Tag: banks
All news related to banks.
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.
German Bank DekaBank Launches a Crypto Custody Service
Reading Time: < 1 minute German bank DekaBank has recently teamed up with Metaco to use its Harmonize product.
Saudi Arabia is Not in the Hurry to Develop its CBDC
Reading Time: < 1 minute The Central Bank of Saudi Arabia will not rush to create a token.
JPMorgan: Investors Are Leaving Crypto Industry
Reading Time: < 1 minute They have recorded a sharp decline in the capitalization of fiat-backed digital currencies, which suggests investors are leaving the crypto sphere.
German Regulator Says Banks Are Not Too Interested in Cryptos
Reading Time: < 1 minute The interest of German banks in offering cryptocurrency trading to customers appears to be limited.
Circle’s CEO Compares FTX’s Crisis to Lehman Brothers’ Crash
Reading Time: < 1 minute The insolvency of FTX is comparable to the collapse of the Lehman Brothers investment bank, which was the catalyst for the 2008 crisis.
Swiss Crypto Bank Introduces an NFT Custody Service
Reading Time: < 1 minute Switzerland-based licensed crypto bank SEBA has recently launched an NFT storage platform.
Mastercard to Provide Banks with Tools to Access Cryptocurrencies
Reading Time: < 1 minute Mastercard has partnered with Paxos to act as an intermediary for traditional financial institutions to launch crypto trading.
JPMorgan CEO: “Cryptocurrencies Are Decentralized Ponzi Schemes”
Reading Time: < 1 minute Jamie Dimon, CEO of JP Morgan, has said that cryptocurrencies are “decentralized Ponzi schemes,” but blockchain technology has potential.
TrueLayer Will Lay Off 10% of its Employees
Reading Time: < 1 minute Open banking startup TrueLayer has announced it intends to cut headcount by 10%.
Central Bank of Philippines is Against Crypto Ban
Reading Time: < 1 minute The governor of the Central Bank of the Philippines (BSP) has said the regulator has no plans to ban digital assets.
Central Bank of Australia Talks About Advantage of Regulated Cryptos over CBDCs
Reading Time: < 1 minute RBA Governor Philip Lowe has said that regulated and consumer-facing private tokens are better than national digital currencies (CBDCs).
Protego Trust Bank Plans to Hit a $2 Billion Valuation Following Next Funding Round
Reading Time: < 1 minute Protego Trust Bank has opened a Series B funding round in which the company expects to receive a $2 billion valuation.
ECB: The Tests of the Digital Euro May Be Completed by 2026
Reading Time: < 1 minute The bank could start developing and testing the digital euro at the end of 2023 and the process may take 3 years.
Brazil’s Largest Neobank Plans to Open Access to Cryptos
Reading Time: < 1 minute Nubank has announced a partnership with Paxos.
Central Bank of Chile Insists in Autonomy of the Digital Peso
Reading Time: < 1 minute The central bank of Chile, which is developing the design of the digital peso, has announced the need for autonomous operation of the system.
