Mastercard CEO Michael Miebach supports open banking, emphasizing the importance of consumer consented data sharing and its long-term benefits for financial services. Financial industry leaders, including JPMorgan Chase and PNC Bank, are moving to charge third parties for access to customer financial data. JPMorgan Chase has begun sharing pricing details with fintechs and announced plans to charge fees for data access, citing improved risk assessment and fraud detection. The Consumer Financial Protection Bureau (CFPB) finalized open banking guidance in 2024, requiring free data sharing with third parties, though it may revise the rules. Experts like Cristian Bravo Roman and Brendan Deakin believe open banking enables more accurate credit and fraud risk assessments and personalized rewards. However, critics note increased cybersecurity and compliance costs, and concerns that fintechs and neobanks may gain competitive advantages. JPMorgan Chase's CEO Jamie Dimon has expressed concerns about third parties exploiting customer data for profit.

On August 18, 2025, several Indian companies are expected to be in the spotlight due to corporate actions, financial results, and regulatory developments. Knowledge Realty Trust made its debut on the stock exchange after raising Rs 4,800 crore via IPO with strong investor subscription. Vodafone Idea reported a widening net loss of Rs 6,608.1 crore despite a 5% year-on-year revenue increase. Glenmark Pharmaceuticals saw an 86.2% year-on-year drop in net profit to Rs 46.8 crore, with declining EBITDA and margins. Vedanta received a warning letter from SEBI for non-compliance with a Scheme of Arrangement. S&P Global Ratings raised credit ratings for several Indian banks and finance companies, including State Bank of India, ICICI Bank, HDFC Bank, and Bajaj Finance. KEC International secured new orders worth Rs 1,402 crore, bringing its 2025 order intake above Rs 8,400 crore. Alembic Pharmaceuticals received USFDA approval for Tretinoin Cream USP, with a projected market size of $94 million. PVR INOX expanded its network with new multiplexes in Bengaluru and Mumbai, operating 1,763 screens across 355 properties. Signatureglobal Business Park acquired 33.47 acres of land in Gurugram. JK Cement approved a greenfield expansion with a 7 MnTPA capacity for Rs 4,805 crore. PNC Infratech won a contract for a 300 MW solar project with energy storage. Somany Ceramics faced a temporary production halt due to a gas leakage incident. EMS received an order worth Rs 104.06 crore from UP Jal Nigam, and Globe Civil Projects secured a Rs 222.2 crore contract for a cricket stadium in Haryana.

Citigroup, one of the largest traditional financial institutions in the United States, is reviewing plans to offer custody services for cryptocurrency exchange-traded funds (ETFs) and stablecoins. The move follows clearer U.S. regulatory developments in digital assets and aims to meet compliance requirements by only supporting assets backed by lawful activities. The bank is also exploring the launch of its own stablecoin to support instant cross-border payments, following a model similar to JPMorgan’s JPM Coin. Citigroup’s efforts are part of a broader trend among major U.S. banks, including JPMorgan, Bank of America, and PNC, expanding into blockchain-based finance. The bank emphasizes safety, regulation, and legal compliance as key priorities before launching any new services.

Citigroup is considering offering custody services for stablecoins and crypto ETFs, with a focus on secure storage of assets backing regulated digital products. The bank aims to provide custody for high-quality assets linked to stablecoins and crypto ETFs such as BlackRock’s IBIT, which manages over $90 billion. Biswarup Chatterjee, global head of partnerships and innovation, confirmed stablecoin custody as the initial priority. Citigroup plans to adopt security standards equal to or exceeding those of leading crypto ETF custodians and verify asset legitimacy before acquisition. The bank also explores using stablecoins for faster global payments, leveraging its existing tokenized U.S. dollar payment system. This move comes amid new regulatory clarity under the Trump administration and follows similar actions by JPMorgan and PNC Bank, which have partnered with Coinbase. Ripple has also partnered with BNY Mellon for RLUSD stablecoin custody, positioning Citigroup among key institutions advancing stablecoin and crypto ETF infrastructure.

PNC Infratech reported a 24.99% decline in net profit to Rs 431.41 crore for the quarter ended June 2025, compared to Rs 575.17 crore in the same period of the previous year. Sales also decreased by 34.36% to Rs 1422.80 crore, down from Rs 2167.51 crore. Profitability metrics such as PBDT and PBT declined significantly, with PBDT dropping 74% to Rs 211.39 crore and PBT falling 77% to Rs 180.15 crore, while the operating profit margin (OPM) slightly decreased from 24.69% to 25.8%.