Klarna Slumps 21%, Russian Bank Runs, and a Week of Financial Turbulence
A 21% plunge in Klarna shares, Russian deposit fears, a French phishing campaign, and UK banking app outages defined a turbulent week in global finance.…
Long-form coverage of cards, IBANs, payment rails, regulation and the technology that moves money — in seven languages, written by working operators.
A 21% plunge in Klarna shares, Russian deposit fears, a French phishing campaign, and UK banking app outages defined a turbulent week in global finance.…
The FCA has censured Equity for Growth (Securities) Limited for approving financial promotions that concealed very high commission fees on minibond marketing.…
The FCA has secured back the majority of funds stolen from over 100 investors by an 86-year-old fraudster sentenced to two years in prison in 2025.…
The FCA and Bank of England have appointed members to a new taskforce aimed at harmonising transaction and post-trade reporting across UK MiFIR, UK EMIR, and UK SFTR.…
South African Reserve Bank Governor Lesetja Kganyago delivered an economy-wide overview at the institution's 106th Annual General Meeting in Pretoria.…
Plaid has introduced a two-layer foundation model architecture for financial data, aiming to decode behavioral credit risk that traditional scoring models cannot distinguish.…
Chris Skinner applies a SWOT framework to AI in banking, spotlighting Agentic AI, autonomous commerce, and programmable money as forces reshaping finance.…
Bank of America's Amy Avery reveals how a 67-million-client data universe became the engine behind the bank's analytics and AI strategy.…
Truist Bank is expanding its "premier" mass-affluent banking tier, hiring more advisers and positioning the segment as a direct pipeline into full wealth management.…
Valley National Bank's $247M acquisition of Providence Bank & Trust marks a decisive push into Chicago, where the $66B regional lender had only one commercial office.…
The U.S. Treasury has launched a public-private Quantum-Readiness Task Force to help financial institutions migrate to cryptography that can withstand quantum-computing attacks.…
The Bank Policy Institute and The Clearing House Association have jointly urged federal regulators to extend customer identity requirements across a broader range of stablecoin trading platforms.…