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Citi and BofA block AI agents from customer accounts. Banks are protecting their interestsCitibank and Bank of America, following a number of other U.S. banks, have blocked AI-powered agents from accessing their customersโ accounts. Lenders fear that automated assistants will start moving money held in deposits into higher-yielding instruments.
Citi and BofA block AI agents from customer accounts. Banks are protecting their interests
Citibank and Bank of America, following a number of other U.S. banks, have blocked AI-powered agents from accessing their customersโ accounts. Lenders fear that automated assistants will start moving money held in deposits into higher-yielding instruments.
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Bank of America shares head for their worst day since April 2025Shares of Bank of America, the second-largest bank in the U.S., fell 8.7% in trading on October 14 and were heading for their steepest one-day decline since April 2025, Yahoo Finance noted. A $1.2 billion fine for shortcomings in its anti-money-laundering system hit both the bankโs share price and its quarterly results.
Bank of America shares head for their worst day since April 2025
Shares of Bank of America, the second-largest bank in the U.S., fell 8.7% in trading on October 14 and were heading for their steepest one-day decline since April 2025, Yahoo Finance noted. A $1.2 billion fine for shortcomings in its anti-money-laundering system hit both the bankโs share price and its quarterly results.
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โIt will already be too lateโ: Why the tengeโs devaluation is inevitableThe tenge is fundamentally overvalued by almost a quarter, said Bauyrzhan Tulepov, Deputy Chairman of the Management Board at Halyk Finance, speaking at the Cbonds Capital Markets Kazakhstan conference in Almaty. โI donโt consider devaluation a good thing, and Iโm not an advocate of it. But in our case, it is inevitable, and even if it happens right now, it will already be too late,โ he said in a subsequent conversation.
โIt will already be too lateโ: Why the tengeโs devaluation is inevitable
The tenge is fundamentally overvalued by almost a quarter, said Bauyrzhan Tulepov, Deputy Chairman of the Management Board at Halyk Finance, speaking at the Cbonds Capital Markets Kazakhstan conference in Almaty. โI donโt consider devaluation a good thing, and Iโm not an advocate of it. But in our case, it is inevitable, and even if it happens right now, it will already be too late,โ he said in a subsequent conversation.
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Number of Digital Ruble Accounts in Russia Exceeded 220,000 in the First MonthThe early adoption of Russiaโs central bank digital currencyโthe digital rubleโfar exceeded forecasts: more than 220,000 accounts were opened in the first month. This was the first test of whether CBDCs can move beyond pilot programs and achieve real-world adoption.
Number of Digital Ruble Accounts in Russia Exceeded 220,000 in the First Month
The early adoption of Russiaโs central bank digital currencyโthe digital rubleโfar exceeded forecasts: more than 220,000 accounts were opened in the first month. This was the first test of whether CBDCs can move beyond pilot programs and achieve real-world adoption.
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โIโd leave tomorrowโ: How Raiffeisen hopes to accelerate its exit from RussiaRaiffeisen Bank Internationalโs efforts to exit Russia could gain new momentum if it manages to receive โฌ3.15 billion ($3.5 billion) under a court ruling in its case against Rasperia Trading, Raiffeisen Bank International CEO Michael Hรถllerer said at a Bloomberg event in Vienna.
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โWe still have several more stages to go through in this very complex process,โ Bloomberg quoted Hรถllerer as saying. He noted that if these stages are completed successfully, it would give the bank โmore flexibility in its next steps toward exiting Russia.โ
โIโd leave tomorrowโ: How Raiffeisen hopes to accelerate its exit from Russia
Raiffeisen Bank Internationalโs efforts to exit Russia could gain new momentum if it manages to receive โฌ3.15 billion ($3.5 billion) under a court ruling in its case against Rasperia Trading, Raiffeisen Bank International CEO Michael Hรถllerer said at a Bloomberg event in Vienna.
Details
โWe still have several more stages to go through in this very complex process,โ Bloomberg quoted Hรถllerer as saying. He noted that if these stages are completed successfully, it would give the bank โmore flexibility in its next steps toward exiting Russia.โ
Details
โWe still have several more stages to go through in this very complex process,โ Bloomberg quoted Hรถllerer as saying. He noted that if these stages are completed successfully, it would give the bank โmore flexibility in its next steps toward exiting Russia.โ
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Putin authorized UniCredit to sell assets in RussiaRussian President Vladimir Putin signed an โorder on a special decision regarding the reorganizationโ of the Russian-registered joint-stock company UniCredit Bank, part of the Italian financial group UniCredit. A copy of the document was published on Russiaโs legal information portal on Monday, October 5.
Putin authorized UniCredit to sell assets in Russia
Russian President Vladimir Putin signed an โorder on a special decision regarding the reorganizationโ of the Russian-registered joint-stock company UniCredit Bank, part of the Italian financial group UniCredit. A copy of the document was published on Russiaโs legal information portal on Monday, October 5.
