Trump proposes a one-year limit on credit card interest rates at 10%, and banks resist
Trump Proposes 10% Credit Card Interest Rate Cap NEW YORK — President Donald Trump is looking to revisit a campaign pledge by proposing a one-year limit on credit card interest rates at 10%. This initiative could potentially save Americans a substantial amount, possibly reaching tens of billions of dollars, but has already faced resistance from […]
Banks are pushing to eliminate crypto rewards to safeguard a concealed $1,400 “tax” on each household.
Banks Push Back Against Stablecoin Rewards to Safeguard Revenue U.S. banks are actively opposing stablecoin rewards, likely to protect their substantial revenue stream. Faryar Shirzad, Coinbase’s chief policy officer, recently remarked on Twitter that discussions surrounding stablecoin rewards are ongoing as Congress deliberates on market structure legislation. He also shared figures that may be uncomfortable […]
Jenius Bank staff announce the bank’s closure
Closure of Genius Bank Reported Genius Bank, the digital banking branch of Sumitomo Mitsui Banking Corporation, appears to be shutting down, based on information from several former employees. So far, there hasn’t been any official statement from Genus, and representatives from SMBC have stayed silent. However, multiple employees have shared their experiences. Recently, one former […]
Jim Banks’ Anti-Fraud Act Prevents Somali Officials from Accessing Taxpayer Money
Sen. Jim Banks Introduces Bill to Combat Fraud Linked to Somalia Senator Jim Banks from Indiana has proposed a new bill aimed at addressing the significant fraud that affects U.S. taxpayers stemming from Somalia, according to an exclusive report from Breitbart News. The proposed legislation, known as the Foreign Agent Financing Act, seeks to prohibit […]
Regional banks are in a strong position as they approach 2026, with one likely to emerge as a major success, according to Jay Woods.
Earnings Season and Regional Banks Earnings season kicks off next week, beginning with major banks, followed by smaller regional institutions. Josh Brown and Sean Russo from CNBC penned a compelling piece about two regional banks that might see significant movement in 2026: PNC and Fifth Third Bancorp. I, for one, completely agree, and there’s definitely […]
Punjab considers merging major district co-op banks to enhance profits
Punjab Government Plans Merger of Cooperative Banks The Punjab government is planning to merge district central cooperative banks with the Punjab State Cooperative Bank (PSCB). This strategy aims to improve capital adequacy, enhance competitiveness against large commercial banks, and cut down on unnecessary administrative costs. A team from the finance and cooperative departments, led by […]
Bank holiday for Hazrat Ali: Which banks will be closed on January 3? See the list.
Bank Holidays in January 2026 As we kick off 2026, it’s a good idea to check your bank’s holiday schedule before headed out. You wouldn’t want to find yourself in front of a closed door, right? Especially after the holidays, when folks are getting back to work and sorting out their finances. Are banks closed […]
Banks recently requested $26 billion in urgent funds, yet Bitcoin traders are overlooking an important alert.
Understanding Recent Repo Market Activity It began like many situations do: with familiar visuals—screenshots, highlighted figures, and a timeline that honestly made me a bit uneasy. On December 29, the Federal Reserve’s overnight repo operation announced a staggering $16 billion, especially after sticking close to zero most days. Then, surprisingly, it dropped to $2 billion […]
European banks have had an exceptional year. Now they confront a significant question for 2026.
European Banks Experience Significant Growth in 2025 In 2025, European banks are set to achieve their best performance since 1997, with the Stoxx 600 banking index rising nearly 60% this year. They’ve reported solid earnings, particularly in the third quarter, with institutions like HSBC and UBS showing notable profit increases. Some banks, such as Commerzbank […]
Refund policy for merging banks: Who is prioritized?
Bangladesh Bank Introduces New Resolution Scheme Today, Bangladesh Bank (BB) announced a detailed resolution scheme aimed at determining how deposits from five merging Sharia-based banks will be handled, including who will have priority access to those funds and the timeline for refunds. This new framework will also impact the employees of the merging banks, potentially […]