Now the Solana Foundation's global payments lead says institutions are getting ready to use them as settlement rails between ...

BMI Offshore Bank, a tiny institution with links to the Bahraini royal family and governments of Oman and Dubai, was forced into the arms of the central bank after its correspondent bank, Bank of ...

When incorrectly managed, correspondent banking relationships can present considerable financial crime risks. With recent high-profile failings seeing many international banks scale back such ...

On November 11 the Central Bank of Seychelles was forced to take the type of action more common among its G8 peers six years ago as they fought to safeguard the global financial system from outright ...

This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor. Correspondent banking plays an essential role in the global economy. Over ...

The number of active correspondent banking relationships has fallen roughly 25 percent since 2011. The decline is universal, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Consolidation in banking has reduced the number of ...

Non-U.S. banks that maintain correspondent accounts in the United States face the prospect of significantly broader subpoenas from the Department of Justice (“DOJ”) and the Department of Treasury ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Birmingham, Alabama-based ...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announces the expansion of the Correspondent Banking Division into Texas. Founded in 2011, ...

ATLANTA--(BUSINESS WIRE)--Pidgin, a secure real-time payments platform built for the future of payments, has partnered with Independent Correspondent Bankers’ Bank (ICBB) to provide real-time payments ...

The Reserve Bank of India (RBI) on April 6 released draft norms on branch authorisation, under which it has proposed banking correspondents be classified into two categories - Business ...