Fairfax Financial Holdings has secured regulatory approval to acquire a controlling 60.72% stake in IDBI Bank for ₹528 billion ($5.6 billion). Marking the largest foreign direct investment (FDI) in India’s financial sector history, the deal represents a major milestone in New Delhi’s long-standing bank privatization initiative by scaling back state ownership and infusing substantial foreign … Read more
The upcoming CLARITY Act Senate Vote faces an intense political showdown as the White House launches an interactive economic tool designed to directly counter resistance from the commercial banking lobby. Ahead of Tuesday afternoon’s procedural ballot, administration officials released interactive modeling, based on Council of Economic Advisers (CEA) findings, to demonstrate that proposed bans on … Read more
Crypto banking access has emerged as the definitive battleground for the digital asset industry’s survival as legal and legislative pressures mount on both sides of the Atlantic. The Blockchain Association filed a critical amicus brief on Wednesday, urging the United States Supreme Court to review the Federal Reserve’s denial of a master account for Custodia … Read more