Topic: #banking
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CrowdStrike says South Korean bank hacker likely operated from China
CrowdStrike assessed that a Chinese-speaking hacker it didn't tie to any organized group likely ran attacks on South Korean banks from China, using AI tools including ARTEX and Claude, Crypto Briefing reported.
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Standard Chartered to offer crypto custody to institutional clients via Zodia
Standard Chartered announced it will offer custody for selected cryptoassets to institutional clients through its Zodia Custody platform, according to a Crypto Briefing report on the bank's digital asset strategy.
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Wells Fargo in talks with Kraken parent Payward on crypto liquidity, CoinDesk reports
Kraken parent Payward is in talks to become a crypto liquidity provider to Wells Fargo, CoinDesk reported, citing two people familiar. The talks are ongoing and may not lead to a deal. Both firms declined to comment.
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Hong Kong questions HSBC over Singapore AI Centre of Excellence plan
Hong Kong has questioned HSBC about its planned Global AI Centre of Excellence in Singapore, according to Crypto Briefing. The hub is expected to add more than 100 AI roles, and the bank calls it a resource allocation, not a withdrawal.
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Kraken parent Payward joins Singapore Gulf Bank's SGB Net for 24/7 dollar funding
Payward, Kraken's parent, connected to Singapore Gulf Bank's SGB Net clearing network, opening round-the-clock US-dollar funding for selected institutional clients in Asia and the Gulf, per an Oct. 5 release.
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Kraken parent Payward adds 24/7 dollar settlement with Singapore Gulf Bank
Payward, the parent of Kraken, partnered with Bahrain-regulated Singapore Gulf Bank to offer 24/7 US dollar settlement through SGB Net for select institutional clients in Asia and the Gulf region.
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HSBC names Hong Kong stablecoin RedCoin, plans P2P and merchant payments first
HSBC has named its planned Hong Kong stablecoin HSBC RedCoin. In a Sept. 20 announcement, the bank said it will first support P2P and person-to-merchant payments, with corporate and institutional uses to follow.
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Citi and Coinbase link banking rails for two-way stablecoin payments, newsletter says
Large Citi corporate clients can accept stablecoin payments without holding tokens, with Coinbase converting them to dollars, according to Tyler Warner's Morning Minute newsletter published by Decrypt.
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The Clearing House picks Quant for tokenized deposits; announcements silent on QNT
The Clearing House chose Quant to supply software for a planned US tokenized-deposit network due in the first half of 2027, but the announcements don't say whether banks need the QNT token.
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Bitget $387.5M breach: Sygnum shields institutions while retail freezes
Bitget's $387.5 million breach on September 24 triggered a withdrawal freeze, but Sygnum's Swiss bank custody service let institutional clients trade with collateral held off-exchange—a protection unavailable to retail traders.
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IBM Digital Asset Haven connects to Swift's blockchain ledger for tokenized deposits
IBM's Digital Asset Haven platform can now interface with Swift's shared ledger, enabling institutional clients to execute tokenized deposit transactions. The integration links two major pieces of institutional blockchain infrastructure built in the past year.
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Major banks warn AI shopping agents outpace fraud protections
A consortium of major banks including Bank of America, NatWest, and Capital One released a joint report on September 22, 2026, warning that AI shopping agents pose regulatory and security risks, and calling for mandatory disclosure requirements and stronger consumer protections.
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Banks double MiCA provider share to 23% on ESMA register
Banks now represent nearly one in four providers on ESMA's MiCA register after roughly doubling their presence since late June, driven largely by German lenders entering the crypto-asset services market.
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Block applies for OCC trust bank charter for Bitcoin custody
Block has applied to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, a federally supervised national trust bank for digital asset custody that would not accept deposits or make loans.
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China tobacco monopoly injects CNY 60 billion into ICBC, ABC
China National Tobacco Corporation is investing CNY 60 billion into Industrial and Commercial Bank of China and Agricultural Bank of China as part of a CNY 260 billion capital raise announced September 6, underscoring Beijing's reliance on profitable state monopolies to shore up financial institutions.
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Standard Chartered launches Bitcoin, Ether trading in UAE
Standard Chartered became the first Global Systemically Important Bank to offer institutional digital asset trading in the UAE, while Hyperscale Data ended Bitcoin mining to make room for an AI data center customer worth up to $3 billion over 20 years. New Jersey challenged federal authority over prediction market sports betting.
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Bank Leumi launches direct crypto trading with Galaxy Digital
Israel's largest bank, Bank Leumi, announced a partnership with Galaxy Digital to offer Bitcoin, Ethereum, and Solana trading to its customers, launching in early 2027 and becoming the first bank in the country to provide direct digital asset services.
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Banks shift to stablecoin payment rails, signaling structural change
Traditional banks are abandoning Bitcoin for stablecoin infrastructure to enable faster cross-border payments and lower transaction costs. Coinbase's partnerships and regulatory approvals position the exchange as a key infrastructure provider in this transition.
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DAAQ delays Old Glory Bank merger vote to August 14 amid capital crisis
Digital Asset Acquisition Corp. postponed its shareholder vote on merging with Old Glory Bank's parent company to August 14, disclosing no reason for the delay and leaving the deal's $50 million cash requirement unresolved as the bank remains severely undercapitalized.
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AMINA Swiss crypto bank explores public listing with Cantor
AMINA, a regulated Swiss digital asset bank, is working with Cantor to explore options for going public, though discussions remain ongoing and no final decision has been made. The bank is prioritizing strategic growth capital over a quick market listing.
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Goldman Sachs CEO Backs Crypto Clarity Act, Splits With Wall Street
David Solomon endorsed the Clarity Act's regulatory framework, splitting from JPMorgan and banking trade groups fighting stablecoin-yield provisions that could compete with traditional deposit accounts.
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UK Lawmakers Launch Inquiry Into Crypto Banking Access Barriers
A cross-party parliamentary group is investigating why UK banks block accounts and restrict payments for crypto firms, examining whether the barriers are holding back the sector's growth and regulatory compliance.
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EU Commission drafts banking reforms to unlock €475 billion in capital
The European Commission has prepared sweeping banking reforms designed to free up approximately €475 billion in capital and liquidity currently trapped by national ring-fencing rules, with final legislative proposals expected in Q1 2027.
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Banks Race to Become Stablecoin Gateways as Volumes Surge
Standard Chartered and BNY Mellon have announced direct institutional access to stablecoin minting and redemption, signaling a fundamental shift in how global systemically important banks view digital assets. Chainalysis projects stablecoin settlement volumes could reach a quadrillion dollars annually by 2030.