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Russian court orders seizure of nearly $440M in JPMorgan funds

April 25, 2024

Category: Regulations

A Russian court ordered the seizure of roughly $439.5 million that state-owned VTB Bank held in JPMorgan Chase accounts in the country, according to a filing seen Wednesday by Reuters and CNBC. The court order permits the funds in JPMorgan’s […]


Bank of America CEO: The Federal Reserve is winning the war on inflation

April 17, 2024

Via: Yahoo

The battle against inflation is being won by the Fed — even if it doesn’t appear that way to Mr. Market right now. “The reality is that they [the Fed] have got to win the war on inflation, and they […]


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,” […]


Activity, Retail Banking

US neobank Mercury enters consumer banking market with Mercury Personal

April 18, 2024

Via: FinTech Futures

Founded in 2017, Mercury states customers of its new solution will have access to features such as customisable debit card limits, worldwide ATM fee reimbursements, no-fee domestic wires and ACH transfers, alongside no minimum balances. In addition, at the time […]