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El Salvador received $138 million from the IMF after Bitcoin-related exemptions were grantedThe International Monetary Fund approved the immediate disbursement to El Salvador of about $138 million under the countryโs $1.4 billion financial program, despite the failure to meet some performance criteria.
On Thursday, the IMF Executive Board concluded the second and third reviews under El Salvadorโs $40-month Extended Fund Facility (EFF) arrangement, the fund said in a press release.
El Salvador received $138 million from the IMF after Bitcoin-related exemptions were granted
The International Monetary Fund approved the immediate disbursement to El Salvador of about $138 million under the countryโs $1.4 billion financial program, despite the failure to meet some performance criteria.
On Thursday, the IMF Executive Board concluded the second and third reviews under El Salvadorโs $40-month Extended Fund Facility (EFF) arrangement, the fund said in a press release.
On Thursday, the IMF Executive Board concluded the second and third reviews under El Salvadorโs $40-month Extended Fund Facility (EFF) arrangement, the fund said in a press release.
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In Russia, the government has started paying salaries in digital rublesTo receive digital rubles, employees open accounts themselves on the Bank of Russia's platform, the government reported. The Ministry of Finance clarified that no one is required to receive a salary in digital rubles; this happens solely at the person's request.
So far, salaries for civil servants and budget-funded workers have been paid with the central bank's digital currency (CBDC) only on a trial basis. The tests began last year; they were conducted by the Ministry of Finance and the Federal Treasury. In addition to salaries, the state also paid scholarships on a trial basis, as well as certain payments under government contracts.
In Russia, the government has started paying salaries in digital rubles
To receive digital rubles, employees open accounts themselves on the Bank of Russia's platform, the government reported. The Ministry of Finance clarified that no one is required to receive a salary in digital rubles; this happens solely at the person's request.
So far, salaries for civil servants and budget-funded workers have been paid with the central bank's digital currency (CBDC) only on a trial basis. The tests began last year; they were conducted by the Ministry of Finance and the Federal Treasury. In addition to salaries, the state also paid scholarships on a trial basis, as well as certain payments under government contracts.
So far, salaries for civil servants and budget-funded workers have been paid with the central bank's digital currency (CBDC) only on a trial basis. The tests began last year; they were conducted by the Ministry of Finance and the Federal Treasury. In addition to salaries, the state also paid scholarships on a trial basis, as well as certain payments under government contracts.
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Taylor of the Bank of England: higher energy prices are not a reason to raise ratesAlan Taylor, a member of the Monetary Policy Committee of the Bank of England, said on Tuesday that there is not yet sufficient justification for raising interest ratesโuntil high energy prices show clearer signs of spreading inflation into the wider economy.
Taylor of the Bank of England: higher energy prices are not a reason to raise rates
Alan Taylor, a member of the Monetary Policy Committee of the Bank of England, said on Tuesday that there is not yet sufficient justification for raising interest ratesโuntil high energy prices show clearer signs of spreading inflation into the wider economy.
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Investors chose liquidity: how the money market overtook bond fundsPrivate investors of VIM Investitsiy became more active in choosing money market instruments in the summer, the company told RBC Investitsiy. In July, they allocated โฝ4.4 billion to these instrumentsโthe largest amount since the start of the yearโand in August they invested another โฝ3.4 billion. In both months, inflows into the money market exceeded investments in bond funds by more than three times.
Investors chose liquidity: how the money market overtook bond funds
Private investors of VIM Investitsiy became more active in choosing money market instruments in the summer, the company told RBC Investitsiy. In July, they allocated โฝ4.4 billion to these instrumentsโthe largest amount since the start of the yearโand in August they invested another โฝ3.4 billion. In both months, inflows into the money market exceeded investments in bond funds by more than three times.
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Euroclear filed a cassation appeal in the case concerning recovery of funds in favor of the Bank of RussiaOn 24 September, the Belgian depository Euroclear filed a cassation appeal in a lawsuit brought by the Bank of Russia to recover approximately โฌ200 billion. This follows from the arbitration case docket (case No. A40-345157/2025).
In the calendar, two identical entries regarding Euroclearโs cassation appeal are shown for 24 September. From publicly available data it is unclear whether they relate to two separate appeals or whether a single filing is reflected twice. The text of the appeal and the order accepting it for proceedings have not yet been published.
Euroclear filed a cassation appeal in the case concerning recovery of funds in favor of the Bank of Russia
On 24 September, the Belgian depository Euroclear filed a cassation appeal in a lawsuit brought by the Bank of Russia to recover approximately โฌ200 billion. This follows from the arbitration case docket (case No. A40-345157/2025).
