US Senate Approves Former Bitfury Executive to Head OCC Banking Regulator
Gould Confirmed as Head of U.S. OCC Office Jonathan Gould, who formerly held the position of Chief Legal Officer at Bitfury, has officially been appointed to lead the U.S. Office of the Comptroller of the Currency (OCC), following a vote in the Senate. The Senate voted in favor with a majority of 50-45 on Thursday. […]
JPMorgan Chase Restructures Private Banking to Enhance International Investments
JPMorgan Chase has undergone a restructuring, with the recent appointment of David Frame as the new global head of its private banking division. Previously serving as the US chief of private banks, Frame’s new role was reported by The Wall Street Journal on July 3. This reorganization is intended to benefit wealthy clients worldwide, as […]
French B2B neobank Qonto acquires 600,000 customers and applies for banking license
Qonto Seeks Banking License in France One burning question that comes up frequently regarding French fintech startups is whether Qonto is a real bank. Currently, the answer is no, but things might change soon. CEO Alexandre Prot has announced that Qonto is in the process of applying for a banking license in France. Targeting European […]
Conservative investor to take on conventional banking through a national cryptocurrency bank
Emerging Challenges to Traditional Banking from the Right It seems challengers to conventional banking are making their move, surprisingly from the conservative side. Initially, it was hard to determine just how extensive this initiative would be, especially after billionaire Palmer Luckey announced a cryptocurrency project. Would it focus solely on digital currencies? Well, now that […]
“Capital Is Mobile”: Hugh Hewitt Identifies Which City Could Take Over NYC’s Banking and Finance If Mamdani Prevails
Concerns Over Potential Leadership Change in NYC On Fox News’ “Hannity,” radio host Hugh Hewitt expressed his belief that if Democratic candidate Zoran Mamdani wins in November, Miami could end up absorbing much of New York City’s banking and finance sectors. This comment comes following Mamdani’s recent victory in securing the nomination, which was somewhat […]
Ex-Barclays CEO’s appeal to reverse banking ban linked to Epstein is denied
Legal Setback for Jes Staley in Epstein-Related Case This week, Jes Staley, a former prominent banker connected to Jeffrey Epstein, faced a legal defeat as he attempted to lift a lifetime ban linked to his associations with Epstein, who died in 2019. Staley, who had previously served as CEO of Barclays and held a significant […]
UK maintains banking ban on former Barclays CEO Jes Staley
Former Barclays CEO Jess Staley has been permanently expelled from the UK banking sector due to his ties with Jeffrey Epstein, a decision upheld by a UK court on Thursday. The ruling followed an assessment by the Financial Conduct Authority, the primary regulatory body in the UK. It was concluded that Staley, who previously led […]
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 […]
Senate approves significant cryptocurrency legislation as banking chairman describes it as a ‘historic day’
Senate Passes Landmark Stubcoin Legislation The Senate has approved a significant piece of legislation related to stubcoins, with Chairman of the Banking Committee, Tim Scott, calling it “the first of its kind.” This development comes after overcoming various obstacles to reach this stage. Scott, a Republican from South Carolina and a presidential candidate, was a […]
UCB introduces Bangladesh’s first open API banking platform based on microservices.
UCB Launches Bangladesh’s First Microservices-Based Open API Banking Platform United Commercial Bank (UCB) has introduced Bangladesh’s inaugural microservices-oriented Open API Banking platform, marking it as the sixth institution worldwide to implement the latest iteration of FCUBS 14.7. Details about this initiative were shared during a press conference held at the bank’s headquarters on June 15th. […]