UBS (NYSE: UBS) and Credit Suisse (NYSE: CS) are the two best Swiss banking groups. In the past few years, the two companies have deviated as the latter has moved from one crisis to another. As a resu...
Tag: Bank
Citadel Securities buys 5.5% stake in Silvergate bank for market making
Citadel Securities disclosed that it owns 5.5% of Silvergate bank, which has been negatively impacted by the crypto downturn. The shares were bought for options market making, not as an investment in ...
Crypto Firm Taurus Completes $65 Million Funding Round Led by Credit Suisse, Deutsche Bank
Taurus SA – a Swiss entity that provides an infrastructure to issue, custody, and trade cryptocurrencies – raised $65 million to improve its platform and expand internationally. Major monetary instit...
Bitcoin-friendly DBS Bank to offer crypto services in Hong Kong
DBS Bank has revealed that it’s seeking regulatory approval from Hong Kong authorities to offer crypto services to its regional customers. Last year, the bank recorded a four-fold surge in demand for ...
Buffett’s firm buys Apple, slashes chipmaker and bank stakes
OMAHA, Neb. (AP) — Billionaire Warren Buffett’s company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Se...
Singapore’s DBS Bank aims for Hong Kong crypto license
Ad Singapore-based DBS Bank is planning to apply for a crypto license in Hong Kong, according to Bloomberg News. The bank didn’t disclose a date for the application but said it wanted to offer digital...
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake – Bitcoin News
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tu...
Bank of America sees another 17% upside
Shareholders of Nvidia Corporation (NASDAQ: NVDA) have a big fat smile on their faces so far this year – and a Bank of America analyst says that smile will only get brighter moving forward. Nvidia sto...
Was BUSD, Binance’s Shadow Bank Solution to Access USD-Decode the Truth Here!
Binance appears to be in deep waters as the platform has been speculated to carry out multiple administered moves in the past and in the present time as well. Recently, the SEC’s crackdown on Paxos, r...
Citadel Securities takes 5.5% stake in crypto-friendly bank Silvergate Capital; shares rise
Shares in Silvergate Capital jumped after market maker Citadel Securities reported a 5.5% stake in the crypto-friendly bank. Ken Griffen’s firm now owns over 1.7 million shares in the La J...
DBS Bank & Hong Kong: Proffer Crypto trading and Bid for License
DBS is planning to expand cryptocurrency services to Hong Kong. Planning to apply for a license so the bank can sell digital assets. It is always exciting when a huge traditional bank vent...
Bank Of Japan’s Next $5 Trillion Man Has Worst Job In Economics
Japan’s government nominated Kazuo Ueda to be the next governor of the Bank of Japan. Akio Kon/Bloomberg As poisoned-chalice jobs go, leading the Bank of Japan is a real standout. In fact, Kazuo...
UAE’s Central Bank pushes for CBDC for financial transformation
The UAE is looking to boost its cross-border payments while also enhancing its domestic financial infrastructure. This comes after the Central Bank of the UAE announced the issue of CBDC, short for ce...
DBS Bank and Huobi Latest Crypto Firms to Head to Hong Kong
Notable businesses like Huobi exchange and DBS bank are planning to expand to Hong Kong. The country is trying to attract businesses with its robust regulatory framework. Hong Kong is becoming the lat...
CBUAE Plans to Launch Central Bank Digital Currency
As part of the first phase of its recently initiated financial infrastructure transformation (FIT) initiative, the Central Bank of the United Arab Emirates (CBUAE) has plans to introduce a central ban...
DBS Bank to offer cryptocurrency trading in Hong Kong
Singapore state-owned megabank DBS Group is planning to expand its cryptocurrency services to Hong Kong as the Chinese territory pushes to become a digital asset hub. DBS Bank plans to apply for a lic...
UAE Bank Launches Financial Infrastructure Transformation Program
The Central Bank of the UAE launches Digital Financial Initiatives via Financial Infrastructure Transformation Programme (FIT). The FIT program includes nine key digital finance initiatives that allo...
DBS Bank Seeks Licensing For Crypto Customers In Hong Kong
Crypto News: As Hong Kong strives to become a center for digital assets, DBS Group Holdings Ltd. intends to submit an application for a license that would enable it to provide cryptocurrency to consum...
Oldest Brazilian Bank to Collect Taxes in Cryptocurrency
Banco do Brasil says users can now pay taxes in cryptocurrency The President of Brazil signed a law legalizing bitcoin payments in the country Banco do Brasil eases the methods of paying taxes, and no...
DBS Bank To Provide Crypto Trading In Hong Kong
Singapore-based bank DBS plans to apply for a license to help offer crypto trading services in Hong Kong. In recent times, Hong Kong has been embracing the crypto industry, which is why significant ba...
Singapore-based DBS Bank To Offer Crypto Trading in Hong Kong
2 hours ago | 2 mins read Bitcoin News Hong Kong has made concerted efforts to entice businesses of the digital asset industry. The DBS Bank in Singapore already runs a digital currency exchange. DBS ...
UAE central bank to issue CBDC as part of its financial transformation program
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial...
Brazil’s largest public bank Banco do Brasil enables tax payments using crypto
Banco do Brasil is the largest bank in Brazil by asset value. That bank has announced that it has enabled Tax Payments to be made with crypto. The crypto tax payment service will however operate via B...
Bank of Brazil Now Allows Citizens to Pay Tax in…
Brazil’s oldest bank, Banco do Brazil, or Bank of Brazil will now allow citizens to pay their tax bills using cryptocurrencies. The Bank is making this initiative possible in collaboration with Brazil...
Why The UAE Central Bank Is Interested In Issuing A Digital Currency
In recent months, initiatives surrounding central bank digital currencies, (CBDC) have gained traction as banking authorities attempt to streamline cross-border transactions and stimulate innovation ...
Citi nears sale of Mexican bank Banamex despite state interference
Citigroup is nearing the sale of its Mexican retail bank in a deal that could value it at up to $8bn despite government interference scaring off potential bidders and driving down the price of the uni...
Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street
Crypto bank Silvergate Capital Corp. stands in the second position as most-shorted stock in the United States, with over 72.5% of its shares shorted, according to the latest Short Interest Reporting f...
The Oldest Brazilian Bank Embraces Crypto Tax Payments
Banco do Brasil, the oldest bank in Brazil, has announced a major step forward in the world of digital assets. The bank has partnered with Brazil-based crypto exchange Bitfy to allow residents to pay ...
Brazil’s oldest bank allows residents to pay their taxes using crypto
A major Brazilian bank is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies. According to a statement published by Brazilian bank Banco do Brasil on Feb. 1...
Historic legacy bank enables Brazilians to pay taxes using crypto
Ad Brazilian bank Banco do Brasil and crypto firm Bitfy will enable Brazilian taxpayers to pay their taxes using cryptocurrencies. Banco do Brasil is the country’s oldest bank and among the world’s ol...