Treasury, acting through FinCEN, has proposed cutting Banque Misr UAE off from U.S. correspondent banking after saying the bank’s UAE branches processed about $1.8 billion for companies tied to Iranian shadow banking networks.
HM Treasury plans to give the Bank of England a secondary innovation objective for payment systems, extending its remit to support new digital-money infrastructure while keeping financial stability first.
Statistics Sweden said the average floating rate on new housing-loan agreements slipped to 2.74% in July, while annual housing-loan growth accelerated to 3.4%.
New Zealand mortgage commitments fell 7.0% in July, with investor lending down 22.6% from a year earlier and its share of new commitments slipping to 18.9%.
FDIC-insured institutions lifted profitability as trading and fee income, securities gains and stronger net interest income outweighed higher operating costs.
Adjusted net income rose to C$2.86 billion in BMO’s fiscal third quarter, while reported earnings fell as divestiture-related charges weighed on the bottom line.
Rakuten Bank and Rakuten Securities said Money Bridge has topped 7 million account settings, adding one million links in 349 days as both platforms continue to expand.
Santander has completed its acquisition of Webster Financial, creating a larger U.S. banking franchise with nearly eight million customers and about $327 billion in pro forma assets.
The Fed’s SouthPoint agreement tightens capital and cash-management oversight, while a separate 2017 Deutsche Bank foreign-exchange order has been terminated.
The banks linked separate tokenised-deposit platforms through Swift’s blockchain-based ledger, with obligations matched and netted before final settlement through existing systems.