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Major U.S. banks disclosed plans this week to limit hiring and restructure operations around artificial intelligence, marking a shift in Wall Street employment practices even as firms report record profits. JPMorgan Chase and Goldman Sachs announced they would constrain workforce growth while deploy

Revolut's path to obtaining a full UK banking license has stalled as British regulators question whether the London-based fintech company's risk management systems can handle its aggressive international expansion. The Bank of England and the Prudential Regulation Authority have pressed the digital

JPMorgan Chase is developing infrastructure to allow clients to trade cryptocurrencies directly through the bank, marking a significant departure from Wall Street's historically skeptical stance toward digital assets. Senior executives outlined the plans in media appearances this week, signaling tha

Morgan Stanley instructed its financial advisors Friday that all clients can now access cryptocurrency investments regardless of net worth or risk profile, a reversal of restrictions that previously limited such products to the firm's wealthiest and most aggressive investors. The change takes effect

The Bank of England is preparing to grant exemptions to its proposed stablecoin ownership limits, allowing certain digital asset firms including crypto exchanges to hold large amounts of the tokens, according to people familiar with the matter. The move marks a potential shift in the central bank's