Tag: banks
All news related to banks.
Cryptos Will Outperform Other Assets Amid Banking Crisis: Opinion
Reading Time: < 1 minuteRaoul 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 minuteIt 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 minuteSociété Générale’s subsidiary, Forge, is launching a euro-denominated Ethereum-based stablecoin called CoinVertible.
Deutsche Bank to Downsize its Workforce
Reading Time: < 1 minuteDeutsche 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 minuteMorgan Stanley’s first-quarter profit exceeded expectations.
Institutional Shareholder Services Recommends Barclays Investors Re-elect All Board Members
Reading Time: < 1 minuteISS 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 minuteSwitzerland’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 minuteZA 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 minuteTreasury 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 minuteHDFC 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 minuteSeveral 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 minuteColorado 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 minuteCryptocurrency 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 minuteKraken’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 minuteLedgerX 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 minuteThe 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 minuteDBS has decided to serve Hong Kong crypto traders.
Citadel Securities Acquires Stake in Silvergate Bank
Reading Time: < 1 minuteInvestment 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 minuteAccording 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 minuteGerman 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 minuteThe Central Bank of Saudi Arabia will not rush to create a token.
JPMorgan: Investors Are Leaving Crypto Industry
Reading Time: < 1 minuteThey 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 minuteThe 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 minuteThe 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 minuteSwitzerland-based licensed crypto bank SEBA has recently launched an NFT storage platform.
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