01
What changed in banking regulation and policy this week?
Government decisions, new rules and policy shifts reported this week.
02
Israeli Prime Minister Benjamin Netanyahu proposed using cryptocurrency to circumvent potential international economic sanctions during an interview on October 23, 2026.
Read at aljazeera.com ↗03
The Office of the Comptroller of the Currency (OCC) announced a final rule on October 21, 2026, to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
Read at finextra.com ↗04
On October 21, 2026, the Office of the Comptroller of the Currency (OCC) issued guidelines for the GENIUS Act, opting to evaluate third-party stablecoin yield arrangements on a case-by-case basis rather than implementing a blanket ban.
Read at paymentsjournal.com ↗05
The Office of the Comptroller of the Currency (OCC) has finalized its rule implementing the GENIUS Act, establishing regulatory standards for stablecoin issuers in the United States.
Read at decrypt.co ↗06
UK Chancellor John Healey has decided against raising capital gains tax in the upcoming budget scheduled for October 28, 2026.
Read at theguardian.com ↗07
On October 1, 2026, the U.S. Treasury Department's OFAC and FinCEN took joint action against the A7 Network, a global financial infrastructure used to evade sanctions.
Read at natlawreview.com ↗08
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4% following its September 15-16 meeting.
Read at thestreet.com ↗8 of 60 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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Armenia's largest lender, Ardshinbank, is exploring a potential initial public offering (IPO).
Read at bloomberg.com ↗10
UBS Group AG has acquired a 4.8% equity stake in the Indian wealth management firm 360 One WAM Ltd. The transaction was completed through the conversion of warrants on October 22, 2026.
Read at bloomberg.com ↗11
Standard Chartered has entered into an agreement to acquire full ownership of Zodia Custody, a digital asset custody provider.
Read at thedefiant.io ↗12
Fortenova Group has completed the sale of its Serbian retail business, including Idea Marketi and four affiliated companies, to Alta Retail.
Read at esmmagazine.com ↗13
Cross River Bank has announced its intent to acquire the payment and reward services provider Accrue.
Read at paymentsdive.com ↗14
London-based fintech startup Hyperlayer has raised £19.5 million in a funding round.
Read at finextra.com ↗15
South African lender Nedbank has received final regulatory approval to acquire a 66% stake in the East African banking group NCBA.
Read at techcabal.com ↗16
Plymouth Rock Assurance Co. sold its Amherst-based subsidiary, Encharter Insurance Agency, to MountainOne Insurance Agency, a division of MountainOne Bank.
Read at insurancejournal.com ↗8 of 22 funding and m&a events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.
What products launched in banking this week?
Notable product launches, releases and platform updates from the week.
17
World, a startup co-founded by Sam Altman, announced new tools in October 2026 that allow users to link their 'proof-of-human' identity to AI agents.
Read at semafor.com ↗18
Global banking institution HSBC has officially launched its first stablecoin, named RedCoin, for public use.
Read at finextra.com ↗19
HSBC launched its first Hong Kong dollar-pegged stablecoin, RedCoin (RCHKD), on its PayMe payments app on October 23, 2026.
Read at unchainedcrypto.com ↗20
HSBC has launched RedCoin, a Hong Kong dollar-pegged stablecoin, on its PayMe application in Hong Kong.
Read at decrypt.co ↗21
SoFi Technologies has launched an interest-bearing tokenized deposit product called SOFIE, which allows members to earn a 4.40% annual percentage yield on dollars held at SoFi Bank.
Read at unchainedcrypto.com ↗22
SoFi has become the first consumer bank to launch tokenized deposits.
Read at fortune.com ↗23
The digital wallet Paze, owned by a consortium of major banks, has launched an extensive marketing campaign to compete with Apple and PayPal.
Read at bankingdive.com ↗24
JPMorgan has expanded the functionality of its JPM Coin digital token to the Ethereum blockchain.
Read at thedefiant.io ↗8 of 26 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.
