EU and UK reach post-Brexit deal to ease Gibraltar border flow
The European Union and Britain reached a landmark agreement Wednesday to ease border crossings in Gibraltar, ending years of uncertainty over the territory’s post-Brexit status.
Top U.S. banks are quietly preparing to enter the crypto market through cautious pilot programs and partnerships, as regulators offer clearer signals. While enthusiasm grows, most lenders remain hesitant, seeking more clarity on rules before committing heavily.
Major U.S. banks are holding internal talks about cautiously expanding into cryptocurrencies, spurred by more favorable regulatory signals under the Trump administration. According to industry executives, initial moves will focus on pilot programs, partnerships, or limited trading to avoid regulatory missteps.
While some firms, like JPMorgan Chase, remain skeptical, others - such as Charles Schwab, Bank of America, and Morgan Stanley - are exploring services like crypto custody, stablecoins, and crypto trading platforms. Schwab expects to offer spot crypto trading within a year.
Still, banks are seeking clearer, unified guidelines from regulators, especially around anti-money laundering, custody, and market-making roles. Some firms are even discussing a joint stablecoin project.
Despite easing rules, including scrapped SEC guidance and friendlier stances from the OCC, banks are approaching crypto with caution. Industry experts say more defined regulations are needed before large-scale banking involvement becomes a reality.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The U.S. Energy Information Administration (EIA) has slightly increased its forecast for Brent crude oil prices in 2025, despite expectations of growing global stockpiles.
South Korea's main stock index, the Korea Composite Stock Price Index (KOSPI), rose by 35.19 points, or 1.23%, on Wednesday, closing at 2,907.04. This marks its highest closing level since 14 January, 2022, when it reached 2,921.92 points.
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