The Federal Reserve Board has announced that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council […]
Author: Editorial Team
CBUAE launches CBDC strategy
The Central Bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the commencement of the implementation of the CBUAE Central Bank Digital Currency (CBDC) strategy,
Bank of America Corporation Announces CME Term SOFR as Benchmark Replacement Rate for Certain Outstanding USD LIBOR Securities
The Bank of Canada has published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report. The Report reviews the Bank’s oversight of designated clearing and settlement systems, also known as financial market infrastructures (FMIs).
Bank of Canada FMI oversight activities annual report released
The Bank of Canada has published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report. The Report reviews the Bank’s oversight of designated clearing and settlement systems, also known as financial market infrastructures (FMIs).
Cross-border QR code payments connectivity launched between Singapore & Malaysia
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes. It will support in-person payments through the scanning of physical QR codes displayed by merchants, and online cross-border e-commerce transactions.
Bank of America names Lindsay Hans & Eric Schimpf Presidents and Co-Heads of Merrill Wealth Management
Bank of America has announced that Lindsay Hans and Eric Schimpf have been appointed president and co-head of Merrill Wealth Management, reporting to Bank of America Chair and Chief Executive Officer Brian Moynihan.
Over 10 mn BofA clients use Life Plan to pursue financial goals
Bank of America has announced that more than 10 million clients have used Life Plan since its launch in late 2020. Available on the Bank of America mobile app and online banking platform,
Xapo Bank becomes the first fully licensed bank to enable USDC deposits and withdrawals
Xapo Bank becomes the first fully licensed bank to enable USDC deposits and withdrawals
‘Simplify’ yields top rank in customer satisfaction
Canadian Imperial Bank of Commerce has been an early adopter of digital technologies and the bank has been able to be a leader in North America:
Affluent Asian American and Pacific Islanders more likely to financially support aging parents: Study
Nearly 80% of Asian American and Pacific Islanders (AAPI) respondents ranked family as one of the most important aspects of their life, in a study “Diverse Viewpoints: Exploring Wealth in the APPI Community,” by Merrill Wealth Management.