25
Barclays reported a 12% increase in pre-tax profits to £2.3bn for the third quarter of 2026, compared to £2.1bn in the same period last year.
Read at theguardian.com ↗26
French government bonds experienced significant selling pressure on October 22, 2026.
Read at wsj.com ↗27
Barclays announced on October 22, 2026, that it plans to cut 5,000 jobs by the end of the year, representing approximately 5% of its global workforce.
Read at thestreet.com ↗28
French 10-year government bond yields rose to 5.089% on October 22, 2026, surpassing US Treasury borrowing costs for the first time since 2013.
Read at theguardian.com ↗29
Banque du Caire has increased the stake offered in its upcoming initial public offering to 45%.
Read at bloomberg.com ↗30
The US government is facing increased difficulty in financing its debt due to a significant selloff in Treasury bonds.
Read at bloomberg.com ↗31
The Reserve Bank of India rejected all bids at a federal treasury bill auction held on Wednesday, October 21, 2026.
Read at bloomberg.com ↗32
JPMorgan Chase CEO Jamie Dimon has directed $230 billion in capital toward initiatives aimed at reducing American economic reliance on China.
Read at fortune.com ↗8 of 41 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.
33
A victim of an alleged fraud scheme involving Mark Nussbaum has filed a lawsuit against Flagstar Bank in New York.
Read at google.com ↗34
Barclays Plc and the London-based hedge fund Fidera Ltd are among the creditors attempting to recover funds from the collapsed Dubai-based remittance provider United Arab Emirates Exchange Center LLC. The firm, which filed for bankruptcy, reportedly has an estimated $1 billion deficit in its balance sheet.
Read at bloomberg.com ↗35
UBS Group AG successfully defended against a lawsuit filed by two former Credit Suisse Group AG managing directors in Switzerland.
Read at bloomberg.com ↗36
British defence startup Eyebrook Technologies, led by co-founder Will Morris, was denied banking services by Barclays and other UK financial institutions due to the nature of its business.
Read at foxandlion.pub ↗37
Germany's financial regulator, BaFin, has fined Nomura Holdings Inc. for failing to disclose its voting rights in Commerzbank AG in a timely manner.
Read at bloomberg.com ↗38
Ten U.S. states, led by Oregon, have filed an opposition to the Office of the Comptroller of the Currency's (OCC) motion to dismiss or transfer a lawsuit challenging new federal mortgage interest-on-escrow regulations.
Read at natlawreview.com ↗39
Brazil held the first round of its presidential election on October 4, 2026, leading to a runoff between Flávio Bolsonaro and Luiz Inácio Lula da Silva scheduled for October 25.
Read at foreignpolicy.com ↗40
On September 28, 2026, 108 Indigenous people from Lombok, Indonesia, filed a formal complaint with the Asian Infrastructure Investment Bank (AIIB) regarding the Mandalika Urban and Tourism Infrastructure Project.
Read at thediplomat.com ↗8 of 9 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.
41
The European Central Bank released its September 2026 Consumer Expectations Survey, reporting a slight increase in median perceived inflation to 3.6% and expected inflation for the next 12 months to 3.1%.
Read at europa.eu ↗42
The 2026 EY-Parthenon Blockchain Payments Survey of 521 corporate and financial decision-makers indicates a shift from experimentation to implementation for stablecoins.
Read at coindesk.com ↗43
A research report by the Bank for International Settlements (BIS) indicates that fintech companies like Wise and Remitly offer significantly lower costs for cross-border payments compared to traditional retail banks.
Read at finextra.com ↗44
Sh Suhyup Bank announced on October 20, 2026, the completion of a proof of concept (PoC) for stablecoin-based deposit and lending services.
Read at thelec.net ↗45
TransUnion released a global study titled 'Fraud in the Age of Continuous Trust' based on data from the first half of 2026.
Read at digitaltransactions.net ↗5 of 13 research events are listed; the rest were ranked lower by importance and multi-source corroboration and are not shown.