The recent announcement of a merger between Los Angeles-based Hope Bancorp and Honolulu-based Territorial Bancorp has raised questions about the potential impact on regional banks. With regulatory approval now secured, the merger aims to create the largest regional bank across both the continental
BNP Paribas, a leading global custodian, has been appointed by Medibank Private Limited to provide custody and fund administration services. This strategic partnership underscores BNP Paribas’ expanding influence in Australia, particularly within the insurance sector. Medibank, an Australian health
In a compelling revelation that has raised eyebrows across the financial sector, Michael Barr, the Federal Reserve's outgoing vice chair for supervision, highlighted the competitive pressures driving financial institutions toward the adoption of generative artificial intelligence (genAI). Although
Bank regulation is a complex and multifaceted topic that impacts the entire financial system and the broader economy. Governor Bowman's recent speech on bank regulation delves into various aspects of the subject, highlighting both the costs and benefits of the current regulatory framework. Her
The escalating conflict between Coinbase, a leading cryptocurrency exchange platform, and U.S. banking regulators has reached a critical juncture. This confrontation underscores the broader struggle between the crypto industry and traditional financial authorities over access to essential banking
The global digital banking platform market has experienced remarkable growth in recent years, driven by technological advancements and changing consumer behaviors. As we look ahead, the market is poised for even greater expansion, with projections indicating significant increases in market value
