Banking
Republican senators move to raise Bank Secrecy Act reporting thresholds
Petra Hartmann Image generated by 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.
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.
In fragmented March, brewed buck slips as banks break ranks
Ethiopia's banking sector saw a fragmented March where the currency slipped in value amid banks breaking ranks. This summary draws from the Addis Fortune article title.
bank bjb expands access to inclusive housing finance in Karawang
bank bjb supports the government's Program Pembangunan Tiga Juta Rumah by organizing a housing credit socialization event in Karawang Regency. The initiative aims to broaden financing access for low-income residents amid the area's industrial growth. The event drew high-level central and local officials to foster collaboration.
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.
CIB launches co-branded credit card with Talabat and Mastercard
The Commercial International Bank (CIB) Egypt, the country's largest private-sector bank, has announced a strategic partnership with Talabat, the leading e-commerce platform in the Middle East and North Africa, and Mastercard to launch a co-branded credit card for Egypt's digital generation. The initiative supports Egypt's digital transformation and financial inclusion under Vision 2030. The card offers up to EGP 1,200 monthly cashback on the Talabat app, plus a welcome bonus of up to EGP 2,000.
Goldman Sachs and DBS complete first OTC interbank crypto options trade
October 29, 2025 22:02Bac international seeks to buy banco de bogota's panamanian subsidiary
October 29, 2025 16:21Cbe governor attends future leaders graduation at ebi
October 28, 2025 21:31Agusto & Co. affirms Abbey Mortgage Bank's A3 rating
October 28, 2025 01:13Banque Misr joins 'Open Your Account in Egypt' initiative for expatriates
October 28, 2025 00:55Coval and Klym partner to finance 1.5 million SMEs
October 27, 2025 12:54Citi teams up with Coinbase for stablecoin pilot
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 22, 2025 20:04National Bank of Ethiopia to limit bank share transfers