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What changed in banking regulation and policy this week?
Government decisions, new rules and policy shifts reported this week.
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US Federal Reserve Chair Kevin Warsh delivered a speech at Jackson Hole on Friday, August 28, 2026, signaling a potential interest rate hike in September to combat inflation.
Read at semafor.com ↗03
The UK Treasury announced on Wednesday, August 26, 2026, that it will grant the Bank of England a new secondary statutory objective to support innovation in payments and digital money.
Read at decrypt.co ↗04
The Pakistan Virtual Assets Regulatory Authority (PVARA) has set a September 5, 2026, deadline for existing crypto firms to apply for a No Objection Certificate or face closure.
Read at decrypt.co ↗05
On Monday, August 24, 2026, US Treasury Secretary Scott Bessent announced plans to cut Iran off from the global financial system.
Read at bloomberg.com ↗06
The U.S. Treasury Department announced on August 24, 2026, that it may increase the volume of its debt buyback program.
Read at nytimes.com ↗07
Treasury Secretary Scott Bessent announced on August 19, 2026, that the U.S. Treasury Department will increase long-dated debt buybacks from $2 billion to at least $4 billion per operation, effective from September 9 through November 4.
Read at thestreet.com ↗08
Treasury Secretary Scott Bessent announced a plan to double the size of liquidity-support bond buybacks for 10- to 30-year debt to at least $4 billion per operation on August 19, 2026.
Read at thestreet.com ↗8 of 25 regulation and policy events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What funding rounds and acquisitions happened in banking this week?
The week’s notable investments, financing rounds, acquisitions and strategic deals.
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The Trump family's new crypto venture, World Liberty bank, has secured backing from an Emirati sheikh.
Read at wsj.com ↗10
Banco BPM has expressed skepticism regarding the takeover bid submitted by Banca Monte dei Paschi.
Read at bloomberg.com ↗11
US-based fintech startup Fasset has achieved unicorn status, reaching a valuation of $1 billion following its latest fundraising round.
Read at finextra.com ↗What products launched in banking this week?
Notable product launches, releases and platform updates from the week.
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Movemint announced the launch of its embedded personalization technology for the banking sector on August 26, 2026.
Read at finextra.com ↗13
Revolut has initiated the phased rollout of its first euro-pegged stablecoin, EURR, for customers in Denmark, Poland, and Portugal.
Read at theblock.co ↗14
Munich-based bank Scalable Capital has opened its trading platform to AI agents, including ChatGPT, Claude, and Grok.
Read at finextra.com ↗15
Revolut has launched its euro-backed stablecoin, EURR, for selected customers in Denmark, Portugal, and Poland.
Read at thedefiant.io ↗16
Commonwealth Bank of Australia's venture arm, x15ventures, has launched a new platform called PaidIt.
Read at finextra.com ↗17
Revolut launched a new AI research division called Revolut Research on August 25, 2026, to focus on proprietary machine learning development.
Read at tech.eu ↗18
Revolut has launched a dedicated AI research division in August 2026.
Read at finextra.com ↗19
IBM unveiled a new mainframe processor at the Hot Chips conference on August 24, 2026, capable of running both z/Architecture and Arm instructions on a single core.
Read at thestreet.com ↗8 of 10 product launches events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What financial results were reported in banking this week?
Earnings, guidance and other financial results reported this week.
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The Japanese government spent a record $98.7 billion to support the yen between late July and August 2026.
Read at wsj.com ↗21
Standard Chartered has issued USD 200 million in three-year floating-rate digitally native notes.
Read at finextra.com ↗22
ANZ Bank reported a significant reduction in customer scam losses during Scams Awareness Week in August 2026.
Read at finextra.com ↗23
JPMorgan Chase has shortened the time horizon for SpaceX employees and investors to borrow against their stock holdings.
Read at ft.com ↗24
Deutsche Bank analyst Michael Hsueh advised clients on August 24, 2026, to buy gold following a U.S. Treasury policy shift.
Read at thestreet.com ↗25
On Monday, August 24, 2026, reports indicated that the U.S. Treasury is considering using its nearly $1 trillion general account to fund increased buybacks of long-end securities.
