What is the SWIFT banking system? How would countries remove Russia from it? What effect would that have? The European Union announced Wednesday that it will bar seven key Russian banks from using the ...

WASHINGTON — World leaders reacted to Russia's invasion of Ukraine Thursday by unleashing robust sanctions on the Russian economy, President Vladimir Putin's inner circle and many of the country's ...

Initial economic sanctions against Russia over its invasion of Ukraine did not include a move to sever the Kremlin’s access to the SWIFT international banking system – an omission that has sparked ...

Peter is a writer and editor for the CNET How-To team. He has been covering technology, software, finance, sports and video games since working for @Home Network and Excite in the 1990s. Peter managed ...

Citi and Swift complete a Singapore trial showing synchronized fiat-digital settlement through PvP, using Swift rails and ...

SWIFT, the global bank messaging network, has announced plans to launch a new platform within the next one to two years. This platform will connect the emerging central bank digital currencies (CBDCs) ...

I’ve been going viral lately. I haven’t heard my last name this many times since Taylor Swift ran her Suzuki Swift into the back end of a Swift Trucking semi. My family should have trademarked the ...

The United States and the European Union moved quickly to impose economic sanctions against Russia and selected state-owned businesses following Russia's Feb. 24 invasion of Ukraine. One of the ...

The U.S., U.K. and European Union kicked “selected Russian banks” out of a major international banking system Saturday in response to the invasion of Ukraine. The SWIFT messaging system has been ...