Flash News

TREE NEWS update: US Treasury Secretary Scott Bessent said he will continue working to ensure fair access to banking services, pointing to banks using reputational-risk policies to “de-bank” people. The statement, made in a post, did not name specific institutions or announce new measures.

TREE NEWS update: Payward, the parent company of crypto exchange Kraken, has agreed to acquire Lithuanian lender Saldo Bank, with the deal expected to close in 2027. The acquisition would let Payward expand its traditional banking services into four EU operating markets already served by Saldo Bank.

TREE NEWS update: European Central Bank Governing Council member Gediminas Simkus said the ECB has not yet seen clear second-round effects, while recent data suggest further tightening may be needed. He said the rise in French bond yields stems from economic developments, that discussing the minimum reserve requirement is not inappropriate, and that while December brings more data, an October move cannot be ruled out.

TREE NEWS update: Bank of America’s fixed income trading revenue fell 17% to $2.55 billion and equities trading revenue dropped 10% to $25.1 billion in the latest quarter, both missing expectations, the bank said Wednesday. BofA also recorded a $1.2 billion non-deductible charge tied to anti-money-laundering and sanctions penalties announced by the U.S. Treasury on Tuesday, cutting net income by 17 cents per share.

TREE NEWS update: Bank of America’s chief financial officer said the bank has worked with regulators to resolve sanctions-related issues. The CFO disclosed the engagement with authorities but did not specify the nature of the issues, the regulators involved, or any financial penalties. No further details were provided.

TREE NEWS reports: Bank of America’s chief financial officer said the bank has worked with regulators to resolve issues related to sanctions. The CFO disclosed discussions with authorities but did not specify the nature of the issues, the regulators involved, or any financial penalties. No further details were provided.

TREE NEWS reports: Bank of America’s Chief Financial Officer (CFO) said the bank has been working with regulators to resolve issues related to sanctions. The CFO disclosed discussions with authorities but did not specify the nature of the issues, the regulators involved, or whether monetary penalties were imposed. No further details were provided.

TREE NEWS update: Qivalis, a 37-bank venture, has secured a Dutch e-money license for its planned euro stablecoin. The token will be distributed through financial intermediaries, with issuance expected in the coming months.

TREE NEWS reports: Coins.ph said its license from the Philippine central bank remains valid, rebutting reports that it could be revoked over alleged foreign gambling transactions. The exchange did not say whether regulators have opened a review into the matter. The Philippine central bank has not commented on the reported revocation allegations.

TREE NEWS update: Coins.ph said its license from the Philippine central bank remains intact, pushing back on reports that it could be revoked over alleged offshore gambling transactions. The exchange did not say whether regulators have opened a review of the matter. The Philippine central bank has not commented on the reported revocation claims.

TREE NEWS update: The 15th trilateral meeting of the central bank governors of China, Japan and South Korea was held in Bangkok, chaired by Bank of Korea Governor Shin Hyun-song, with People’s Bank of China Governor Pan Gongsheng and Bank of Japan Governor Kazuo Ueda attending. The governors exchanged views on recent economic and financial conditions. The 16th meeting will be hosted by the People’s Bank of China in 2027.

TREE NEWS reports: The 15th trilateral meeting of the central bank governors of China, Japan, and South Korea was held in Bangkok, chaired by Bank of Korea Governor Shin Hyun-song, with People’s Bank of China Governor Pan Gongsheng and Bank of Japan Governor Kazuo Ueda in attendance. The governors exchanged views on recent economic and financial conditions. The 16th meeting will be hosted by the People’s Bank of China in 2027.

TREE NEWS update: A South Korean media regulator has won approval to block access to KuCoin, MEXC and 25 other unregistered crypto sites, extending its crackdown from app stores to websites. The Financial Intelligence Unit said future blocks will not wait for victim reports or court rulings.

TREE NEWS update: Sam Bankman-Fried’s lawyer has laid out the former FTX CEO’s case before the US Supreme Court, which would decide whether to grant review. Should the justices take the case, a decision could come as early as June 2027. Bankman-Fried is serving a 25-year sentence for fraud and conspiracy over FTX’s collapse.

TREE NEWS update: India’s securities regulator SEBI has proposed permitting companies valued below 10 billion Indian rupees to list on the small and medium enterprise board. The proposal would lower the valuation threshold for SME listings on Indian exchanges. No further details on the timing or scope of the measure were given.

TREE NEWS update: Shandong’s provincial government office issued an implementation opinion on accelerating high-quality development of the data industry, calling for deeper data annotation and processing. The plan backs cities and counties with the right conditions to build AI-focused data annotation industries, and pushes development of intelligent annotation and 4D labeling technologies to raise capability in complex fields such as fintech and biomedicine, moving the sector toward technology-intensive, higher-value-added work.

TREE NEWS update: Standard Chartered has expanded its spot cryptocurrency trading services to professional investors in the UAE, adding Bitcoin and Ether to its regional offering. The bank said it plans to open access to a broader set of market participants. The move extends the London-based lender’s crypto footprint in the Middle East.

TREE NEWS update: BitMEX is being sued in the UK for the return of $27 million in Bitcoin tied to 1,053 loss-making perpetual swap trades made between 2018 and 2022. The claim also accuses the now-closed exchange of deceit over the unlicensed derivatives.

TREE NEWS update: Kraken is acquiring EU-regulated Saldo Bank, with the transaction expected to be completed in 2027. The crypto exchange’s move to take over the licensed European bank would extend its regulated footprint in the EU. No financial terms of the deal were disclosed.