News

In an effort to slow the rate of rapidly increasing prices, the US central bank has approved yet another steep increase in interest rates. The benchmark interest rate was raised by 0.75 percentage points, according to the Federal Reserve, reaching...

The Consumer Financial Protection Bureau (CFPB) intends to move through with a rule requiring financial institutions to offer clients their own data in order to promote open banking and open finance, which is anticipated to boost competition in the...

The UK financial services minister inserted a clause into a draught law that is currently before parliament and is almost certain to pass that would give Britain the authority to regulate all cryptoassets. The modification to the financial services and...

According to economists speaking to CNBC, Singapore's real estate market won't likely be much affected by the increased cost of borrowing. That's due to a number of factors, including wealthy buyers, a high demand for rentals, and foreigners relocating...

Wells Fargo & Co. has partnered with Google LLC’s cloud business to build an artificial intelligence-powered virtual assistant that will help consumers with banking tasks. The companies announced the partnership today. The bank’s new virtual assistant, which is known as...

Nations all across the world are struggling to achieve sustainable, positive growth in the stormy economic waters of the epidemic recovery, particularly due to geopolitical tensions and an unclear global economic future. GCC nations are, nonetheless, ideally positioned to surf...

A significant step toward enabling Central Bank Digital Currencies (CBDCs) and tokenized assets to easily integrate into the global financial ecosystem, SWIFT has successfully demonstrated that these instruments can move on existing financial infrastructure. The results, from two separate experiments,...