Guernsey’s last locally-based bank ceased trading in 1996, making Bank Aston the first to be licensed by the Guernsey Financial Services Commission (GFSC) for almost thirty years.

The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.

The International Organisation or Securities Commissions (Iosco) has launched a consultation paper to examine the risks associated with the evolving business models of stock exchanges and other market infrastructures.

Nomura’s Laser Digital and fintech hub the WebN group are set to launch Libre, a tokenization platform for the asset management industry.

In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs paving the way for mass adoption of digital assets.

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

Barclays Bank has become latest financial institution to invest in United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors.

Following a recent commitment by Nato countries to invest 5% of their GDP to defence, global banks are backing a new bank that is being set up to support Nato countries and their allies finance their defence needs.

The European Central Bank (ECB) is ready to impose sanctions on Italy’s UniCredit as the bank continues to participate in business with Russia.

Polish identity verification vendor Authologic has closed on an $8.2 million Series A funding round.

Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

UK startups outside of London should have more than one founder, ensure gender diversity and join an accelerator, according to the findings of a recently published report.

German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.

Turkish fintech Papara is working with DriveWealth to offer its 20 million users the ability to invest real-time in US stocks on the Nasdaq and Nyse.

Tradeweb Markets has struck a deal to buy investment technology firm Institutional Cash Distributors (ICD) for $785 million.