Read at wsj.com ↗26
During the week of August 20-27, 2026, Wells Fargo attracted $17 billion in assets from independent advisers and recruited teams from Morgan Stanley.
Read at tearsheet.co ↗27
In the first half of 2026, U.S. lenders initiated foreclosure proceedings on over 227,500 properties, marking a 21% increase compared to the same period in 2025.
Read at bisnow.com ↗8 of 12 financial results events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What court rulings and legal actions hit banking this week?
Court rulings, filings and legal actions reported this week.
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On August 27, 2026, U.S. District Judge Jed Rakoff granted final approval to a $72.5 million class-action settlement between Bank of America and victims of the late financier Jeffrey Epstein.
Read at insurancejournal.com ↗29
Former JPMorgan and Barclays executive Jes Staley testified regarding his relationship with Jeffrey Epstein.
Read at wsj.com ↗30
A New York federal judge, Jed Rakoff, granted final approval to a $72.5 million settlement between Bank of America and victims of Jeffrey Epstein.
Read at courthousenews.com ↗31
Federal prosecutors in the Southern District of Texas charged five individuals, including three U.S. Postal Service carriers, with a scheme involving the theft of checks worth nearly $24 million.
Read at freightwaves.com ↗What research was published in banking this week?
New research findings and studies published this week.
32
According to a Pew Research Center report published on August 26, 2026, 42% of U.S. adults report not using cash for any purchases during a typical week.
Read at pewresearch.org ↗33
On August 25, 2026, the Bankers Association for Finance and Trade (BAFT) released a new white paper titled 'Cross-Border Payments Reimagined: Navigating ISO 20022, Stablecoins, and Digital Assets for the Next Era of Global Transactions'.
Read at treasurytoday.com ↗34
The Dallas Federal Reserve published a report on August 25, 2026, warning that the adoption of tokenized deposits could increase deposit-rate sensitivity and reduce bank lending capacity.
Read at decrypt.co ↗35
Authors Xu Lu, Yang Song, and Yao Zeng published a working paper through the National Bureau of Economic Research on August 25, 2026.
Read at nber.org ↗36
Lloyds Banking Group released an analysis on August 25, 2026, indicating that 76% of individuals aged 18 to 24 in the UK have utilized artificial intelligence for personal finance management.
Read at finextra.com ↗37
Fortra's threat intelligence unit, FIRE, identified a phishing technique called Chameleon SEO Poisoning that uses cloaked fake banking websites to steal credentials.
Read at helpnetsecurity.com ↗38
A 2026 report by Crisil Coalition Greenwich and Australian Payments Plus (AP+) reveals that 73% of large Australian corporations are now aware of the transition to real-time payments, up from 51% in 2025.
Read at treasurytoday.com ↗What incidents and outages hit banking this week?
Incidents, outages and safety events reported this week.
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An attacker is draining funds from Avici, a Solana-based neobank, having stolen over $1 million in SOL and stablecoins as of August 28, 2026.
Read at thedefiant.io ↗40
Lloyds Banking Group customers in the United Kingdom experienced a second mobile application outage within a two-week period as of August 26, 2026.
Read at finextra.com ↗2 of 3 incidents and safety events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What partnerships were announced in banking this week?
Partnerships, integrations and joint projects announced this week.
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NCBA Group and BasiGo have entered a partnership to provide financing for 1,000 electric vehicles in Kenya.
Read at techcabal.com ↗42
Shinhan Financial Group and Visa have announced a partnership to test stablecoin issuance, remittance, and redemption in South Korea.
Read at coindesk.com ↗43
Citigroup Inc. has partnered with Axis Bank Ltd. to provide financing for non-resident Indians investing in foreign-currency deposits.
Read at bloomberg.com ↗3 of 9 partnerships events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What people moved in and out of banking roles this week?
Executive appointments and departures reported this week.
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USAA has appointed retired U.S. Army Lieutenant General David F. Melcher as the new Chairman of its Board of Directors, effective August 2026.
Read at reinsurancene.ws ↗1 of 3 people moves events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What else happened in banking this week?
Developments from the week that fit none of the other sections.
45
The article explores the historical evolution of financial transfer systems, tracing the development from traditional Hawala networks to the modern SWIFT infrastructure.
Read at coindesk.com ↗1 of 16 other developments events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.