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Italy's ambitious banking consolidation drive has largely collapsed after government intervention and shareholder opposition killed two major acquisition attempts worth more than $24 billion combined. UniCredit abandoned its nearly $17.5 billion bid for Banco BPM in July, citing unclear conditions i

Global banking giant Citigroup is launching stablecoin custody and payment services, marking a significant entry into digital assets following recent U.S. regulatory changes that have created clearer guidelines for financial institutions operating in the cryptocurrency space. What to Know: Citigroup

Malaysia has introduced Ryt Bank, an artificial intelligence-powered digital banking platform that offers interest rates reaching 4% annually. The institution represents a collaboration between YTL Group and Sea Limited, marking the country's entry into AI-driven financial services with multilingual

Bitwise Chief Investment Officer Matt Hougan launched a pointed attack against JPMorgan Chase this week, escalating tensions between cryptocurrency firms and America's largest banks over congressional efforts to restrict stablecoin yields. The confrontation represents the latest flashpoint in what i

A senior Citi executive has warned that allowing interest payments on stablecoin deposits could trigger massive outflows from traditional banks, potentially draining $6.6 trillion from the banking system in a scenario reminiscent of the money market fund surge that disrupted finance in the 1980s. Wh