US Banks Consider Suing Regulator Over Crypto Rules
Top US banks are considering legal action against a federal regulator over new rules governing crypto banking activities. The banks argue the regulations are overly restrictive.
Revolut Granted Full Banking License
British fintech company Revolut has been granted a full banking license. This allows Revolut to offer a wider range of financial services.
Gulf Banks Increase Security Following Iranian Threat
Global banks in Gulf hubs are increasing security measures after a recent threat from Iran. The specific nature of the threat and the banks involved were not detailed.
Deutsche Bank, UBS, SocGen Address Private Credit Exposure Concerns
Deutsche Bank, UBS, and SocGen have downplayed concerns about their exposure to private credit, while Morgan Stanley predicts private credit default rates could reach 8%. The financial institutions are attempting to reassure investors amid growing worries about the stability of the private credit market.
Ukraine's Oschadbank Demands Return of Seized Funds in Hungary
Ukraine's Oschadbank is demanding the return of funds seized by Hungarian authorities and denies any links to the political opposition. The bank claims the seizure is politically motivated and is seeking legal recourse.