Banking

OpenAI has introduced ChatGPT for Financial Services, a tailored ChatGPT Work experience designed to help financial institutions develop research, financial models and customised client materials. The product combines built-in financial data with GPT-6 Astra’s reasoning capabilities and is initially...

China's Ministry of Finance is pressing ahead with a major China capital boost through a RMB300 billion special treasury-bond programme designed to strengthen the capital of eight centrally administered state financial institutions. The recapitalisation effort spans major commercial banks,...

A Swiss industry initiative developing a Swiss franc-denominated stablecoin has moved into controlled live testing, marking a new stage for the Swiss Stablecoin Pilot. Financial market infrastructure operator SIX and digital payment app TWINT joined the project on Tuesday,...

First Abu Dhabi Bank has announced an AED 100 billion blue finance target covering the period from 2026 to 2035, positioning the FAB blue finance target as a dedicated commitment toward water-related financing and blue economy projects. Alongside this...

WaFd and EverBank Financial Corp have entered into a definitive agreement for a $3.9 billion reverse merger, a transaction that would create a larger nationwide banking organization with a diversified deposit base and more than 250 financial centers. The...

China's finance ministry will inject a combined $54 billion into state-owned banks and insurers, the institutions confirmed on Sunday, marking a coordinated effort by Beijing to strengthen capital across its financial system. The programme, which extends a financing tool...

The European Union’s new anti money laundering framework is putting greater emphasis on consistency in how breaches are identified, assessed and sanctioned. As the Authority for Anti Money Laundering and Countering the Financing of Terrorism takes on a stronger...