Anthony Miller, CEO of Westpac, issued a public apology after the bank froze customer accounts and blocked a $30,000 transfer to CoinSpot cryptocurrency exchange. The incident occurred when […]
Taurus Launches Network for Secure Cross-Border Collaboration Between Banks
Swiss fintech company, Taurus, has unveiled a groundbreaking platform called Taurus-NETWORK designed to simplify and secure cross-border collaboration between financial institutions. This new solution allows regulated entities worldwide […]
Former Bank Employee Receives 20-Year Prison Sentence for Embezzlement and Cryptocurrency Investments
A former employee of Woori Bank has been sentenced to 20 years in prison after embezzling over 17.7 billion won (approximately $11.98 million USD) from customer loans. The […]
Nigerian Business Mogul Pascal Dozie Dies at 85
Pascal Dozie, a prominent Nigerian business figure and founder of Diamond Bank and former chairman of MTN Nigeria, has died at the age of 85. His death was […]
Banking Stocks Plummet as Tariffs Trigger Recession Fears
Major U.S. banks are facing significant declines in today’s trading session, mirroring broader concerns about a potential recession fueled by escalating tariffs. The latest tariff announcements have sent […]
European Markets Plummet Amidst Uncertainty as Banking Sector Suffers Major Losses
European stock markets experienced a sharp decline on April 4, 2025, sending shockwaves through key sectors like banking and energy. The STOXX 600 Banks Index took the biggest […]
Eric Trump Calls for Blockchain Alternatives to Troubled Banking Practices
In a recent interview with Fox Business, Eric Trump highlighted the impact of bank practices, such as de-banking, and advocated for blockchain solutions. He pointed to high-profile incidents […]
Upcoming Hearing Examines Banking & Crypto Regulations
The U.S. Senate Banking Committee is preparing for a crucial nomination hearing next Thursday. The committee, led by Republicans, will question Federal Reserve Governor Michelle Bowman, who has […]
Robinhood Introduces On-Demand Cash Delivery for Gold Members
Robinhood has unveiled a new perk for its Gold members: on-demand cash delivery service. As part of their banking platform, this feature will offer users quick access to […]
Crypto Regulation: Prioritize Banking Frameworks Over Taxes
Despite hopes for clearer crypto regulations under the current administration, a pressing need for robust legal frameworks remains before tax reforms become impactful. This is according to experts […]
FDIC Removes Crypto Approval Requirement for Banks, Simplifies Digital Asset Operations
The FDIC has announced a significant change to its regulations regarding cryptocurrencies. Removing the prior approval requirement for banks engaging in cryptocurrency activities ensures they can participate without […]