Russia’s Central Bank says it has filed a lawsuit in Moscow’s Arbitration Court against Euroclear, the Brussels-based clearing house that holds a large share of Russia’s immobilized assets in Europe. The bank said it is seeking compensation for damages linked to restrictions that prevent it from managing or disposing of assets held through Euroclear. Euroclear declined to comment, and it…
The Federal Reserve Board announced it will host a Payments Innovation Conference on Tuesday, October 21, 2025, marking a significant step in its continued focus on financial technology and modernization. The news was released on September 3, 2025, and reflects the central bank’s recognition of the rapid evolution in payments technology and its impact on consumers, businesses, and financial institutions.…
London-based financial technology group Revolut has launched a secondary share sale valuing the company at $75 billion, according to an internal memo cited by Bloomberg and reported on September 1, 2025. The arrangement allows Revolut employees to sell up to 20 percent of their personal holdings, giving staff an opportunity to cash in on part of their equity while retaining…
BPCE, the parent company of French investment bank Natixis, has made history by issuing Europe’s first defence-focused bond, raising €750 million (about $878 million) through a five-year instrument. The deal attracted robust investor interest, with demand climbing to €2.8 billion, underscoring strong appetite for new financial tools tied to Europe’s expanding defence sector. The bond qualifies as the inaugural issuance…
Swedish fintech company Klarna is preparing to resume its plans for an initial public offering in the United States next month, aiming for a valuation of between $13 billion and $14 billion, according to individuals familiar with the matter. The move signals a renewed attempt by the payments provider to access U.S. capital markets after months of delay. The company…
Push for National Precedence over State Rules Major U.S. banks are pressing the Office of the Comptroller of the Currency (OCC) to introduce national standards that would curtail the authority of state-level banking laws. The initiative is aimed at establishing uniform federal guidelines governing areas such as lending, bond issuance, investment banking, and anti-money laundering procedures. Banks assert that such…
Strategic Reassessment Amid Market Turbulence Danish pharmaceutical company Novo Nordisk, a global leader in diabetes and obesity care, has announced a worldwide hiring freeze on all non-critical positions, effective immediately. This strategic decision comes as the company faces intensified competition and a dynamic market environment, prompting a comprehensive review of its operational costs and resource allocation. The move, communicated internally…
