Tag: banks
All news related to banks.
Coinbase CEO Criticizes British Bank Chase Decision to Suspend Crypto Transactions
Reading Time: < 1 minute Coinbase CEO Brian Armstrong has expressed his thoughts on Chase Bank’s recent decision to cease cryptocurrency operations in the British market.
SWIFT’s CBDC Interoperability Pilot is Joined by Additional Central Banks
Reading Time: < 1 minute SWIFT has connected the central banks of three countries to the second stage of its pilot testing for the compatibility of traditional systems with CBDC.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minute JPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Crypto Bank SEBA Granted Hong Kong Regulator’s Approval
Reading Time: < 1 minute SEBA Bank, a Switzerland-based licensed cryptocurrency bank, has been granted in-principle approval by the SFC to carry out digital asset-related activities in Hong Kong.
Tether Will Process USD Transactions Through a Bahamas Bank
Reading Time: < 1 minute The company, registered in the Bahamas, Britannia Bank, is its new partner through whom dollar transactions will be done in response to heightened regulations by the US and European Union on the movement of digital currency.
Coinbase Might Cooperate with Largest Canadian Banks
Reading Time: < 1 minute Lucas Matheson, who is in charge of Coinbase’s business expansion, has recently confirmed that his team is engaging in negotiations with the largest banks in Canada.
Trustee Plus Rolls Out a Payment Crypto Card
Reading Time: < 1 minute On August 1, Trustee Plus, a Ukrainian cryptocurrency neobank, began offering payment cards through Mastercard, which allow users to pay for purchases with digital assets at retailers. This card is […]
Australian Bendigo Bank Restricts Transfers to Crypto Exchanges
Reading Time: < 1 minute Bendigo Bank, one of the largest banks in Australia, has announced it will be blocking “high-risk crypto payments” in order to protect customers against potential fraud.
Former Goldman Sachs Executive Joins Circle’s Board of Directors
Reading Time: < 1 minute The former Chief Risk Officer of Goldman Sachs, Craig Broderick, has been announced as having joined the board of directors of Circle Internet Financial.
Deutsche Bank Plans to Store Crypto Assets
Reading Time: < 1 minute Deutsche Bank has recently submitted an application to BaFin for a license as a custody service provider for digital assets.
Former Greek Finance Minister: Banking Sector is “Fairly” Afraid of CBDCs
Reading Time: < 1 minute Economist and former Greek Finance Minister Janis Varoufakis has observed that banks in the US, such as JPMorgan, are fearful of the potential implications of central bank digital currency (CBDC) on their businesses.
Minneapolis Fed President Is Unsure About Benefits of National CBDC
Reading Time: < 1 minute Kashkari is doubtful about the project to create a national currency figure (CBDC), claiming that it is unlikely to contribute to the modernization of the state’s financial system.
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minute The FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
Regional Bank Stocks Fall Led by PacWest and Western Alliance
Reading Time: < 1 minute PacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Bain Capital Plans to Attract $4B for New Fund
Reading Time: < 1 minute Bain Capital is attempting to raise $4 billion for a global “special situations fund” as it seeks out investments in a wide range of asset classes, according to two people with knowledge of the matter.
US Authorities May Close Another Bank Serving Crypto Companies
Reading Time: < 1 minute Cross River Bank is listed as one of the lending institutions that serve crypto companies, such as Coinbase and Circle, the issuer of USDC.
Cryptos Will Outperform Other Assets Amid Banking Crisis: Opinion
Reading Time: < 1 minute Raoul Pal, a former top manager of Goldman Sachs and macro investor, has predicted that cryptocurrencies will outperform other asset classes.
ECB Vice President Luis de Guindos: The ECB Will Not Be Returning to Forward Guidance Policy for a While
Reading Time: < 1 minute It is unlikely the European Central Bank will resume providing insight into their future policy decisions due to the current uncertain outlook.
Société Générale Will Launch an ETH-Based Stablecoin
Reading Time: < 1 minute Société Générale’s subsidiary, Forge, is launching a euro-denominated Ethereum-based stablecoin called CoinVertible.
Deutsche Bank to Downsize its Workforce
Reading Time: < 1 minute Deutsche Bank plans to reduce its executive board from 10 to nine members and cut some jobs in infrastructure and private banking in order to save costs.
Morgan Stanley’s Q1 Profits Exceed Expectations
Reading Time: < 1 minute Morgan Stanley’s first-quarter profit exceeded expectations.
Institutional Shareholder Services Recommends Barclays Investors Re-elect All Board Members
Reading Time: < 1 minute ISS has recommended that Barclays investors re-elect all board members at its annual meeting in May, despite questions surrounding the board’s decision to support former CEO Jes Staley between 2019-2021.
Swiss Parliament Rejects Credit Suisse’s Rescue Package
Reading Time: < 1 minute Switzerland’s parliament rejected on Wednesday the government’s proposed 109 billion Swiss francs ($120.82 billion) aid package for the merger of Credit Suisse and UBS.
Hong Kong Bank Intends to Add Support for Cryptocurrencies
Reading Time: < 1 minute ZA Bank, Hong Kong’s largest virtual bank, will act as an intermediary for deposits and withdrawals from cryptocurrency trading platforms.
US Treasury Secretary Janet Yellen Calls on World Bank to Undertake Additional Reforms
Reading Time: < 1 minute Treasury Secretary Janet Yellen will call today for the World Bank to make further reforms this year.
