NY Fed enters cross-border tokenization effort

April 4, 2024

Category: Regulations

The central bank also provided perspective on its goals. “The project will focus on overcoming common structural inefficiencies in cross-border payments today related to differing legal, regulatory, and technical requirements, operating hours and time zones, and varying financial integrity controls,” […]

UBS eyes US growth with wealth business

March 18, 2024

UBS aims to expand its wealth management business in the U.S. through potential M&A activities within the next three to four years, Chair Colm Kelleher told the the Swiss NZZ newspaper Sunday, according to Reuters. Since its acquisition of Credit […]

The Evolution of Digital Wallets and Their Impact on Global Commerce

March 8, 2024

Category: Channels

Digital wallets are key in today’s digital economy, changing how we make payments globally. They make payments easy and improve security. This piece explores how digital wallets are changing payment methods, focusing on their importance for security, ease of use, […]


Return-to-office delays burden regional bank real estate portfolios

April 3, 2024

Via: Banking Dive

Delays implementing return-to-office plans and questions around companies’ longer-term real estate footprints are straining the office category of regional banks’ commercial real estate portfolios, executives said last week in Philadelphia. Nearly a year after the World Health Organization declared the […]


Citi says 71% of energy clients lack substantive transition plan or ‘ability to execute’

April 1, 2024

Via: Banking Dive

Citi’s energy clients include companies predominantly related to oil and gas production, but also include bioenergy, carbon capture, utilization and sequestration, direct air capture hydrogen and renewable energy, according to its 2021 Task Force for Climate-related Financial Disclosures report. Its […]

Capital and Risk, Insurance

Yellen Sees Insurance Payouts Helping Fund New Baltimore Bridge

March 28, 2024

Via: Insurance Journal

Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore bridge that collapsed earlier this week. “My expectation would be that, ultimately, there’ll be insurance payments in part to cover […]