Banking
Republican senators move to raise Bank Secrecy Act reporting thresholds
Petra Hartmann Larawang ginawa ng AI Fact checked
Senate Republicans led by Tim Scott of South Carolina and John Kennedy of Louisiana have introduced legislation to update long‑standing Bank Secrecy Act reporting thresholds and index them to inflation, a step that comes amid President Donald Trump’s 2025 executive orders to digitize federal payments and curb what the White House calls politicized “debanking.”
LivingTrust Mortgage Bank outlines growth plan after Q3 2025 results
LivingTrust Mortgage Bank Plc has unveiled a strategic growth plan following the release of its unaudited Q3 2025 management accounts. The results show significant year-on-year increases in earnings and income, highlighting the bank's resilience amid economic challenges. The bank emphasized its focus on digital expansion and revenue diversification.
Goldman Sachs and DBS complete first OTC interbank crypto options trade
DBS and Goldman Sachs have executed the first-ever over-the-counter cryptocurrency options trade between two banks. The transaction involved cash-settled Bitcoin and Ether options. This milestone highlights the growing integration of digital assets with traditional finance practices.
Coval and Klym partner to finance 1.5 million SMEs
Coval Servicios Financieros has announced its entry into the Colombian market through a strategic alliance with fintech Klym, aiming to provide financing access to over 1.5 million micro, small, and medium enterprises (SMEs). The company projects double-digit growth in annual financed volume by the end of 2025 compared to 2024. This initiative seeks to bolster the liquidity of SMEs, which make up 99.5% of the country's productive fabric.
Cbe governor attends future leaders graduation at ebi
Hassan Abdalla, governor of the Central Bank of Egypt and chairperson of the Egyptian Banking Institute, attended the graduation ceremony for four new cohorts of the Future Leaders programme at the EBI. The event included deputy governors and board members, marking the graduation of 93 young banking professionals. Abdalla expressed pride in the programme, launched three decades ago to nurture sector talent.
Crypto.com applies for OCC national trust bank charter
Singapore-based cryptocurrency exchange Crypto.com has filed an application with the U.S. Office of the Comptroller of the Currency for a national trust bank charter. The move aims to expand its federally supervised custody services for institutional clients. This follows similar efforts by firms like Coinbase and Circle in 2025.
Temporary SPEI suspension for maintenance this Friday
The Bank of Mexico (Banxico) will suspend the Interbank Electronic Payment System (SPEI) from 6:00 p.m. to 8:00 p.m. on Friday, October 24, 2025, for scheduled maintenance. This pause will impact interbank transfers across most Mexican banks, so users are advised to complete operations in advance to avoid delays or rejections.
Oil firm challenges property sale in high court
October 29, 2025 22:02Bac international seeks to buy banco de bogota's panamanian subsidiary
October 28, 2025 01:13Banque Misr joins 'Open Your Account in Egypt' initiative for expatriates
October 27, 2025 12:54Citi teams up with Coinbase for stablecoin pilot
October 27, 2025 09:13bank bjb expands access to inclusive housing finance in Karawang
October 26, 2025 23:31CIB launches co-branded credit card with Talabat and Mastercard
October 26, 2025 18:01Capital Markets Advisors concludes advisory role in Al Baraka Bank's acquisition
October 25, 2025 04:34JPMorgan accepts Bitcoin and Ethereum as loan collateral
October 25, 2025 00:06JPMorgan plans to accept bitcoin and ether as loan collateral
October 22, 2025 20:04National Bank of Ethiopia to limit bank share transfers