Jamie Dimon is waffling on his economic ”hurricane” take yet again. Now his bank is calling a “mild recession” later this year. JPMorgan Chase released its fourth-quarter earnings report on Friday and...
Tag: Bank
Ukraine Bank Finds Stellar Blockchain Brings ‘Key Advantages’
Ukraine, already receptive to crypto, has one more reason to be bullish on blockchain — thanks to Stellar. A Thursday report unpacking a two-year study on the feasibility of tapping the Stellar crypto...
Cardano (ADA) NFT: The Art Bank
This week’s guest on the Cardano NFT Column is a project banking on web3 creators to lead the digital renaissance and inspire the art of tomorrow: The Art Bank. The previous guest was a project that w...
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keepi...
India’s central bank governor calls for ban on crypto, compares it to gambling
Reserve Bank of India (RBI) governor Shaktikanta Das called for a ban on crypto during a recent conference, according to a Jan. 13. report from India Today. Das said that the central bank’s stance on ...
Crypto Lender Nexo Spawns New Bank Run
The crypto lending industry has been hit with a major blow as Nexo, one of the leading crypto lending platforms, has seen withdrawals worth over $158 million in the last 24 hours following a raid by B...
CBDCs Could Make Traditional Finance ‘More Attractive’ and Reduce Risk From Crypto, Say Central Bank Economists
Economists at the Bank for International Settlements (BIS) think central bank digital currencies (CBDCs) could “curb the demand” for crypto. In a new bulletin, BIS economists Matteo Aquilina, Jon Fros...
World Bank Warns Of Global Recession Risk
Getty Images Key takeaways The World Bank issued a bleak global growth outlook this week, revising last June’s projections down from 3% to 1.7% A significantly downgraded U.S. outlook hit particularly...
Reserve Bank of India wants cryptocurrencies treated as gambling
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, has once again reiterated his stand calling for the ban of cryptocurrencies on the grounds that they are speculative and similar to gambling....
Recession Now Seems More Likely Than Not—Here’s What Big Bank Earnings Revealed About The Economy
Topline Fourth-quarter earnings season kicked off Friday morning with a slew of big banks reporting a mixed bag of results—with some doing better than expected while others saw profits cut in half ami...
Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images Citigroup said fourth-quarter net incom...
Bank of America (BAC) Q4 earnings 2022
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America reported fourth-quarter results on Friday that showed higher interest rates helped the Wall Street giant make up for a sharp slow...
Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile – Regulation Bitcoin News
The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most...
Bank of America Posts Earnings Friday. What Wall Street Expects.
Higher interest rates are expected to drive up Bank of America ‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits. Bank of America (ticker: BAC) is forecast to post reve...
Bitcoin Looks To Retake $20,000 As Ether, XRP, Cardano Traders Bank On A Massive Bull Run ⋆ ZyCrypto
Advertisement     After an epic battle for control at the beginning of January, Bitcoin bulls managed to topple bears this week, with the price soaring past $18,000 on...
Mike Mayo expects bank stocks to massively outperform this year
Bank stocks have had a good start to the year and they’re likely to extend that strength moving forward, says Mike Mayo – the Head of U.S. large-cap bank research at Wells Fargo Securities. Mayo is su...
Bank of International Settlements outlines policy approaches to ban, contain or regulate crypto
The Bank of International Settlements (BIS) suggests that authorities can take three different approaches when it comes to crypto following a particularly turbulent year: Regulate, contain or call for...
Yes Bank share price is plunging: Is there an end in sight?
Yes Bank (NSE: YESBANK) share price has plunged as the momentum it had in December faded. The stock plunged to a low of ₹20, which was the lowest point since December 29. It has plunged by more ...
CNBC Host Jim Cramer Calls Fed’s Loan To Crypto Bank ‘Dangerous’
Jim Cramer has criticized Federal Home Loan Bank’s decision to bail out Silvergate. Silvergate received $4.3 billion to carry out operations after FTX collapsed. John Reed Stark said “liberty dies” as...
Russia’s Central Bank Gearing-Up on CBDC Settlement System
According to a local media Kommersant’s report, published on January 9th, 2022, in the first quarter, the Bank of Russia is planning to start developing a cross-border settlement model using the digit...
World Bank warns of global recession as growth forecasts cut for 2023
Just when the markets were beginning to feel a little more optimistic, a reminder of the predicament facing the world arrived. The World Bank cut its growth forecasts Tuesday, painting a grim picture ...
The Central Bank of Nigeria Published “Payments System Vision 2025”
Nigeria Payments System Vision 2025, the latest report from the Central Bank of Nigeria marked the necessity to create a legal framework for stablecoins. The report states that, Digital currencies bui...
World Bank Estimates the Global Economic Slowdown will Last Long
Given the global economic conditions over the past few months, the expectations from the world economy to perform better in the near future seems quite low. Many prestigious international organization...
Rally Catches Its Breath As World Bank Releases 2023 GDP Forecast
China Last Night KraneShares Key News Asian equities were mixed overnight while Japan and South Korea outperformed. Hong Kong and China eased in afternoon trading though the Hang Seng closed in the gr...
Silvergate the Bank in the Middle of the Web – Trustnodes
Coinbase has seen a most wonderful week in its stock price with Coin rising 20%, though still down some 80% since its all time high. Microstrategy (MSTR) is up 30%. Riot has gone nuts with the bitcoin...
World Bank slashes 2023 Forecasts & Alert Global Recession
The global economic condition is under the immense critical condition as the World Bank recently slashed its global growth forecasts from projections it made in mid-2022. Considering it as a warning b...
Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business
Shrinking crypto deposits by $8 billion to $10 billion and replacing them with wholesale borrowings costing around 4.25% will drive a significant reset in net interest margin in the coming quarters, s...
Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs – Finance Bitcoin News
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing con...
Swiss Central Bank Incurs $143B Loss; Biggest Loss in 116 Years
Swiss Central bank reported a huge loss of $143 billion in the year 2022. The loss marked the greatest loss in the history of 116 years. The loss is quite alarming as the current loss has a huge diffe...
World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’ – Economics Bitcoin News
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 ...