banking regulation News
Latest articles and news about banking regulation on AXL Media.
Latest Articles
- South Korean Credit Card Debt Surges to Record 43 Trillion Won as Inflation Pressures Low-Income Borrowers
Published: Apr 21, 2026
Section: Cards & Loans
Outstanding credit card loans in South Korea hit an all-time high of 42.99 trillion won in March 2026, marking the third consecutive month of growth. Cash-strapped consumers are in...
- Federal Government Secures N100 Billion From Unclaimed Dividends and Dormant Bank Accounts Amid Fiscal Crisis
Published: Apr 20, 2026
Section: Africa
The Nigerian government has utilized N100 billion in unclaimed private assets to fund national debt, with plans to borrow an additional N795 billion from the same pool. Managed thr...
- Federal Reserve Grants Kraken Historic Master Account Amid Growing Concerns Over U.S. Financial System Stability
Published: Apr 13, 2026
Section: Banking & Finance
Wyoming-based cryptocurrency exchange Kraken has become the first digital asset firm to secure a Federal Reserve master account, gaining direct access to the central bank's payment...
- Coinbase Secures Landmark Federal Approval to Manage $376 Billion Institutional Digital Asset Custody Empire
Published: Apr 9, 2026
Section: Banking & Finance
The Office of the Comptroller of the Currency has granted conditional approval for Coinbase to establish a national trust company, marking a significant shift toward federal superv...
- Central Bank of Nigeria Appeals Court Order Reinstating Union Bank Board Amid Financial Distress Claims
Published: Mar 27, 2026
Section: Africa
The Central Bank of Nigeria has filed a legal challenge against a Federal High Court ruling that nullified its takeover of Union Bank of Nigeria Plc. Regulators argue that the inte...
- Central Bank of Nigeria Maintains Regulatory Oversight of Union Bank Following Federal High Court Judgment in Lagos
Published: Mar 26, 2026
Section: Africa
The Central Bank of Nigeria has issued a formal statement regarding a recent court ruling concerning its 2024 intervention in Union Bank of Nigeria Plc. While the apex bank reviews...
- EU Leaders Fast-Track Savings and Investment Union to Unlock 11 Trillion Euros in Private Wealth
Published: Feb 20, 2026
Section: Banking & Finance
The European Commission is prioritizing the rebranded Savings and Investment Union to integrate fragmented national financial markets and mobilize 11 trillion euros in idle cash. C...