BASEL, Switzerland—The number of worldwide correspondent banking relationships continues to decline, according to new figures released by the Financial Stability Board (FSB).
CU News From Around the Planet
WALES, U.K.–With Christmas approaching, Credit Unions of Wales, which represents the 18 credit unions in the country, has launched a campaign called “Credit2Wales” aimed at providing people from high-cost lenders.
NEW YORK—American Express has become the first U.S. credit card company to get the green light to start building its own payments network in China.
ONTARIO, Canada–The biggest credit union in Ontario has cleared a regulatory hurdle in its efforts to launch a new national bank.
SAULT STE. MARIE, Mich.–A “walkabout” program during which U.S.-based credit union leaders can learn about and from their Australian counterparts has been announced for 2019.
WASHINGTON—The International Monetary Fund (IMF)said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology.
DUBLIN, Ireland–While credit unions in the U.S. celebrate not only not making any more corporate stabilization payments and even receiving a refund, credit unions in Ireland aren’t so fortunate.
WASHINGTON—More than 69% of adults – or 3.8 billion people – around the world now have an account at a bank or with a mobile money provider, new data show.
VANCOUVER, B.C.–Central 1 here has announced the launch of Forge, a digital banking platform it said transforms the banking experience in Canada.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) has opened registration for its World Credit Union Conference July 28-31 in the Bahamas at the Atlantis Resort.