Regulated Swiss bank Seba has predicted that the price of bitcoin could reach $75K this year. “Institutional money will probably drive the price up,” said the bank’s CEO. Seba Bank’s Bitcoin Price Pre...
Tag: Bank
SEBA Bank CEO says BTC could surpass its ATH and peak at $75K this year
Guido Buehler, the CEO of Swiss-based SEBA Bank AG, believes Bitcoin (BTC/USD) could surge to a new all-time high (ATH) this year. He shared his prediction with a CNBC journalist during the Crypto Fin...
Solana Could Beat Out Ethereum to ‘Become the Visa’ of Crypto: Bank of America
In brief Solana boasts high transaction speeds as well as hundreds of decentralized applications on its network. A recent BofA research note says it could have many use cases for consumers. Bank of Am...
Solana Predicted to Eat Away at Ethereum’s Market Share by Bank of America
Alex Dovbnya Bank of America analyst Alkesh Shah believes that Ethereum will continue losing its dominance to Solana In his recent research note, Bank of America analyst Alkesh Shah predicted that Eth...
Jenny Harrington ‘regrets’ not owning this bank stock
Wells Fargo & Co (NYSE: WFC) have jumped roughly 20% in less than a month, but Wall Street analysts are convinced the stock is not out of juice yet. Piper Sandler sees upside to $64 a share In a n...
Crypto bank SEBA raises $120 million in Series C funding
SEBA — the Switzerland-based regulated crypto bank founded by former UBS employees — has raised 110 million Swiss francs (around $120 million) in a Series C funding round. The round was co-led by a co...
Owner of Russian bank Tinkoff acquires Swiss digital asset firm
TCS Group, the owner of the major private Russian bank Tinkoff, is gaining exposure to digital assets. The firm has invested in Swiss digital asset service provider Aximetria, which is set to become t...
Major Italian Bank Backtracks on Crypto Ban
Alex Dovbnya UniCredit has denied banning its customers from trading cryptocurrencies Milan-headquartered banking group UniCredit, which boasts 811.1 billion euros in total assets, has denied prohibit...
Bitcoin Might Reach $75,000 in 2022 on Internal Valuation Models: Swiss Bank CEO
Tomiwabold Olajide Swiss Bank CEO says internal valuation models see Bitcoin rising to $75,000 in 2022 Swiss Bank SEBA CEO Guido Buehler says his firm’s models see Bitcoin rising to $75,000 in 2...
World’s Worst-Performing Bank Lent Billions to China Evergrande
(Bloomberg) — It was once hailed as the future of Chinese banking, a privately run lender that would mint money by outmaneuvering its state-owned rivals. Most Read from Bloomberg An ill-fated pu...
Powell Says Fed Report on Crypto, Central Bank Digital Currency Is ‘Ready to Go’
The Federal Reserve’s much-anticipated crypto report is “ready to go” and will come out “in the coming weeks,” according to Fed Chair Jay Powell. The remarks came during ...
JPMorgan’s JPM Coin First Experiment Declared Successful by Bahrain’s Central Bank
The CBB or Central bank of Bahrain has successfully completed a JPM Coin test to achieve its goal to enhance client satisfaction through secure and efficient settlement services, it’s the first time t...
Binance taps former central bank exec to push compliance in CIS and Russia
Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to exte...
Central Bank of Bahrain successfully completes its digital payment trial using JPM Coin
The central bank of Bahrain (CBB) has successfully completed a trial run of the JPM coin in association with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial test included two other orga...
Bahrain’s central bank completes trial for JPMorgan’s JPM Coin
The central bank of Bahrain (CBB) has finalized the testing phase for JPM Coin. This places it among the countries that have made bold steps in adopting blockchain technology. The testing phase for th...
India: Axis Bank completes ‘industry-first’ transaction on govt blockchain platform
One of India’s largest banking giants has completed the first transaction on a blockchain platform backed by the country’s government in a bid to further India’s effort at digitizing its banking secto...
Top 3 bank stocks to buy ahead of the earning season
The earning season will kick-off on Friday this week as big banks like Citigroup, Wells Fargo, and JP Morgan publish their results. Analysts expect that American banks will do well and provide strong ...
German online bank N26 rushes to launch crypto trading in 2022
German online bank N26, revealed its plans to launch crypto trading service this year and add equities brokerage after that, reported Financial Times. The bank, which counts as one of the biggest Euro...
Bahrain’s Central Bank Declares Its JPM Coin Payment Test a Success
The Central Bank of Bahrain (CBB) has successfully completed a test of JPMorgan’s JPM Coin. The latter is a digital currency designated to make payments using blockchain technology. First Tests for JP...
Deutsche Bank Predicts This Media Company Can Become The Next Big Streaming Giant
Topline Analysts at Deutsche Bank named media and entertainment giant ViacomCBS as a top stock pick for 2022, arguing that it trades at a much lower valuation than its rivals and predicting the compan...
Italian Local Bank Unicredit to Ban Accounts Trading Bitcoin
Italian banking giant UniCredit has threatened to close the accounts of customers that are linked to crypto trading. According to the bank, their policies prohibit them from interacting with “counterp...
Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank o...
Wells Fargo, Bank of America draw price target hikes on bullish loan data
JPMorgan Chase analyst Vivek Juneja on Thursday lifted price targets on Wells Fargo & Co. WFC, +2.13% and Bank of America BAC, +2.18% after bullish Fed data on loans. “Banks should start 202...
Bank of America Pounds the Table on Nvidia Stock
With its fingers in the pies of everything from gaming, data center and crypto to auto and the metaverse, Nvidia (NVDA) has seen outstanding success both in real-world performance and from an investin...
Brazilian Brokerage XP to Acquire Local Investment Bank Banco Modal
On Friday January 7, XP Inc. a Brazilian investment management company, announced an agreement reached that would make it acquire Banco Modal, a Brazilian investment banking firm. XP stated that it is...
Fintech iFast to Acquire 85% Stake in UK’s BFC Bank
Singapore-based iFast Corporation, a wealth management company, is looking to acquire an 85 percent stake in the United Kingdom-licensed BFC Bank for £40 million, a regulatory filing on Friday reveale...
Central Bank of Bahrain Tests JPM Coin
The Central Bank of Bahrain (CBB), today announced the successful completion of the test with Onyx by JPMorgan’s JPM Coin System. CBB highlighted that the bank is planning to provide an improved custo...
These 14 bank stocks are in the best position to benefit from rising interest rates
What would you say if you were told about a company whose stock was trading much lower to expected earnings per share than the S&P 500 Index? At the same time, it’s also expected to increase EPS n...