British digital bank Revolut has secured conditional approval from the Office of the Comptroller of the Currency to establish a full-service national bank in the United States. The regulatory nod
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The European Central Bank is assessing the feasibility of interlinking its TARGET Instant Payment Settlement platform with the Central Bank of Brazil’s Pix system. This potential connection would represent the
Huw Pill, the Bank of England’s chief economist, has cautioned that adopting a passive stance on interest rates during the ongoing conflict in Iran risks triggering a resurgence of inflation
The Bank of England must increase interest rates to prevent a loss of market confidence, the central bank’s chief economist has stated. Huw Pill, speaking in Edinburgh, expressed discomfort with
The Netherlands’ central bank has completed a significant repositioning of its gold reserves, transferring 86 tonnes from North America to London. This strategic move reduces the share of Dutch bullion
U.S. Bank is expanding its business banking operations by adding new staff in Florida and Georgia. The super-regional lender intends to recruit approximately 10 bankers in each state to serve
The governor of the Bank of England has cautioned G20 finance ministers that artificial intelligence presents a dual threat to the global economy, potentially triggering a widespread downturn and exposing
Andrew Bailey, the governor of the Bank of England, has issued a stark warning that advanced artificial intelligence models could destabilise the global financial system. Writing in his capacity as
Shop price inflation in the United Kingdom has reached its highest level in two years, driven by a significant increase in energy and commodity costs. The British Retail Consortium reported
Chancellor John Healey is reportedly considering introducing additional taxes on the banking and oil sectors to generate extra government revenue. According to reports, Treasury officials view windfall levies on these
Beth Hammack, president of the Federal Reserve Bank of Cleveland, has reiterated her stance that the central bank should raise interest rates immediately. Speaking during a live interview at the
The Bank of England is set to receive a new statutory objective to support innovation in payment systems and digital currencies, according to plans announced by the government. This secondary
Lloyds Banking Group has confirmed that its digital banking services have been restored following a disruption that affected customers across its Lloyds, Halifax and Scottish Widows brands. The group stated
London-based Prevalent AI has secured 16.1 million pounds in growth investment from Los Angeles-based Integrity Growth Partners. This marks the first primary capital raised by the firm, which provides AI-powered
Energy Minister Michael Shanks has stated that there is no specific deadline for the approval of the Rosebank and Jackdaw oil and gas fields. He emphasised that the government intends
Starling Bank has rolled out a new suite of artificial intelligence features within its mobile application, enabling customers to build and utilise custom smart tools. This initiative integrates these capabilities