Tag: banks
All news related to banks.
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.
Indian Bank HDFC Bank Intends to Raise $6 Billion
Reading Time: < 1 minute HDFC Bank Ltd announced on Tuesday that it is planning to raise 500 billion rupees (approx. $6 billion) in debt over the next year.
Chinese Banks Want to Offer Services to Hong Kong-based Crypto Companies
Reading Time: < 1 minute Several Chinese banks, such as Shanghai Pudong Development Bank, Bank of Communications, and Bank of China, have opened accounts or requested cooperation with Hong Kong-based crypto firms.
US Senator Criticizes Banks for Ties with Crypto Industry
Reading Time: < 1 minute Colorado Senator Michael Bennet has expressed his opinion that banks working with the crypto industry are being reckless, as digital assets are incredibly unstable.
Crypto Exchange Gemini Says It Does Not Have Any Business Relationship with Signature Bank
Reading Time: < 1 minute Cryptocurrency exchange Gemini has announced that all customer funds are secure and held solely in JPMorgan, Goldman Sachs and State Street Bank.
US Exchange Kraken Will Launch its Own Bank
Reading Time: < 1 minute Kraken’s Chief Legal Officer Marco Santori has reported that their own bank, Kraken Bank, is on track to launch soon.
LedgerX Abandons Silvergate Services in Favor of Signature Bank
Reading Time: < 1 minute LedgerX has informed customers that it will stop working with Silvergate and transfers must now be done through Signature Bank.
ECB: Banks Must Now Adhere to Basel Standards When Dealing with Cryptos
Reading Time: < 1 minute The ECB has just urged banks working with cryptocurrencies to adhere to the standards developed by the Basel Committee on Banking Supervision.
DBS Will Launch Crypto Services in Hong Kong
Reading Time: < 1 minute DBS has decided to serve Hong Kong crypto traders.
Citadel Securities Acquires Stake in Silvergate Bank
Reading Time: < 1 minute Investment firms Citadel Securities and Susquehanna Advisors Group have recently disclosed their purchase of 7.5% and 5.5% equity stakes in Silvergate.
BNY Mellon: Cryptocurrencies Are Firmly Entrenched in the Financial Sector
Reading Time: < 1 minute According to Michael Demissie, Head of Advanced Solutions at BNY Mellon, cryptocurrencies are firmly entrenched in the financial sector.
