Search Results for "banks"
Constitutional Rights Trump Bank Loans: Madras HC Slams Banks Over Travel Bans
The Madras High Court ruled that banks cannot prevent loan defaulters, who are not facing criminal charges, from traveling abroad, stating that constitutional rights are not mortgaged with banks. Just…
Wells Fargo in Talks With Kraken Parent Payward for Crypto Trading Liquidity
The discussions would see Payward supply liquidity for crypto trading as major banks deepen their involvement in digital assets. Stakeholders assess operational and strategic impacts following recent …
Apollo, Banks in Talks to Finance Spacex's $40 Billion Nvidia GPU Purchase
Since SpaceX's record-breaking IPO in June, rates have sold off, and yields on its bonds have risen, along with other AI-related bonds. Stakeholders assess operational and strategic impacts following …
Teradyne Introduces Titan HP Platform With Burn-in Capabilities
Teradyne, Inc., a leading provider of automated test equipment and advanced robotics, announced a production-ready system that delivers enhanced burn-in capabilities on its Titan HP platform. Traditio…
State, Ut-level Bankers’ Committees Asked to Report Share of SC Beneficiaries in Jobs, Loan Subsidy Schemes
Advisory comes after National Commission for SCs flagged that it was unable to monitor banks’ performance in the absence of such data in SLBC/UTLBC review reports Stakeholders assess operational and …
Kazakhstan's Central Bank Taps Tether to Explore Stablecoin and Tokenization
The National Bank of Kazakhstan has partnered with Tether to study the feasibility of a local currency-linked stablecoin and tokenized real-world assets. The collaboration aims to explore blockchain-b…
Swift's Tokenized Deposits Face Major Hurdle: Banks Need Their Own Blockchain Layers, Taurus Co-Founder Warns
Lamine Brahimi, co-founder of digital asset infrastructure firm Taurus, cautioned that banks must first develop their own permissioned ledgers, wallet tools, and smart-contract capabilities before the…
Cyber Fraud Victims Face Delays and Little Accountability from Banks
13% of respondents experienced cybercrime in the past two to three years, with 54% of victims reporting digital financial fraud; while most victims approached banks within 24 hours, many reported dela…
SpaceX Reportedly Is Looking to Raise As Much Money As the Company Generates in Revenue To Moves to Acquire Nvidia Chips in Landmark Industry Deal
Elon Musk’s SpaceX is in talks with banks and investors to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report. Stakeholders assess operational and strategic i…
Rain Bypasses Banks: Stablecoin Firm Seeks National Trust Charter
Rain, a stablecoin payments company, is seeking a national trust bank charter in New York to custody digital assets and dollars, manage stablecoin reserves, and issue and redeem dollar-backed tokens. …
UBS Only European Bank in Top 10 of AI Adoption As Jpmorgan Chase Leads
UBS is now the only European lender among the top 10 banks judged most advanced in adopting artificial intelligence, after HSBC dropped out of the top tier of the Evident AI Index, while JPMorgan Chas…
Council Banks on Padel Boom to Turn Profit After £1m Investment in Southampton
The city is set to get its first public padel courts, with six new courts planned as part of a £38 million redevelopment of the city's Outdoor Sports Centre. Stakeholders assess operational and strate…