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Wise Applies for U.S. Trust Bank Charter to Tap Fed Payment Rails
(2 July 2025 – United States) UK-based money transfer firm Wise has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a nondepositary national […]
(2 July 2025 – United States) UK-based money transfer firm Wise has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a nondepositary national […]
(1 July 2025 – Global) Despite the recent cease fire in US-China trade tensions, the global economy still faces a steep slowdown in response to the most severe […]
(27 June 2025 – United Kingdom) The UK’s Competition Appeal Tribunal has unanimously found that Visa and Mastercard’s multilateral interchange fees – the charges levied on retailers when […]
(17 June 2025 – China) The US-China trade war has unexpectedly triggered a shipping rush pushing up demand for financial services, Zhang Kangqi reports for Lianhe Zaobao. As […]
(5 June 2025 – United Kingdom) The UK’s Financial Conduct Authority (FCA) has warned that any compensation scheme linked to the car finance mis-selling scandal must avoid destabilising […]
(4 June 2025 – Australia) The Australian corporate regulator is facing a growing push to regulate private markets more strictly as major market participants voice their concerns over […]
(3 June 2025 – United States) The U.S. Federal Reserve has lifted Wells Fargo’s $1.95 trillion asset cap after seven years, marking a significant milestone in the bank’s […]
(28 May 2025 – United States) What are the implications for the money movement industry from US President Trump’s inhibitive 3.5 percent tax on remittances from non-US citizens […]
(19 May 2025 – Sweden) Sweden’s central bank is urging a legislative rethink on cash use, proposing new obligations for merchants and banks to preserve cash access amid […]
(19 May 2025 – Australia) Australia’s corporate regulator is taking legal action against Macquarie Securities (Australia) Limited (MSAL), alleging the firm significantly misreported millions of short sale trades […]