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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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Federal Reserve Governor Christopher J. Waller announced a shift in monetary policy due to persistent inflation and rising consumer expectations.
Read at thestreet.com ↗03
Federal Reserve Governor Christopher Waller stated at the TCMB Istanbul Economic Forum in Istanbul on October 8, 2026, that additional interest-rate hikes are likely necessary to bring inflation down to the 2% target.
Read at bloomberg.com ↗04
The Federal Reserve and the Office of the Comptroller of the Currency have fined American Express $350 million for significant deficiencies in its anti-money laundering program.
Read at bankingdive.com ↗05
All 19 Federal Reserve officials unanimously supported the decision to increase interest rates during the September meeting.
Read at bloomberg.com ↗06
On October 2, 2026, the Central Bank of West African States (BCEAO) announced new regulations for mobile money transactions across the eight countries of the West African Economic and Monetary Union (WAEMU).
Read at techcabal.com ↗07
A senior official from the Federal Reserve indicated that an interest rate hike is unlikely to occur in October 2026.
Read at nytimes.com ↗08
Federal Reserve Chair Kevin Warsh has signaled a hawkish monetary policy shift, leading to significant volatility in the U.S. bond market.
Read at fortune.com ↗8 of 26 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.
09
Turkey's state-run lenders Ziraat Bankasi and Halkbank have applied for regulatory approval to transfer their Islamic banking units to TVF Katılım Finans Yatırımları AS.
Read at bloomberg.com ↗10
Kenyan digital bank Cloud9 has secured an undisclosed investment from the crypto and fintech accelerator Alliance, bringing the startup's total funding to US$1 million.
Read at disruptafrica.com ↗11
City National Bank of Florida sold its former headquarters located at 2855 South Le Jeune Road in Coral Gables, Florida, to Baptist Health South Florida for $39 million.
Read at commercialobserver.com ↗12
Sanlam Ltd. has launched a $1.2 billion bid to acquire full ownership of Santam Ltd. This acquisition aims to provide the insurer with greater flexibility to deploy capital across Africa, India, and the Lloyd’s of London market.
Read at bloomberg.com ↗13
Italian insurer Generali has agreed to acquire a 9.9% stake in Banco de Crédito Cooperativo, the holding entity of Spain's Grupo Cooperativo Cajamar, for €150 million.
Read at reinsurancene.ws ↗14
The Federal Reserve Board approved the application of Isabella Bank Corporation, based in Mount Pleasant, Michigan, to acquire Grand River Commerce, Inc. and its subsidiary, Grand River Bank, located in Grandville, Michigan.
Read at federalreserve.gov ↗What products launched in banking this week?
Notable product launches, releases and platform updates from the week.
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Australian company Apate has developed an AI-driven platform that uses lifelike bots to engage with phone scammers, keeping them on the line to waste their time and gather intelligence.
Read at wired.com ↗16
Ecobank Transnational Inc. is launching direct yuan payment services for its clients to facilitate trade between Africa and China.
Read at bloomberg.com ↗17
Standard Chartered has expanded its digital asset custody services to Singapore.
Read at finextra.com ↗18
First National Bank (FNB), a major South African bank, has launched a cryptocurrency trading feature on its platform in partnership with the local exchange VALR.
Read at techcabal.com ↗19
The Solana Foundation launched Solana DvP, an open-source program designed to enable atomic, on-chain settlement of institutional trades in seconds.
Read at coindesk.com ↗20
Australia's ANZ bank has successfully executed live corporate treasury transactions using tokenised deposits.
Read at finextra.com ↗21
UK fintech company Kord has launched the United Kingdom's first dedicated sort code for legal transactions, identified as 04-10-26.
Read at finextra.com ↗22
NatWest Accelerator is expanding its She Scales initiative nationwide across the UK.
Read at finextra.com ↗8 of 9 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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National Savings and Investments (NS&I) has increased interest rates on its British savings bonds, with some products now offering over 5% returns.
