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TAMPA—Calling it one of the biggest ideas to “hit the credit union space in quite some time,” Tom Davis believes now is the time for credit unions to break down walls and collaborate nationally on a data warehouse that could someday rival big banks’ resources, saying it’s critical to CU viability.

LONDON—Several banks are in advanced discussions with British law enforcement and government agencies to establish two “groundbreaking” pilot programs aimed at sharing intelligence on significant financial crimes such as money laundering and terrorism financing.

HONG KONG—Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.

WASHINGTON—Andrea Gacki has been named director of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).