U.K. customers of banks and banking apps reported problems with transfers and payments Monday (July 27), according to multiple media reports. Among the organizations mentioned in one or more media reports were Barclays, Halifax, HSBC, Monzo, Lloyds and Revolut. PYMNTS found at 3:30 p.m. Eastern time that the Barclays service status page said, “Some of…
A bloodbath in Asia sets the stage for European morning trade today !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Halifax, BM Solutions, TSB and Leeds Building Society are increasing rates tomorrow by up to 20 basis points. At Halifax, remortgage rates on selected two, three and five-year fixed rates are rising by up to 20bps. Homemover and first-time buyer rates will climb by up to 15bps and product transfer deals by up to 10bps….
The rupee extended its upward momentum, rising 35 paise to 95.64 against the US dollar in early trade on Tuesday, driven by lower crude oil prices amid easing geopolitical tensions. Forex traders said a weak US dollar index and positive equity market sentiment further boosted the Indian currency. At the interbank foreign…
New Jersey is taking aim at a retail practice that critics say could one day mean two shoppers pay different prices for the same carton of milk. The state is banning grocery stores from using surveillance pricing, which sets prices based on a consumer’s personal information, before the practice becomes widespread. The Fair Price Protection…
The stablecoin sandwich has become one of the most persuasive models for explaining how digital currencies like stablecoins can improve cross-border payments. The way the sandwich gets made is typically as follows: A business begins with fiat currency inside the regulated financial system. The money is converted into a stablecoin, transferred across a blockchain network…
Both OpenAI and Anthropic have reached valuations near US$1tn this year and are preparing for possible initial public offerings that could arrive as soon as this year, CNBC reported, noting that Anthropic confidentially filed its prospectus with the US Securities and Exchange Commission in June, with OpenAI following days later. Open-weight models let users download, modify, and…
The heightened cyber threats posed by the latest developments in artificial intelligence will require companies and regulators to work together to maintain the security of financial systems, a bulletin from the Bank for International Settlements warns. The bulletin, published on July 20, explains how frontier AI models such as Mythos are increasingly able to take…
Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund 31, a $160 million multi-investor fund with 10 institutional investors. Merchants Fund 31 will infuse equity into nine affordable housing properties, creating or preserving more than 1,400 affordable homes in Rhode Island, Ohio, Kentucky, Pennsylvania, Connecticut, Utah and Michigan. The investors included both…
Micron (MU -2.36%) has been one of the hottest stocks over the past year. The stock has tripled in 2026 and is up nearly 700% over the past year, as of this writing. Despite that huge move, the stock trades at a minuscule forward price-to-earnings (P/E) ratio of below 6 times fiscal 2027 (ending August…