News in Brief: US Senator Warren Calls for Limit on Citi’s Growth Amid Regulatory Pressures
US Senator Warren Advocates for Citi Growth Caps
In a move that echoes financial stability concerns, US Senator Elizabeth Warren has called upon the Acting Comptroller of the Currency, Michael Hsu, to implement growth restrictions on Citigroup. This decision arises from the bank’s persistent regulatory issues, prompting significant discussions among financial experts.
Swift's Plans for Digital Currency Transactions
In related news, Swift has announced plans to pilot live digital currency transactions in 2025. This initiative aims to modernize cross-border payments and enhance the efficiency of digital transactions, marking a crucial shift in the financial services landscape.
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