Brazilian digital bank Neon announced on Thursday that its revenues grew 3x in 2021. Neon stated that it expects to see its revenue rise more than double this year. The digital bank further disclosed ...
Tag: Bank
Commonwealth bank halts crypto pilot program 1
The Commonwealth Bank has announced the suspension of the crypto-based testing currently going on inside its app. According to the statement, the Australian bank was in the process of a second pilot t...
Why one hedge-fund manager invests in Bank of America and says Tether’s days are numbered
Guy Spier, the fund manager of the Aquamarine Fund, has no shortage of praise to pour upon Jamie Dimon, the chairman and chief executive of JPMorgan Chase. “The combination of Jamie Dimon and JPMorgan...
Australia’s Largest Bank Halts Crypto Trading Pilot, Says More Regulation Needed
Commonwealth Bank (CommBank), Australia’s largest bank, is putting a brake on the launch of its crypto trading service, with no firm timeframe to resume the project, The Guardian reported on Thursday....
Here’s The Worst Case Scenario For Stocks, According To Goldman, Deutsche Bank And Bank Of America
Topline Amid heightened recession fears, major Wall Street firms now warn that the ongoing market selloff, which is on track for seven consecutive weeks of losses, could get much worse—with stocks set...
Have the shaky movements in the crypto market made Commonwealth Bank to halt its trading operations?
The aftereffects of recent market turmoil have been noticed in a number of aspects where several institutions even stopped crypto trading The largest bank in Australia has stopped the crypto trading l...
JPY forecast amid the Bank of Japan keeping the monetary policy easy
The rapid depreciation of the Japanese yen (JPY) in the last couple of years led to one of the most impressive moves seen in the FX market in recent history. The yen simply melted, losing value agains...
Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test
Norway’s Central Bank is piloting it’s Central Bank Digital Currency (CBDC) using a sandbox created by Nahmii, an Ethereum L2 solution. Nahmii announced on May 16 that Norges Bank (Norway’s Central Ba...
Bank of England’s Cunliffe Warns Crypto Will See Tough Times as Federal Reserve Tightens Financial Conditions – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary...
Crypto Adoption Rises in Argentina Despite Strict Central Bank Regulations
Crypto industry is growing big and mature day by day, increasing its user base on a massive note. More so, crypto communities are expanding in all parts of the world nurturing its services to all user...
Why does an official at the Bank of England think that Crypto isn’t understandable to Retail Investors?
Since cryptocurrencies and blockchain technology are newer in front of the world, the skepticism regarding them is quite normal. Recently, The Wall Street Journal organized an event where Jon Cunliff...
Japan’s Investment Bank Nomura to Establish Digital Asset Arm
Nomura, a global investment bank headquartered in Tokyo, Japan, announced plans to launch a digital assets subsidiary for institutional clients. With the launch scheduled for later this year, the digi...
Bank of England governor warns of a ‘move out’ of risky assets like crypto
Investors in cryptocurrencies have been told to brace themselves for more challenging times ahead as tighter financial conditions throughout the globe stimulate interest in safer assets. When Bank of...
Bank of England Official Says Retail Investors Don’t Understand Crypto
Alex Dovbnya Bank of England official Jon Cunliffe says there’s no intrinsic value around cryptocurrencies During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined ...
Bank of America clients’ cash rises to the highest levels since 9/11 disaster
Concerns around equity markets and their near-term performance have investors transferring assets into cash. A Bank of America (NYSE: BAC) survey published on Bloomberg, shows investors moving into ca...
Deutsche Bank Announces Collaboration with FinLync
Deutsche Bank, a leading German financial services provider, today confirmed that it has formed a partnership with fintech platform FinLync. The collaboration will assist corporations through instant ...
Crypto CEOs are courting Brazil’s central bank as legislation moves through National Congress
CEOs from two cryptocurrency exchanges were scheduled to meet with Brazil’s Central Bank president Roberto Campos Neto in the past few days, indicating that talks between industry and the government a...
Bank of America Clients Hoard Cash at Highest Level in Two Decades
(Bloomberg) — Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey t...
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency
Total transaction value blocked was over 60 trillion Iranian tomans Iran’s Ministry of Intelligence has reportedly blocked 10,000 bank accounts The ministry did not provide any details on the accounts...
Crypto Subsidiary To Be Launched By Japan’s Largest Investment Bank
Leading Japanese Investment bank, Nomura has decided to launch a crypto subsidiary. This new unit by Nomura shall be operated outside of Japan with a team of 100 personnel by the end of next year. Thi...
Is it now or never for a stock rally? Fund managers’ cash pile is the biggest since 2001, says Bank of America
Fearing stagflation and higher interest rates, global money managers have been amassing cash at a level not seen in two decades. That’s according to an “extremely bearish” May survey of global money m...
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Coinotizia
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Economics Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RB...
Citigroup shares jump 7% after Warren Buffett reveals a near $3 billion stake in the struggling bank
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financi...
9,219 Bank Accounts Frozen by Iran Over Suspicious Crypto Transactions
4 hours ago | 2 mins read Editors News The Ministry of Finance froze more than 9,219 bank accounts belonging to 545 people. Iranian authorities are also taking action against cryptocurrency mining bey...
Crypto CEOs Chatting Up With Brazil’s Central Bank, Proposed Bill Under Process
No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you sure want to cancel subscription? Yes No Source: https://www.thecoin...
Japan’s largest investment bank Nomura readies new crypto subsidiary
The largest investment bank in Japan, Nomura, is set to establish a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs). The Financial Times rep...
Japan’s Largest Investment Bank Formed Institutions-Focused Crypto Unit
Only days after launching its first-ever Over-the-Counter Bitcoin derivatives to institutional clients, Japan’s largest investment bank Nomura doubled down on its crypto-based services by launching a ...
India’s Central Bank Reiterates Negative Views on Cryptocurrencies: Report
The Reserve Bank of India (RBI) toughened up its stance against cryptocurrencies, citing the rising asset class as a threat to its sovereign interest and a negative impact on the banking system. The n...
Buffett Exits Wells Fargo Stake, Ending Decades-Long Bet on Bank
(Bloomberg) — Warren Buffett demonstrated he’s still bullish on U.S. retail banking — but not on Wells Fargo & Co. Most Read from Bloomberg The billionaire investor ended his long-runn...
Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate’s stock portfolio. The big splash in B...