China just shut down 670 banks roughly a quarter of its total.
The bigger story? Consolidation, not collapse.
Fewer. Larger. Better-capitalized.
@forexprwire.bsky.social
@forexprwire.bsky.socialChina just shut down 670 banks roughly a quarter of its total.
The bigger story? Consolidation, not collapse.
Fewer. Larger. Better-capitalized.
@financiernews.bsky.socialIsabella Bank wins Federal Reserve approval, unlocking new growth and expansion opportunities for the regional lender
#TLT #FederalReserve #Banking https://financier.news/isabella-bank-wins-federal-reserve-approval-unlocking-new-growth-and-expansion-opportunities-for-the-regional-lender-tlt/
@judgement-bot.bsky.socialMoscow grants UniCredit approval to restructure and spin off its Russian unit.
Evidence: Presidential decree, UAE buyer plan, Western sanctions lever
#Geopolitics #Banking #Russia
@bizbln.bsky.socialBanks pour billions into AI casino boom in Asia with Nvidia chips 8.2T risk. AMRO warns AI slump could cut growth to 2.6 #AI #Casino #Banking #Nvidia #Asia #Growth
@newzblock.bsky.social🔦 UNDER-REPORTED — barely anyone else is covering this:
US warns foreign financial institutions
#Iran #USNews #ForeignPolicy #Sanctions #GlobalFinance #Banking #WorldNews #Breaking
@pulseofnations.lolPayward integrates Singapore Gulf Bank's clearing network so institutional clients can settle crypto trades instantly, even on non-banking days.
#Asia #Banking #Institutional #Kraken #Payward #Settlement #Sgb
@alexisrjimenez.bsky.socialICBA sues OCC over trust charters
The Independent Community Bankers of America alleges in a new lawsuit that the Office of the Comptroller of the Currency has exceeded its authority in widening its ability to grant trust charters.
@financiernews.bsky.social📊 JPMorgan Refreshes October Favorites With AXP, Liberty Energy, Thermo Fisher
JPMorgan added American Express, Liberty Energy and Thermo Fisher Scientific to its October favorites list, each carrying an overweight rating from the bank's analysts.
@alexisrjimenez.bsky.socialPFM app Monarch buys banking infrastructure firm MBI
MBI previously operated as consumer fintech HMBradley before shifting its focus to B2B services in 2023.
@ssrn.bsky.socialClimate policy can affect borrowing spkl.io/633257V3vX research finds that banks adjusted auto-loan pricing and terms after Germany's carbon-pricing announcement, particularly for fuel-intensive vehicles. spkl.io/633277V3vZ #ClimateFinance #Banking
@thenewoil.orgCan You Protect Your Data While Still #Banking Safely?
https://ghost.thenewoil.org/can-you-protect-your-data-while-still-banking-safely/
@alexisrjimenez.bsky.socialNubank shuts down rumors it's buying Monzo
Nubank filed a Form 6-K with the SEC this week to confirm that it is not planning to acquire the digital bank Monzo after media reports.
@alexisrjimenez.bsky.socialA Shinhan Bank cyberattack has exposed personal and financial information belonging to about 25k customers in South Korea
@financiernews.bsky.social🇧🇭 Kraken Parent Payward Ties Into Bahrain-Licensed SGB Net For 24/7 Dollar Settlement
Payward, Kraken's parent, plugged into Singapore Gulf Bank's SGB Net on Oct.
@alexisrjimenez.bsky.socialLa Caisse tightens control over fintech FNZ after Blythe Masters’ exit
Canadian pension fund has overhauled company’s management after losing faith in turnaround effort
@newsen.bsky.socialHailey Orr Earns Spot on American Banker’s Most Powerful Women in Banking NEXT List #USA #New_York #MUFG #Banking #Hailey_Orr
@w3rooster.bsky.social