Brazil’s central bank closes Banco Master as police arrest key investor
Federal Investigation and Bank Liquidation in Brazil On November 18, 2025, a federal police car was seen outside the Bank of Brasilia amid operations focused on the fraudulent issuance of credit securities that resulted in the arrest of Daniel Volcaro. In a significant move, Brazil’s central bank has effectively halted operations at mid-sized lender Banco […]
South African fintech plans significant acquisition of Michael Jordaan’s Bank Zero in $60 million agreement
Resaca Technologies Acquires Bank Zero A deal unveiled in July, valued at around $60 million, involves a mix of newly issued Resaca shares and as much as $5 million in cash. Shareholders of Bank Zero are anticipated to own about 12% of Resaca’s shares on a fully diluted basis. As part of the arrangement, Jordaan […]
Bank of England plans to maintain the current ring-fencing rules, according to sources
Bank of England’s Stance on Ring-Fencing Reforms LONDON, Nov 18 – The Bank of England is looking to soften certain aspects of the UK’s banking ring-fence regulations, although it’s pushing back against major reforms proposed by banks, sources indicate. This cautious approach aims to maintain essential safeguards during an ongoing government review. The ring-fencing rules […]
Bank Indonesia plans to maintain interest rates at 4.75% on November 19 and lower them the following month
Bank Indonesia Expected to Hold Interest Rates Steady BENGALURU, Nov 17 – Economists are largely predicting that Bank Indonesia will maintain its key interest rate at 4.75% during the meeting on November 19. This decision appears aimed at alleviating pressure on the rupiah while encouraging commercial banks to lower lending rates, according to a recent […]
We’re not very optimistic about this tech stock, but we’re excited about this bank.
Market Updates on Key Stocks Two noteworthy stocks are making headlines today—one in enterprise software and the other in banking. Starting with Bank of America, the firm has reduced its price target for Salesforce from $325 to $305 ahead of next month’s quarterly earnings report. Analysts still hold a buy rating for the stock, attributing […]
UBS chair discussed relocating the Swiss bank to the US with Scott Bessent
UBS Considers Headquarters Move to the U.S. Amid Capital Control Disputes Colm Kelleher, the Chairman of UBS, and U.S. Treasury Secretary Scott Bessent are reportedly having private discussions about relocating the bank’s headquarters to the United States. This comes as the Zurich-based lender contemplates its options in response to proposed capital controls from the Swiss […]
Forex Today: US Dollar holds steady as attention shifts to central bank remarks
Here’s what’s important for Monday, November 17th. The US dollar starts the week on a strong note against major currencies, as the market reevaluates the chances of a Federal Reserve rate cut this December. Policymakers from prominent central banks are set to speak later today, and investors are keenly awaiting Canada’s inflation report for October. […]
Westpac commits to maintaining bank branches until 2030 while testing a new partnership with Australian councils starting next year
Westpac Commits to Keeping Local Branches Open Until 2030 Westpac has made a promise not to shut down any local branches until 2030 and plans to send staff to regional cities lacking a physical bank presence. Over the last five years, the bank has closed more than 1,500 branches, facing significant backlash from the public […]
Ancient cup discovered in the West Bank features the earliest depiction of the universe’s creation, according to research.
Ancient Chalice Depicts Creation of the Universe A silver chalice dating back 4,300 years, discovered in the West Bank, features the oldest known illustration of the universe’s creation, a depiction that closely aligns with narratives found in the book of Genesis, according to recent findings. The “Ain Samiya Goblet,” standing at 3 inches tall, is […]
Czech Central Bank Invests $1 Million in Bitcoin as a Possible Change in Approach
Czech National Bank Ventures into Bitcoin The Czech National Bank (CNB) has taken the plunge by acquiring $1 million in Bitcoin and other digital assets, referring to it as a “test portfolio.” This marks the bank’s first direct encounter with cryptocurrencies. This recent move signals a cautious approach towards grasping just how blockchain-based assets might […]