Bangko Sentral ng Pilipinas proposed a 12-month suspension on new payment system operator registrations and plans to enforce stricter controls on payment arrangements involving virtual asset service providers.
London-based fintech Revolut secured conditional approval from the Office of the Comptroller of the Currency for a US national bank charter, marking the first of three required federal regulatory clearances. The company still needs approval from the FDIC and Federal Reserve before launching US banking operations planned for 2027.
Nvidia has partnered with six major Wall Street firms including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilize over $500 billion in third-party capital for GPU-backed AI infrastructure financing. The complex leveraged financing structures, including Lambda's $1 billion credit facility, are drawing increased scrutiny as rating standards remain unresolved.
The White House has revived its attempt to remove Federal Reserve Governor Lisa Cook over mortgage fraud allegations she denies, two months after the Supreme Court allowed her to retain her position while fighting the termination effort. A letter from White House aide Dan Scavino gives Cook three weeks to respond to the allegations.
Global bond markets experienced turbulence in early June 2026, with yields rising toward critical levels amid renewed Iran conflict, while Hong Kong's HKMA formed an expert group to advance tokenized bond adoption following previous regulatory and collaboration challenges.
The Bank of England announced plans to conduct stress tests specifically for AI agents in the financial system, responding to warnings from Members of Parliament about systemic risks from autonomous AI systems in banking.
