Markets

HomeStreet Bank reportedly sold nearly $990 million worth of its commercial real estate loans to Bank of America. The Seattle-based bank said the deal would help it return to making money and reduce the costs from expensive funding. According to...

French citizens lose at least €500 million every year to financial scams, according to a report by four top agencies. The report shows that there has been a drop in the number of complaints, which might be because of better...

India’s stance on cryptocurrency regulation is attracting worldwide attention. The nation has seen significant progress in crypto adoption this year, with Bitcoin recently reaching a record-breaking price of $108,000. According to Vishal Sacheendran, Head of Regional Markets at Binance, India...

Reports revealed that Ripple's XRP has grown in price by over 250% in the past three months, drawing attention from crypto investors. Analysts have predicted the price might rise to $8 in the coming months. Ripple Chief Executive Officer Brad...

VTB, Russia's second-biggest lender, has acquired Agrocomplex Labinsky, which handles the assets of the Pokrovsky agroholding. The bank plans to make the asset more attractive and sell it for a profit in the near future, according to the group. Until...

A number of top banks and business groups have sued the Federal Reserve because of the way it runs its annual stress tests. The lawsuit is being led by the Bank Policy Institute (BPI), which stands for large banks like...

YCM-Invest reported that it earned £808,513 in revenue during the first nine months of 2024, which ended on September 27. The company also revealed a profit of £319,478 for the same period. This announcement came only a week after it...

The European Payments Council (EPC) has reportedly issued a Request for Proposals (RFP) to create an API Test Toolbox for its Verification of Payee (VOP) scheme. Reports revealed that this scheme will help Payment Service Providers (PSPs) in the European...

Caroline Ellison and Ryan Salame, former executives of the bankrupt cryptocurrency platform FTX, have reportedly had their prison sentences shortened. According to reports, this was due to their good behavior as inmates and cooperation with prosecutors. Both pleaded guilty to...

Turkey has introduced new cryptocurrency rules, taking inspiration from international regulations like Europe’s Markets in Crypto Assets (MiCA). The rules aim to control cryptocurrency transactions and help fight issues like money laundering and terrorism financing. A document, published on December...

Anton Siluanov, Russia's finance minister has shared that local companies are already using bitcoin and other digital money for cross-border transactions. This announcement came after the government changed the rules to let companies use crypto to work around sanctions, according...

SBI VC Trade, a well-known Japanese cryptocurrency exchange, has confirmed it will accept customer accounts and assets from DMM Bitcoin. DMM Bitcoin, part of the DMM.com Group, faced serious problems after a cyberattack earlier this year. After the incident, the...

India has gone a long way regarding crypto in the past five years or so. The country initially attempted to ban the crypto industry in 2019, only for it to have a major change in stance and sentiment by 2024,...

France has seen a surge in financial fraud and scams, with the country’s authorities claiming that the victims are losing a minimum of €500 million per year. However, despite the fact that the figure is quite massive, the country’s authoritative...

Roberto Politano, the Chief Marketing Officer at Innovative Finance, recently spoke about the state of the UK fintech. In a recent interview at FMLS:24, Politano pointed out that the UK’s fintech sector is the leader in terms of capital investment...