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Core Insights - Payment fraud in the European Economic Area (EEA) reached €4.2 billion ($4.9 billion) in 2024, an increase from €3.5 billion in 2023, highlighting the growing threat of fraud in the region [1][2] - The introduction of Strong Customer Authentication (SCA) in 2020 has contributed to a reduction in overall fraud levels, but new types of fraud are emerging that require continuous adaptation of security measures [2][5] - The report provides a detailed analysis of payment fraud, including breakdowns by payment method and country-specific data, emphasizing the need for ongoing vigilance [3][5] Payment Fraud Trends - The report indicates that credit transfers accounted for €2.2 billion in losses in 2024, marking a 16% year-on-year increase, while card payments with EU/EEA issued cards reached €1.329 billion, a 29% increase [6] - Transactions authenticated with SCA were found to be less susceptible to fraud, particularly in card payments, although the effect was less pronounced for credit transfers [4][5] - The distribution of fraud losses varied significantly by payment instrument and across different countries in the EEA [5] Future Monitoring and Policy Implications - The EBA and ECB will continue to monitor and publish payment fraud data to inform policy decisions and supervisory actions aimed at combating payment fraud [7]

Core Insights - Coinbase has expanded its derivatives offerings by introducing eleven altcoins to its perpetual-style futures, following the earlier launch of Bitcoin and Ether products [1][3][4] Group 1: Expansion of Derivatives - The introduction of perpetual-style futures for altcoins marks a significant step in the normalization of regulated crypto derivatives in the U.S. market [2][7] - The new contracts are designed to replicate perpetual exposure while complying with U.S. derivatives regulations, differentiating them from traditional perpetual contracts [3][7] Group 2: Supported Altcoins - The eleven new altcoins added to Coinbase's perpetual-style derivatives include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Sui (SUI), and Stellar (XLM) [4][5][6] - The selection focuses on large-cap, liquid tokens with established trading histories, alongside newer projects and popular memecoins [6] Group 3: Market Implications - Coinbase's perpetual-style futures are accessible to both retail and institutional traders in the U.S., highlighting a shift towards regulated trading environments [2][7] - These futures are listed on Coinbase Derivatives and require access through registered Futures Commission Merchants (FCMs) [7]

"TAT has helped drive national design and policy conversations around urgent issues ranging from housing shortages to strategies for accommodating climate change and for encouraging adaptive reuse. I look forward to continuing this legacy of impactful work and taking our practice to the next level." Post this For TAT and its 100-plus-person staff, the elevation of Schultz as managing principal builds on a track record of success and positive impact across more than half a century. During his 23 years at TA ...

Core Points - The Financial Reporting Council (FRC) has initiated a formal inquiry into Ernst & Young (EY) regarding compliance with UK audit partner rotation requirements during the audit of Shell's financial statements for the year ending December 31, 2024 [1][3] - The investigation will evaluate adherence to regulations concerning the duration of service for lead audit partners, as Shell reported issues with compliance to the London Stock Exchange in July 2025 [1][2] - EY has acknowledged that the time limits for partner rotation, as per the FRC's Revised Ethical Standard, were exceeded, leading Shell to amend its annual reports for 2023 and 2024, although the underlying financial statements will remain unchanged [2][4] Group 1 - The FRC's inquiry was confirmed during a Conduct Committee meeting on October 21, 2025, and will be conducted in accordance with the Audit Enforcement Procedure [3] - EY communicated to Shell that the US audit opinions for 2023 and 2024 should not be relied upon, prompting a reassignment of responsibilities and the reissuance of these audit opinions [3] - EY reported the exceeded time limitations to the FRC, indicating a proactive approach to compliance issues [4]

Acquisition and Contract - Odfjell Drilling has completed the acquisition of the Deepsea Bollsta drilling rig, which includes a drilling contract with Equinor until early 2028, with options for five one-year extensions [1] - The rig will be renamed Deepsea Bergen, with the formal name change set for 2026 [1] Refinancing and Financial Structure - The company has secured long-term funding through a refinancing process, which includes $550 million in term loans and revolving credit facilities, along with a new $650 million bond rated for 5.25 years [2] - The refinancing process has improved pricing, extended maturities to 2031, and retained flexibility through revolving facilities [5] Financial Stability and Earnings Impact - Odfjell Drilling's amortization schedule remains consistent, with an average annual amortization of around $94 million projected over the next five years [3] - The company has no significant debt maturities until 2031, ensuring long-term financial stability [3] - The acquisition was financed entirely through debt and is expected to have an immediate positive impact on earnings [3] Order Backlog and Operational Risk - The acquisition, combined with existing contracts for the Deepsea Nordkapp and Deepsea Aberdeen rigs, boosts the company's secured order backlog by nearly $1 billion since the last reporting period [4] - The company has operated the rig for the past three years and expects minimal operational risk during the integration process [4] Strategic Positioning - Odfjell Drilling has an average of two and a half years of backlog secured across its owned units at attractive day rates, positioning the company well for 2026 [5]

Nokia has long traded in a range, but a recent Nvidia partnership could boost the stock in 2026.In the tech world, Nokia (NOK 1.12%) has long been an afterthought. The company has struggled since 2007, when Apple's iPhone came out of nowhere to make its once market-leading cellphones obsolete. Even though it pivoted into telecom equipment in later years, its success has been limited.However, after announcing a partnership with Nvidia on Oct. 28, its stock price spiked. Even though it gave back some of those ...

Wyoming-chartered crypto bank Custodia has filed a petition with the full Tenth Circuit Court of Appeals, seeking reconsideration of the Federal Reserve’s denial of its master account application, escalating a five-year legal battle. The bank argues that the October panel decision misinterpreted federal law and raises constitutional concerns about the Fed’s authority. The petition, filed on December 15, requests en banc review, asking all active circuit judges to examine whether regional Federal Reserve ...

SINGAPORE, Dec. 16, 2025 /PRNewswire/ -- Visa (NYSE: V), a global leader in digital payments, today announced the launch of its Stablecoins Advisory Practice. The new value-added service offering by Visa Consulting & Analytics (VCA) provides actionable insights and recommendations to guide banks, fintechs, merchants, and businesses of all sizes on market fit, strategy, and implementation.As the stablecoin market cap surpasses $250 billion, Visa’s settlement volume has accelerated, reaching a $3.5 billion an ...

Core Insights - Goldman Sachs analysis indicates that investors are beginning to understand the underlying reasons for job loss announcements by companies [1] Group 1 - Companies are facing scrutiny from investors regarding the motivations behind their job cuts [1] - The analysis suggests that these job losses may not solely be a response to economic conditions but could reflect deeper strategic shifts within companies [1]