Read at theguardian.com ↗24
The asset-backed commercial paper (ABCP) market is experiencing a resurgence in 2026 as banks utilize short-term funding to manage balance-sheet constraints.
Read at bloomberg.com ↗25
U.S. Treasury yields increased slightly on Friday, October 9, 2026, while Eurozone bond yields experienced a decline.
Read at wsj.com ↗26
On October 8, 2026, U.S. Treasury and eurozone government bond yields continued to rise.
Read at wsj.com ↗27
SpaceX is reportedly in negotiations to secure $40 billion in debt financing to purchase Nvidia chips for AI infrastructure development.
Read at bloomberg.com ↗28
US mortgage rates rose for the seventh consecutive week to reach 7.49%, marking the highest level in nearly three years.
Read at bloomberg.com ↗29
Wall Street firms reported record-setting profits of $45.9 billion in the first half of 2026, according to a report by New York State Comptroller Thomas P. DiNapoli.
Read at thestreet.com ↗30
Precious metals traders at major global banks achieved record profits during the first half of 2026.
Read at bloomberg.com ↗8 of 16 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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US authorities have arrested Anibal Alexander Canelon Aguirre, a leader of the Venezuelan criminal cartel Tren de Aragua, for his role in an ATM jackpotting scheme.
Read at darkreading.com ↗32
Oleg Korniev, a dual citizen of Ukraine and Russia, pleaded guilty in the Western District of North Carolina to running the 'Your Mule Cashout' (YMCO) criminal organization.
Read at bleepingcomputer.com ↗33
The UK Court of Appeal in London has quashed the convictions of five former Barclays traders: Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, and Colin Bermingham.
Read at theguardian.com ↗34
The federal housing agency of the United States is investigating Wells Fargo regarding allegations of race-based lending practices.
Read at nytimes.com ↗35
Chirayu Rana has filed a sexual harassment and discrimination lawsuit against JPMorgan Chase and his former supervisor Lorna Hajdini in Manhattan.
Read at courthousenews.com ↗36
Attorney General Todd Blanche stated that the U.S. Department of Justice will not reopen its investigation into Federal Reserve Chair Jerome Powell regarding the costs of a renovation project.
Read at bankingdive.com ↗37
The U.S. Department of Justice announced the arrest of Anibal Alexander Canelon Aguirre, the alleged developer of the Ploutus ATM malware.
Read at bleepingcomputer.com ↗7 of 10 courts and legal events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What research was published in banking this week?
New research findings and studies published this week.
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A study by CEPR using correspondent banking data analyzes the impact of financial sanctions on global payment network access between 2021 and 2026.
Read at cepr.org ↗39
A study by CEPR analyzes six decades of data on covered interest parity (CIP) deviations.
Read at cepr.org ↗40
The European Central Bank released the September 2026 SESFOD survey results, indicating a slight easing of credit terms and conditions for all counterparty types between June and August 2026.
Read at europa.eu ↗What incidents and outages hit banking this week?
Incidents, outages and safety events reported this week.
41
Security researchers at ANY.RUN have identified a new phishing kit called Wazza that targets banking, manufacturing, and government organizations.
Read at thehackernews.com ↗42
Yoido Full Gospel Church in Seoul reported that personal data of 850,000 members may have been compromised, with records discovered on an overseas server by Oasis Security in September 2026.
Read at decrypt.co ↗43
South Korean officials are investigating the potential use of AI agents in recent cyberattacks against several banks.
Read at techmeme.com ↗44
The President of South Korea announced that authorities are investigating potential use of artificial intelligence models in recent cyberattacks targeting several domestic banks.
Read at nytimes.com ↗45
The Financial Services Commission (FSC) held an emergency meeting in Seoul on October 4, 2026, to address a series of cyberattacks affecting seven financial firms between September 30 and October 4.
Read at thelec.net ↗5 of 9 incidents and safety events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.