue to face wage inequality and a rollback in leadership representation—and the “motherhood penalty” makes their career success even harder. As employer demands force women in the U.S. out of the workforce, South Korean companies are stepping up to better the situation for female talent. South Korean banks have rolled … Read more
The Office of the Comptroller of the Currency has released new guidance that allows national banks to hold specific cryptocurrencies for the sole purpose of covering blockchain network fees. This decision, outlined in Interpretive Letter 1186 issued on November 18, 2025, confirms that banks can keep crypto assets on their books as part of their … Read more
Key Takeaways The US Office of the Comptroller of the Currency (OCC) now permits banks to hold crypto assets specifically for paying blockchain network fees. This move enables federally chartered banks to manage the digital assets needed for blockchain-based transactions under regulated oversight. Share this article The Office of the Comptroller of the Currency (OCC), … Read more
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in … Read more
The Japan Financial Services Agency (FSA) announced that it has launched an initiative to support the yen-based stablecoin joint venture launched by the country’s major banks. Summary Japan’s Financial Services Agency has launched the Payment Innovation Project to promote blockchain-based payment systems, beginning with a major stablecoin initiative launched by major banks like MUFG, SMBC … Read more
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts of conspiracy to defraud, for his involvement in the Libor interest-rate rigging scandal. That day, he would be sentenced to 14 years in prison, the longest white-collar sentence in British history. Packed in the prison … Read more
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