Financial Services

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Coinbase crypto exchange wins US OCC approval to become national trust company November 09, 2026 | Neil Roland

Coinbase said it received final approval from the US Office of the Comptroller of the Currency to be chartered as a national trust company, allowing it to expand its custody business, to the dismay of a community bankers g...(read more)

EU countries start highly political talks to replace ECB’s Lagarde November 09, 2026 | Fanny Roux

Eurozone finance ministers began informal discussions on Monday over who will succeed Christine Lagarde as European Central Bank president, with Spain's Pablo Hernández de Cos and the Netherlands' Klaas Knot as the candida...(read more)

UniCredit expects all Commerzbank deal regulatory approvals by late November November 09, 2026 | Jean Comte

UniCredit should receive all approvals needed for its Commerzbank takeover "by late November," boss Andrea Orcel has told investors. The Italian bank's chief executive suggested that the deal, currently under European Comm...(read more)

Modern US bank failures typically follow government examiners' decisions, study says November 06, 2026 | Neil Roland

Modern bank failures typically follow a decision by government supervisors rather than market forces, a US Federal Reserve Bank of New York study said. The staff study, released this week, compared bank collapses between 1...(read more)

Webull fined $4.2 million by Finra for anti-money laundering compliance failures November 05, 2026 | Samuel Rubenfeld

Investment trading platform Webull Financial was fined $4.2 million on Thursday by industry self-regulator Finra for failing to implement anti-money laundering, identity theft and best execution compliance programs.

EU lawmakers’ Nov. 10 banking competitiveness vote delayed amid differences November 05, 2026 | Fanny Roux

An EU lawmakers' vote on their priorities for the competitiveness of the bloc’s banking sector scheduled for Nov. 10 vote has been postponed to give the lead negotiator more time to bridge differences and finalize the text...(read more)

EU venture capital framework revamp expected by summer 2027 November 05, 2026 | Fanny Roux

A European Commission legislative proposal to boost the bloc's venture and growth capital markets is expected by summer 2027. It would include an initiative initially scheduled for 2026 as part of the broader Savings and I...(read more)

US OCC's AI guide says examiners should inspect banks' existing risk categories November 04, 2026 | Neil Roland

US bank examiners looking at AI risk should inspect an institution’s existing risk categories, such as operational, compliance and credit threats, rather than a "separate and distinct" risk category, according to the Offic...(read more)

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EU simplification plans raise uncertainty over privacy duties for data sharing October 29, 2026 | Júlia Tar

Providers of blockchain-based identity and document verification tools, including digital wallets, could face additional General Data Protection Regulation duties when sharing data about people they can't identify under EU...(read more)

Israeli election puts legal certainty, sanctions risk in focus for tech investors October 27, 2026 | Inbar Preiss

Israel’s election puts political stability, legal certainty and sanctions risk in focus for tech investors. Businesses seek predictable rules and international partnerships, while experts warn cryptocurrency and closer Chi...(read more)

US banking regulators probe firms in ‘de-banking’ report, mull additional rules October 20, 2026 | Neil Roland

Following a government report last week on banks’ denial of services to politically conservative clients, US regulators are investigating rule compliance among the banks in the report and are considering rules to protect f...(read more)

BofA’s transaction monitoring system failed to capture risks, US alleges October 16, 2026 | Samuel Rubenfeld

When Bank of America designed and implemented a transaction monitoring system in 2010, the bank had described the program as the first of its kind in the industry, according to documents released Tuesday by the US Treasury...(read more)

EU countries likely to keep power to set securitization due-diligence sanctions October 16, 2026 | Fanny Roux

EU countries could retain the power to set administrative penalties for breaches of securitization due-diligence requirements, under a compromise being considered ahead of negotiations between EU governments and lawmakers ...(read more)

EU lawmakers seek deal on divisive crypto oversight, stablecoins, market abuse October 14, 2026 | Fanny Roux

Significant cryptoasset service providers would come under ESMA's direct supervision, and smaller ones could opt for EU-level oversight, under a compromise proposed as part of lawmakers' scrutiny of the EU capital markets ...(read more)

On capital markets integration, EU govts reach a scaled back but pragmatic deal October 09, 2026 | Fanny Roux

A major deal on centralizing significant EU market entities was reached on Friday among EU finance ministers. The agreement narrows the proposed scope of entities transferred to ESMA, including trading venues, and weakens ...(read more)

EU countries inch closer to centralized market supervision deal, draft shows October 05, 2026 | Fanny Roux

Significant market infrastructures such as trading venues, clearinghouses and central securities depositories would be supervised by the EU watchdog, as well as significant crypto-asset services providers, under a compromi...(read more)