In the calendar, two identical entries regarding Euroclearโs cassation appeal are shown for 24 September. From publicly available data it is unclear whether they relate to two separate appeals or whether a single filing is reflected twice. The text of the appeal and the order accepting it for proceedings have not yet been published.
In the calendar, two identical entries regarding Euroclearโs cassation appeal are shown for 24 September. From publicly available data it is unclear whether they relate to two separate appeals or whether a single filing is reflected twice. The text of the appeal and the order accepting it for proceedings have not yet been published.
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The Fed wants to raise the bank supervision threshold โ Reuters. Who will benefit from it?The U.S. Federal Reserve System wants to raise the thresholds for the size of assets after which large banks come under enhanced supervision, Reuters sources said. This would allow some credit institutions to avoid costly additional regulation and could spur consolidation in the banking sector, the agency writes. It named the specific banks that would benefit from this.
The Fed wants to raise the bank supervision threshold โ Reuters. Who will benefit from it?
The U.S. Federal Reserve System wants to raise the thresholds for the size of assets after which large banks come under enhanced supervision, Reuters sources said. This would allow some credit institutions to avoid costly additional regulation and could spur consolidation in the banking sector, the agency writes. It named the specific banks that would benefit from this.
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Revolut launches facial recognition payments in the UKRevolut fintech users will be able to make payments at cafรฉs or shops using facial recognition technology. In an effort to attract more business customers, the company is currently testing the relevant tool in the UK, Bloomberg reports citing a company statement.
Details
Revolut launches facial recognition payments in the UK
Revolut fintech users will be able to make payments at cafรฉs or shops using facial recognition technology. In an effort to attract more business customers, the company is currently testing the relevant tool in the UK, Bloomberg reports citing a company statement.
Details
Details
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โThe U.S. is the main prizeโ: how Revolut and Nubank plan to conquer the American marketThe two largest digital banks in the world, Revolut and Nubank, have this year received conditional approval for licenses in the United States and are now simultaneously preparing to expand their presence in the country. How they compete for a share of an oversaturated market and what prize may await the winner at the end is described by the Financial Times.
โThe U.S. is the main prizeโ: how Revolut and Nubank plan to conquer the American market
The two largest digital banks in the world, Revolut and Nubank, have this year received conditional approval for licenses in the United States and are now simultaneously preparing to expand their presence in the country. How they compete for a share of an oversaturated market and what prize may await the winner at the end is described by the Financial Times.
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The ECB and EU central banks seek changes to MiCA requirements for bank deposits of stablecoinsThe European Central Bank (ECB) and EU central banks want to replace mandatory threshold values for bank deposits of stablecoins with new liquidity requirements, arguing that large stablecoin deposits can create liquidity risks for banks.
The ECB and EU central banks seek changes to MiCA requirements for bank deposits of stablecoins
The European Central Bank (ECB) and EU central banks want to replace mandatory threshold values for bank deposits of stablecoins with new liquidity requirements, arguing that large stablecoin deposits can create liquidity risks for banks.
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China imported a record 1,000 tons of gold since the start of the yearGold imports into China this year have reached record levels thanks to a collapse in international prices and a stronger yuan, Bloomberg reports.
Purchases for the period through August exceeded 1,000 tons, surpassing the total for all of 2025, according to the latest customs data compiled since 2017. Strong investment demand keeps domestic prices at a slight premium to global benchmarks, which is boosting imports, said Ziqjie Wu, an analyst at Jinrui Futures Co.
China imported a record 1,000 tons of gold since the start of the year
Gold imports into China this year have reached record levels thanks to a collapse in international prices and a stronger yuan, Bloomberg reports.
Purchases for the period through August exceeded 1,000 tons, surpassing the total for all of 2025, according to the latest customs data compiled since 2017. Strong investment demand keeps domestic prices at a slight premium to global benchmarks, which is boosting imports, said Ziqjie Wu, an analyst at Jinrui Futures Co.
Purchases for the period through August exceeded 1,000 tons, surpassing the total for all of 2025, according to the latest customs data compiled since 2017. Strong investment demand keeps domestic prices at a slight premium to global benchmarks, which is boosting imports, said Ziqjie Wu, an analyst at Jinrui Futures Co.
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Shares of KitKat and Nespresso owner fell after losing control of assets in RussiaShares of Swiss food company Nestlรฉ fell by more than 2% in trading on Friday, September 18. The stock price declined following Russiaโs decision to transfer the companyโs assets in the country to temporary management by a local company, โL.E.V. Management.โ Similar measures were applied to the Russian business of the French retail chain Auchan and โLemana Proโโthe former Russian asset of French Leroy Merlin.
