Deutsche Bank exec lauds AI impact on project times
Greater use of AI has drastically reduced the time of projects, according to a leading investment bank.
Investment Scams Are Australia's Largest Loss Category. ASIC's Whitelist Hinges on Three Conditions
Investment scams cost Australians A$837.7 million in 2025, the country's largest single category of scam loss, according to the National Anti-Scam Center. The Australian Securities and Investments Commission has opened a register of legitimate licensee website addresses, inviting more than 6,500 fir
Wall Street May Embrace Tokenized Stocks, But Not on Public Blockchains
Many crypto enthusiasts dream of trading traditional equities around the clock on public blockchains. They imagine a decentralized utopia where anyone can buy fractional shares of major corporations without traditional brokers. This vision fundamentally misunderstands how institutional finance opera
Revolut refunds Irish customers after historic ATM glitch
Digital bank Revolut has refunded thousands of Irish customers following a software glitch that led to incorrect charges for ATM access fees.
Cypriot Broker Executives Arrested in Moscow over Alleged RUB 7 Billion Fraud
The Federal Security Service of the Russian Federation has “stopped the illegal activities” of the executives of a Cyprus-based broker and their accomplices over an alleged fraud involving more than 7 billion rubles, the Russian version of Finance Magnates first reported.Three of the suspects have b
Reform leader Farage urges BofE to drop Britcoin plans
Nigel Farage, the leader of UK populist party Reform UK, has urged Bank of England governor Andrew Bailey not to introduce a central bank digital currency, according to The Guardian.
Deluxe agrees $625m acquisition of payment processor Celero
Deluxe, the company that invented the chequebook, has agreed a $625 million cash deal to buy payments processor Celero Commerce.
A 2 A.M. Alert, a Bad Night’s Sleep and a £25 Revolut Payout
A complaint over late-night app alerts has resulted in a compensation payment and an ombudsman ruling for Revolut, after a customer said notifications disrupted his sleep and affected his workday.Complaint and Initial ResponseThe case, reviewed by the UK Financial Ombudsman Service (FOS), involved a
Prediction Markets Are About to Go Mainstream, and Prop Firms Know It
Institutional money is edging into prediction markets, with a slice of derivatives firms already trading event contracts and many more preparing to follow, according to research firm Acuiti. Nine percent of institutional derivatives participants now trade prediction markets, the firm said, while a f
America’s Exchanges Rethink Time Through Tokenization
A US exchange is pushing forward with plans to bring tokenized equities into regulated trading, as 24X National Exchange filed a proposal with the Securities and Exchange Commission. The move would allow certain stocks and exchange-traded funds to trade in tokenized form, marking another step in tes
What is the Seychelles FSA Doing in Limassol?
If one walked the exhibition floor at the ground level of the iFX EXPO International in Limassol’s lush City of Dreams Mediterranean, one might be forgiven for doing a double-take at a booth that, much like the old Sesame Street song, was “not like the others.” While the floor was a sea of liquidity
Kalshi Integrates with StarCompliance to Bring Institutional Traders Inside the Compliance Perimeter
Kalshi has integrated with StarCompliance, giving financial firms a way to monitor employee trading in prediction markets alongside activity in equities, bonds and derivatives. The move addresses a practical problem that has slowed institutional participation in event contracts. Many firms may be i
Banking
MidFirst Bank to buy Dallas-based commercial bank
The proposed deal, expected to close in the second half of this year, follows MidFirst’s 2024 acquisition of six Houston-area locations from Amerant Bank.
Santander-Webster deal gets OCC approval
The $12.3 billion acquisition, which also needs a green light from the Federal Reserve and European Central Bank, got the OCC’s go-ahead 74 days after the application was submitted.
Kalshi Hits $5.5B in Crypto Perps, Expanding Beyond Prediction Markets
Kalshi’s crypto perpetual futures generated more than $5.5 billion in trading volume in their first two weeks. The company said it was the fastest-growing product launch in its history.The debut suggests Kalshi’s ambitions now extend beyond prediction markets. While the company built its business ar
JPMorgan blocks Claude for Hong Kong employees - FT
JPMorgan Chase is the latest Wall Street giant to remove access to Anthropic's AI models for its bankers in Hong Kong, according to the Financial Times.
Banking
Lenders ramp up scam defenses to confront elder fraud
Fifth Third Bank and Star One Credit Union are among the financial institutions implementing strategies aimed at detecting scams earlier and being more proactive.
BGC Wants to Turn AI Computing Power into the Next Tradable Commodity
BGC Group has introduced BGC Compute Infrastructure Markets, a division designed to support trading in compute and memory capacity. A growing scramble for AI infrastructure is turning compute power into a tradable asset, prompting BGC Group to launch a new division focused on brokering these emergin
Singapore Adds Bybit to Alert List Alongside Binance and KuCoin
The Monetary Authority of Singapore has added Bybit to its Investor Alert List, putting the global crypto exchange alongside Binance and KuCoin in a growing group of offshore platforms flagged to local investors. Inclusion on the MAS alert list does not necessarily imply wrongdoing. It is a formal
EBAday 2026: Zooming in on AI and digital assets as the key themes of the event
The two final panels at EBAday 2026 explored how AI systems are rapidly evolving from passive tools to autonomous agents, and recapped the highlights of this year’s events.