The Banker

India's central bank has intervened heavily in foreign exchange markets, draining nearly $20 billion from the banking system's surplus liquidity, according to bankers. The dollar-selling operation, aimed at supporting the rupee, absorbs rupee funds and tightens cash conditions, which could raise short-term funding costs for banks and firms.

Speculation about an Anthropic initial public offering is picking up in the US. On CNBC, veteran banker Robert Kindler argued that an Anthropic listing would not drive the broader market, signaling that Wall Street sees the AI company's potential debut as significant but not market-moving. No filing or timeline has been confirmed, and attention remains on how the high-profile AI firm would be valued.

Federal Reserve Governor Lisa Cook said she expects additional inflationary pressures ahead, a signal that US central bankers remain cautious about the pace of price growth. Her comments add to debate over how long the Fed will hold interest rates steady and whether further policy tightening may be needed.

Brazilian companies dealing in cryptoassets are facing a new set of regulatory requirements, according to a report by The Banker. The rules tighten oversight of crypto activity in one of Latin America's largest digital asset markets, and the banking sector is watching how compliance obligations will affect firms operating there.

A Dutch central banker has called on the government to show fiscal restraint, warning against loosening public spending. The appeal adds to a broader debate in Europe over budget discipline, as governments weigh costly spending priorities against concerns about inflation, debt levels and the independence of monetary policy.

Erik Thedéen, Sweden's central banker, is featured discussing quantitative easing, the independence of central banks, and the future of digital payments. The conversation touches on how monetary policy tools used since the financial crisis are being reassessed, alongside ongoing debates over political pressure on central banks and the shift toward digital means of payment.

South Korea's finance minister and the Bank of Korea governor held a meeting, according to Yonhap News Agency. The regular financial chief-central banker meeting is being watched for signals on coordination between fiscal and monetary policy, particularly around inflation, currency pressures and the direction of interest rates as markets assess the country's economic outlook.

London's investment bankers and lawyers have earned more than £1bn in fees from a surge in takeover deals, according to the Guardian. The windfall reflects a busy period for mergers and acquisitions activity in the UK capital, with advisers on both sides of deals collecting substantial payments as companies pursue acquisitions.

London's investment bankers and lawyers have earned more than £1bn in fees from a wave of takeover deals, according to a Guardian report. The surge in mergers and acquisitions activity has delivered a windfall for City advisers, prompting attention on executive pay and bonuses as dealmaking intensifies around the London Stock Exchange.

Raymond James has hired Dan Connolly to head its technology and services investment banking business. The move signals the financial services firm's push to strengthen its advisory practice for technology companies, a sector where dealmaking competition among banks remains intense.

A new essay examines the contributions of Jewish immigrant bankers to the development of American finance, arguing they have not received adequate recognition for building the country's credit and banking systems. The piece revisits the careers of immigrant financiers who helped shape Wall Street and underscores ongoing debates about how financial history is remembered and credited.

Goldman Sachs has launched a retail voting initiative, per Private Banker International. Details on how the scheme will work or which clients it targets were not immediately provided. The move points to growing attention on retail investors' say in corporate governance, and it is likely to draw scrutiny of how the bank will represent small shareholders' votes.

Banking industry analysis is examining how tokenisation — the conversion of assets such as bonds, funds and deposits into digital tokens on blockchain-based infrastructure — is changing global finance. Commentary from The Banker suggests tokenised assets could streamline settlement, cut costs and open markets to new participants, while banks and regulators weigh how to adapt custody, compliance and payment systems to this shift.