The Banker

The Reserve Bank of India's heavy intervention in foreign exchange markets has drained close to $20 billion from the country's surplus liquidity, according to bankers. The central bank has been selling dollars to support the rupee, absorbing rupee funds in the process and tightening cash conditions in the banking system.

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.

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.

Goldman Sachs has automated the voting options available to retail investors, according to Private Banker International. The move means individual shareholders can have their proxy votes processed and submitted without manual handling. Details on the technology used, rollout scope and client adoption were not provided, and Goldman Sachs has not publicly commented beyond the announcement.

Lindsey Johnson, president and CEO of the Consumer Bankers Association, is calling for greater transparency and data reporting around college costs and student outcomes. The statement urges colleges to disclose clearer information on what students pay and the results they achieve, a debate that touches directly on student lending and higher education accountability.

St. Louis Fed President Alberto Musalem, a voting member on the rate-setting committee through 2028, said central bankers do not need to make promises about future policy, but should explain clearly how and why decisions are made. His remarks feed the ongoing debate about how much forward guidance the Federal Reserve owes markets and the public, especially as officials weigh the path of interest rates.

A new essay in the CEU Review of Books examines the role of Jewish immigrant bankers in building American finance, arguing their contributions have not received proper recognition. The piece revisits how immigrant financiers shaped credit markets and banking institutions in the United States. It is prompting discussion about historical memory and the origins of American financial power.

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.