Bank of America Corp (NYSE: BAC) popped up nearly 5.0% on Wednesday after the multinational said its profit topped expectations in Q4. But the stock then gave up almost the entire intraday gain on low...
Tag: Bank
German bank acquired by BitMex to enter EU
BitMex execs have acquired German bank Bankhaus von der Heydt to enter Europe Crypto-one stop shop to be opened by the acquisition of one of the oldest banks in Europe The company plans to expand op...
Regulator Offers Conditional Approval to SoFi Bank, despite Crypto Asset Activities
American online personal finance company Social Finance, Inc., commonly known as Sofi, has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to establish SoFi Bank...
Morocco’s Largest Bank Joins RippleNet
Alex Dovbnya Attijariwafa Bank has become the latest MENA bank to join RippleNet Attijariwafa Bank, the largest banking institution in Morocco with $53.3 billion worth of assets under management, has ...
Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe – Exchanges Bitcoin News
Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Swit...
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
Text size A Bank of America branch in New York. Victor J. Blue/Bloomberg Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earning...
Bank of America, UnitedHealth, P&G and more
Check out the companies making headlines before the bell: Bank of America (BAC) – Bank of America shares rallied 3.2% in the premarket after it beat estimates by 6 cents with a quarterly profit of 82 ...
Singapore crypto ATMs shut down after central bank crackdown
The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state. According to Bloomberg, to comply with new regulations issued by the...
Iran’s Central Bank to launch National Cryptocurrency in a Pilot Phase in the Near Term
The Central Bank of Iran (CBI) plans to roll out a digital currency pilot phase soon. According to a top CBI official, the digital currency will benefit the country by helping to resolve financial inc...
Iran to reportedly pilot central bank digital currency soon
The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon. According to a report by the Iranian Labour News Agency, the CBI vice governor said t...
Why Apple is a $200 stock: Deutsche Bank
It’s time to load up on shares of Apple (AAPL) after the stock’s less than joyous start to 2022, argues Deutsche Bank. “Considering a healthy demand backdrop and Apple’s stron...
SoFi stock soars after clearing final regulatory hurdle to become bank
Anthony Noto CEO of SoFi at the newly named SoFi Stadium under construction in Los Angeles. Stephen Desaulniers | CNBC Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday followi...
Bank of America share price forecast ahead Q4 results
Bank of America Corporation (NYSE: BAC) is scheduled to announce second-quarter earnings results on Wednesday, January 19, before the market opens. Shares of this bank continue to trade in a bull mark...
Stock futures are flat after sell-off on Wall Street, more bank earnings ahead
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Tuesday foll...
SoFi scores conditional approval for bank charter from US regulator
advertisement Personal finance company SoFi has won conditional approval in its bid to create a nationally chartered bank. SoFi Bank’s conditional approval was announced late Tuesday by the Offi...
16 unloved stocks ripe for a rally: Bank of America
After seeing a brutal reception on public exchanges post IPO in 2021, Bank of America strategists think it’s time to strike on a few unloved market newbies. “Fundamentals remain intact for...
BitMEX execs reveal EU expansion with German bank acquisition
Founded by BitMEX Group CEO Alexander Höptner and CFO Stephan Lutz, BXM Operations AG announced today its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regula...
BitMEX Group plans to acquire a 268-year-old German bank
Crypto firm BitMEX Group announced Tuesday its plan to acquire Bankhaus von der Heydt, a 268-year-old private bank based in Germany. The group’s BXM Operations AG — a company founded by BitMEX C...
Dollar Fails To Catch A Lift From Higher Yields, Bank Of Japan In Focus
Bank of Japan’s meeting on January 18, 2022, has come out as a turning point for the current month. Two issues were discussed with the main emphasis on the Bank of Japan committing to fix its monetary...
Pakistani Bank warns customers against trading cryptos
TL;DR Breakdown A major bank in Pakistan has warned its clients against trading cryptocurrencies. Bank Alfalah has warned its clients following the reveal that the State Bank of Pakistan (SBP) asked t...
Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions – Regulation Bitcoin News
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central ...
USD/JPY prediction after the Bank of Japan decision
The USD/JPY pair drifted upwards on Tuesday morning after the relatively hawkish statement by the Bank of Japan. It is trading at 114.75, which is higher than last week’s low of 113.50. Bank of Japan ...
Best Stocks, Crypto, and ETFs to Watch – Bank of America, Netflix, Ethereum in Focus
Bank of America Corp. (BAC) sold off in sympathy with JPMorgan Chase and Co. (JPM) in Friday’s session, reacting to the Dow component’s surprisingly weak quarterly revenue. A second day of lower price...
Singapore Restricts Crypto Ads — Central Bank Says Crypto Trading Not Suitable for the General Public – Regulation Bitcoin News
Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not sui...
Malaysian Central Bank “Actively Assessing” CBDC
Key Takeaways The Central Bank of Malaysia has written to Bloomberg that it is “actively assessing” the pros and cons of a central bank digital currency. The Bank has focused on boosting both its tech...
Bank of America Has High Hopes for Solana
Solana has caught the attention of Bank of America. In a recent statement, the financial giant stated that it feels Solana has what it takes to become the “Visa” of the cryptocurrency space. There’s a...
Central Bank of Malaysia is Testing Efficiency of a Central Bank Digital Currency (CBDC)
Central Bank of Malaysia, also known as Bank Negara Malaysia (BNM), recently replied to a query from Bloomberg about testing a Central Bank Digital Currency (CBDC). BNM is studying the usefulness of c...
Bank of America calls Solana “Visa of the digital asset ecosystem”
A leading financial institution, the Bank of America, has predicted that Solana could become the “Visa of the digital asset ecosystem,” which would enable it to steal more of the market share of Ether...
Indonesian Boy Ghozali Makes Bank Selling a Thousand Selfies as NFTs on OpenSea
The NFT space continues to thrive, with new collections making headlines every week. Now, a 22-year-old Indonesian boy managed to sell almost 1,000 selfies that he took over the past five years as NFT...