Central Bank Takes Steps to Eliminate ‘Reputational Risk’ Rules Used by Left to Cut Off Banking Access
Federal Reserve Chairman Addresses Reputation Risks at Congressional Hearing During a Congressional hearing on Tuesday, Federal Reserve Chairman Jerome Powell emphasized the challenges faced by central banks regarding “reputation risks” and acknowledged that the concept of “snapping off” has become a significant concern. In a recent statement by the Federal Reserve Committee, it was announced […]
Palmer Luckey’s new cryptocurrency bank will be linked to a stablecoin.
Palmer Luckey Launches New Digital Bank Elebor Billionaire Palmer Luckey is diving into the financial industry with a new venture aimed at empowering technology entrepreneurs. The venture, named Elebor, marks another addition to his growing portfolio. The name Elebor appears to draw inspiration from J.R.R. Tolkien’s works. Similar to Anduril, a sword from the lore, […]
UAE Central Bank halts bank’s Islamic services for new customer onboarding for six months
For the past six months, the central bank of the UAE has halted the Islamic windows of local banks from accepting new customers and has imposed fines totaling over DH33.5 million (around $953,632) for breaching Sharia Governance Rules. On Wednesday, the bank announced that these penalties came after a review by its Sharia supervisory body, […]
Two candidates suggested for the position of governor at the Bank of Thailand
Minister of Finance Selects Successor to Sethaput Suthiwartnarueput On June 24, 2025, the Finance Minister reviewed six candidates for the role of Governor of the Bank of Thailand. Following discussions, two names were forwarded to Minister Pichai Chunhavajra for final consideration. Pichai’s decision will need to receive approval from both the Cabinet and the King, […]
Powell states that the Fed is not hurried to lower rates while Trump criticizes the central bank leader.
Federal Reserve’s Interest Rate Strategy Federal Reserve Chair Jerome Powell will inform lawmakers on Tuesday that the central bank isn’t rushing to reduce interest rates. He emphasizes the need for careful consideration regarding the economic effects of the latest tariffs imposed by President Donald Trump. This cautious stance has drawn sharp criticism from Trump, especially […]
‘Tiger-fighter’ leads China-supported development bank
China Appoints New Leader for Asian Infrastructure Investment Bank China has named a former anti-corruption officer, referred to as “the female general fighting the tiger,” to head the Asian Infrastructure Investment Bank (AIIB), which serves as Beijing’s counter to the World Bank. Zou Jiayi, who previously held the position of vice minister in the Chinese […]
Significant purchase of Utah institution creates the first Black-owned bank in the Rockies
Redemption Bank Acquisition: A Milestone for Black Ownership The acquisition of Holladay Bank and Trust establishes the first black-owned bank in the Mountain West region. Support for the deal comes from a group of Utah investors, including Bernice King and Colin Sexton. Bernice King believes the new Redemption Bank will fulfill her father’s vision of […]
Branch manager of Union Bank involved in various schemes to misappropriate Tk8cr: Internal investigation
Fraudulent methods include creating loans to savings and time deposit accounts without the consent of the customer, transferring funds between accounts, and Highlights: Internal investigation reveals TK8 crore robbery Managers have used illegal methods for several years The scam was uncovered in January Some fraudulent customers may be implicated Authorities will suspend managers and issue […]
Syria Completes Initial Global Bank Transfers Since Assad’s Downfall
Syria’s Central Bank Achieves Milestone with International Bank Transfer Syria’s central bank Governor, Haslier Abdelkadar, announced on Thursday that the new government has accomplished a significant feat by completing its first international bank transfer using the Swift system. Since 2011, Syria has been excluded from the global transaction system, a result of the harsh civil […]
Crime trend of ‘jugging’ targets bank customers, extending from Texas to the Carolinas
Authorities are issuing warnings as concerning trends linked to violent street crimes are surfacing in South Carolina. Surveillance footage has spotlighted a type of robbery commonly referred to as “jugs.” This crime involves criminals observing banks and ATMs, targeting individuals who withdraw substantial sums of money. After the transaction, these assailants typically take their victims […]