Are the bears just getting started? That’s a question posed by strategists at Bank of America, who noted Friday that investors pulled $17.5 billion out of global equities over the past week, making fo...
Tag: Bank
Ukraine’s central bank bans purchasing cryptocurrency using local currency
Ukraine’s central bank has banned the purchase of cryptocurrencies using the country’s local currency, invoking martial law, which has been in effect since the invasion by Russia. The National Union B...
Bank of England seeks $420M funding to regulate crypto
The UK Central Bank plans to intensify scrutiny over the buzzing cryptocurrency industry. To achieve this, the institution plans a major funding drive to monitor digital assets and assess how they are...
Saudi Central Bank Warns Official Entities on Forex Trading
Saudi official entities have been warned against the use of forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value o...
Russian Bank Finds Novel Way to Pay Lenders and Bypass Wall Street, Sanctions
(Bloomberg) — Sovcombank PJSC will offer a bond swap to its Eurobond holders to bypass the foreign banking web that has been blocking payments of Russian borrowers after sanctions were imposed f...
UK Central Bank to Raise $420 Million to Up Crypto Scrutiny
Britain’s banking regulator is planning to seek funding from the institutions it administers in order to increase its oversight of the crypto industry. The Bank of England’s Prudential Regulation Auth...
Will the $31.6 M budget of the Bank of England be sufficient to mitigate the potential risks of Crypto?
The budget for the upcoming financial year has been revised to $31.6 million(£24.3 million) by the regulatory arm of the Bank of England. The reason behind this raise, the regulatory body said, is the...
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia – Regulation Bitcoin News
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are ...
Ukraine’s Central Bank Bans Crypto Purchases in Local Currency
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Bank of England wants 9% fee increase from City of London firms to investigate crypto risks
The Bank of England is requesting a 9% increase in fees from firms in the City of London this year in order to fund research into emerging risks such as those with cryptocurrencies. Some in the City,...
Russian central bank needs to ease up digital asset projects, governor says
Elvira Nabiullina, governor of the Bank of Russia, has admitted that Russia’s central bank might have taken a bit too tough a stance on digital assets and should look to reconsider that. On Thursday, ...
Bank of England Solicits Funds to Enhance Crypto Crackdown
Britain’s apex bank, the Bank of England, through the Prudential Regulation Authority (PRA), is looking to raise as much as 321 million pounds ($419 million) from the commercial institutions it is reg...
US Regulator Slams Crypto Bank Anchorage for AML Lapses
The US Office of the Comptroller of the Currency (OCC) has found some lapses with the know-your-customer (KYC Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is...
Bank of England Urges Banks to Fund Bigger Scrutiny of Crypto
Yuri Molchan Bank of England plans to hire more staff to study risks to do with the expanding cryptocurrency market Bloomberg has reported that the central bank of England‘s (BOE) Prudental Regu...
The World’s First Regulated Crypto Bank Braces For Flood Of Institutional Money
Päivi Rekonen, Seba Bank’s chairwoman Seba Bank Less than half-an-hour’s train ride from Zurich, in the center of the picturesque town of Zug, there’s a centuries-old building with a frescoed fa...
Japan’s Central Bank (BOJ) is cautious about Digital Yen
The Bank of Japan will proceed with caution when it comes to the digital yen, preferring Sweden’s approach to China’s rapid development of experimentation. Central bank digital money has c...
Bitcoin Investors Have ‘Low’ Financial Knowledge, Bank Study Shows
Canadian bitcoin owners have little financial literacy and are susceptible to high levels of financial risk, a new Bank of Canada research shows. The Globe and Mail newspaper in Canada reported the s...
U.S. Unleashes New Sanctions Against Russian Oligarchs, Bank And Crypto Miner BitRiver
The US Department of the Treasury is targeting companies, oligarchs, and bitcoin miners operating in Russia for the first time ever as the country’s conflict on Ukraine enters its third month. Treasur...
Fed may need to be even more aggressive fighting inflation as U.S. household cash exceeds debt for first time in three decades, warns Deutsche Bank
With U.S. households looking in good financial shape, the Federal Reserve may need to be even more aggressive raising interest rates to cool the economy and bring down high inflation, according to a r...
Silvergate Bank Earns Nearly $60m in Q1, Net Income Hits $24.7m
American Commercial bank Silvergate Capital, a bank focused on digital currencies, reports financial results for the first quarter of 2022. According to the financial report, the company’s Q1 re...
Eugenie Curtil Becomes Bank of America’s FX Sales Head
Bank of America Merrill Lynch announced today that Bryant Park, head of global FX sales, is departing, according to an internal memo seen by Financial News. According to the media outlet, the bank has...
The news coming from this giant volcano is even gloomier than the new forecasts from the IMF and World Bank
Investors love looking at esoteric indicators for clues on how the economy is performing, and therefore how stocks, bonds and other assets will trade. How about looking at carbon dioxide emissions? Th...
Netflix, M&T Bank, Baker Hughes, IBM & more
IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday/ Netflix — Shares of th...
Royal Bank of Canada projects 40% surge for Boeing stock
Analysts at the Royal Bank of Canada just came out with a new price target for Boeing (NYSE: BA) of $265. The research note issued to investors on Monday, April 18, predicts that the stock could surge...
Crypto-focused bank Silvergate revenue soars 90% despite declining institutional interest
Although institutional interest in cryptocurrencies saw a major decline in the first quarter of 2022 due to the market being in a weak spot, it was a profitable period for institutional crypto-fiat ga...
Brazilian Development Bank Sets Deadline for Completion of Blockchain Network – Bitcoin News
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazili...
Silvergate Bank surprises investors with Q1 Earnings, SI Stock Up 14%
On Tuesday, April 19, crypto-focused Silvergate Bank (NYSE: SI) reported stellar earnings for the first quarter of 2022. As the result, the bank’s SI stock registered the highest surge in more than a ...
Cramer’s Mad Money Recap 4/19: Plug Power, Bank of America, Twitter
The stock market should’ve been down Tuesday, Jim Cramer told his Mad Money viewers, but instead, we had a great run. How’d that happen? It wasn’t bonds, earnings, or housing starts ...
Japan’s Central Bank Will Test Digital Yen Cautiously
Over the past years, developed and developing countries have shown a growing interest in central bank digital currency (CBDC). The Bank of Japan has recently announced a cautious approach to the digit...
Largest Bank Falls Victim to Crypto News Scam
The largest lender in Australia has warned that a story claiming that it has partnered with a cryptocurrency trading platform is false. The Commonwealth Bank of Australia (CBA) issued a statement that...
Silvergate Bank revenue soars in Q1 as institutional crypto trading activity falls
On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew...
PNC Bank Aims To Spread Careers In Motorsports For Women
Scott Dixon drives the No. 9 PNC Bank Chip Ganassi Racing Honda in the NTT IndyCar Series. (Photo by … [+] Chris Graythen/Getty Images) Getty Images A longtime partner of Chip Ganassi Racing’s N...