Shares of KitKat and Nespresso owner fell after losing control of assets in Russia
Shares of Swiss food company Nestlรฉ fell by more than 2% in trading on Friday, September 18. The stock price declined following Russiaโs decision to transfer the companyโs assets in the country to temporary management by a local company, โL.E.V. Management.โ Similar measures were applied to the Russian business of the French retail chain Auchan and โLemana Proโโthe former Russian asset of French Leroy Merlin.
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Shares of major U.S. banks fell after BofA forecastShares of major U.S. banks fell on Tuesday after Bank of America issued a disappointing outlook for third-quarter investment-banking earnings.
Goldman Sachs (New York:GS) fell by 2.5%, JPMorgan Chase (New York:JPM) lost 1.4%. Bank of America (New York:BAC) declined by 0.4%, Morgan Stanley (New York:MS) โ by 1.8%, Citigroup (New York:C) โ by 0.5%.
Shares of major U.S. banks fell after BofA forecast
Shares of major U.S. banks fell on Tuesday after Bank of America issued a disappointing outlook for third-quarter investment-banking earnings.
Goldman Sachs (New York:GS) fell by 2.5%, JPMorgan Chase (New York:JPM) lost 1.4%. Bank of America (New York:BAC) declined by 0.4%, Morgan Stanley (New York:MS) โ by 1.8%, Citigroup (New York:C) โ by 0.5%.
Goldman Sachs (New York:GS) fell by 2.5%, JPMorgan Chase (New York:JPM) lost 1.4%. Bank of America (New York:BAC) declined by 0.4%, Morgan Stanley (New York:MS) โ by 1.8%, Citigroup (New York:C) โ by 0.5%.
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"Rates Held Steady, But Hikes Loom Ahead ๐จ
The New Zealand central bank has decided to keep interest rates unchanged in a closely contested vote, but warned that hikes may be on the horizon sooner rather than later. This decision has sent a mixed signal to the market, with some investors interpreting it as a sign that the bank is taking a cautious approach to monetary policy, while others see it as a precursor to tighter monetary conditions. The market impact is likely to be limited in the short term, but the prospect of earlier-than-expected rate hikes could lead to increased volatility in the coming months. As investors weigh the implications of this decision, one thing is clear: the New Zealand central bank is keeping a close eye on the economy and is prepared to act if necessary. #Crypto #Markets #BTC #FinancialNews"
"Rates Held Steady, But Hikes Loom Ahead ๐จ
The New Zealand central bank has decided to keep interest rates unchanged in a closely contested vote, but warned that hikes may be on the horizon sooner rather than later. This decision has sent a mixed signal to the market, with some investors interpreting it as a sign that the bank is taking a cautious approach to monetary policy, while others see it as a precursor to tighter monetary conditions. The market impact is likely to be limited in the short term, but the prospect of earlier-than-expected rate hikes could lead to increased volatility in the coming months. As investors weigh the implications of this decision, one thing is clear: the New Zealand central bank is keeping a close eye on the economy and is prepared to act if necessary. #Crypto #Markets #BTC #FinancialNews"
The New Zealand central bank has decided to keep interest rates unchanged in a closely contested vote, but warned that hikes may be on the horizon sooner rather than later. This decision has sent a mixed signal to the market, with some investors interpreting it as a sign that the bank is taking a cautious approach to monetary policy, while others see it as a precursor to tighter monetary conditions. The market impact is likely to be limited in the short term, but the prospect of earlier-than-expected rate hikes could lead to increased volatility in the coming months. As investors weigh the implications of this decision, one thing is clear: the New Zealand central bank is keeping a close eye on the economy and is prepared to act if necessary. #Crypto #Markets #BTC #FinancialNews"
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Bank of England: Tokenized Deposits Will Outcompete StablecoinsBank of England Monetary Policy Committee member Megan Green stated on Sunday that tokenized deposits are likely to push Stablecoins out within five years, as commercial banks aim to protect the traditional deposit base.
Green spoke at a conference in Dubrovnik, Croatia, and noted that digital versions of traditional bank deposits could become the dominant form of digital money. "I believe that tokenized deposits will likely outcompete Stablecoins, and in five years, we might be wondering why we even talked about Stablecoins at all," she said.
Bank of England: Tokenized Deposits Will Outcompete Stablecoins
Bank of England Monetary Policy Committee member Megan Green stated on Sunday that tokenized deposits are likely to push Stablecoins out within five years, as commercial banks aim to protect the traditional deposit base.
Green spoke at a conference in Dubrovnik, Croatia, and noted that digital versions of traditional bank deposits could become the dominant form of digital money. "I believe that tokenized deposits will likely outcompete Stablecoins, and in five years, we might be wondering why we even talked about Stablecoins at all," she said.
Green spoke at a conference in Dubrovnik, Croatia, and noted that digital versions of traditional bank deposits could become the dominant form of digital money. "I believe that tokenized deposits will likely outcompete Stablecoins, and in five years, we might be wondering why we even talked about Stablecoins at all," she said.
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