Tag: financial
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Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
Sept 1 : A group of 21 financial institutions including Goldman Sachs, Bank of America, Citi and Deutsche Bank plan to create a company this year to issue a cryptocurrency pegged to the dollar in the first half of 2027, they said on Tuesday.The group, which was first announced in October 2025 when just 10…
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Nigeria’s EFCC chief has fired 40 of his anti-corruption agents for ‘being corrupt’
The EFCC boss says more than five of the dismissed officials are already facing prosecution.
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AI-driven cyber risk is top concern for global financial stability, watchdog says
LONDON, Aug 31 : Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the speed, scale and economics of an attack.The FSB is a global watchdog that seeks to identify a
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Are you richer than you think? How to find out—and what experts say to do if you are
States are holding billions of dollars in unclaimed property, and some of it may be yours.
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‘Money, not missiles’: US launches financial attack on Iran
Washington announced what it described as an “economic D-Day” against Iran, widening current sanctions and targetting countries with business ties with the regime.
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Trump bought shares in Elon Musk’s SpaceX in June, financial disclosure shows
WASHINGTON, Aug 24 : U.S. President Donald Trump invested as much as $50,000 in Elon Musk’s SpaceX in June, according to a public financial disclosure, giving him a financial stake in a major government contractor run by his former adviser. He bought between $15,001 and $50,000 in shares on June 23, accordin
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UAE economy: On the verge of collapse or on way to recovery?
On one hand, the UAE economy is suffering due to the Iran war, as residents leave and tourists cancel plans. On the other hand, UAE authorities insist everything is fine and recovery is underway. What’s really going on?
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US regulator approves bank charter for Trump-backed crypto company World Liberty Financial
Aug 14 : A national U.S. bank regulator on Friday conditionally approved a bank charter application linked to President Donald Trump and his family’s crypto venture, World Liberty Financial, effectively greenlighting an expansion of its stablecoin operations.The Office of the Comptroller of the Currency sai
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UK regulator, crypto exchange HTX locked in settlement talks
LONDON, Aug 13 : Britain’s financial regulator and HTX, a cryptocurrency exchange under UK and European Union sanctions, are in talks to settle allegations that the group is illegally promoting crypto services in the UK, court documents show.The Financial Conduct Authority last October sued HTX — formerly k
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ASEAN members closing ranks as cyberscam threat escalates
Southeast Asian governments are searching for a joint strategy against cyberscammers, a criminal industry that has grown too big, too connected and too embedded in ASEAN economies to be solved just by policing.
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