Tag: #banking

Treasury Proposes Cutting Banque Misr’s UAE Branches Off U.S. Correspondent Banking Over Alleged Iran Links

FinCEN seeks to bar Banque Misr’s five UAE branches from U.S. correspondent banking, saying they moved about $1.8B for suspected Iranian front companies.

#sanctions, #banking, #iran, #uae

Euro-area firms report sharp rise in bank borrowing costs in Q2 2026; SMEs face tighter access

ECB survey: net 42% of euro-area firms saw bank loan rates rise in Q2 2026; overall availability steady but SMEs report worsened access.

#eurozone, #ecb, #banking, #smes

Standard Chartered launches institutional USDC minting and redemption in Dubai, echoing BNY Mellon

Standard Chartered began offering eligible institutional clients USDC minting and redemption via its Dubai arm; BNY Mellon announced a similar Circle-linked service days earlier.

#stablecoin, #usdc, #banking, #circle, #bny

ECB to Send 'Dear CEO' Letter Urging Banks to Bolster Operational Resilience as AI Use Grows

ECB will send a sector-wide 'dear CEO' letter urging banks to strengthen operational resilience as AI adoption rises and cyber risks intensify.

#ecb, #banking, #ai, #cybersecurity, #dora

U.S. Banking Regulators Finalize Rule Lowering Community Bank Leverage Ratio to 8%

Federal regulators finalized a rule lowering the Community Bank Leverage Ratio to 8% and lengthening the grace period for small banks.

#banking, #communitybanks, #regulation, #capital