Bitcoin continues to push the cryptocurrency industry toward widespread acceptance on a worldwide scale, engaging directly with big traditional entities such as banks. The crypto’s remarkable market c...
Tag: Banking
JPMorgan ‘hates Tesla and me,’ Musk says in court
Tesla Inc. TSLA Chief Executive Elon Musk on Tuesday shed more light onto the often-acrimonious dealings between the EV maker and JPMorgan Chase & Co. JPM Musk said in a federal trial over his “fu...
EU banking sector adds €2.3 trillion to its assets balance in a year despite geopolitical tensions
The European banking sector is showing resilience and adaptability, having faced its fair share of challenges ranging from escalating geopolitical tensions and a harsh economic climate. The resilience...
Swiss Bank Cité Gestion Makes History by Tokenizing Its Own Shares, Setting a New Standard for Private Banking
The payment industry has evolved a lot since the advent of cryptography and web3 technologies. Several banks have been putting efforts into bringing a new revolutionizing payment infrastructure by int...
Fiat Banking Partner of Binance Places Minimum Transaction Cap
4 hours ago | 2 mins read Editors News The bank’s move comes as it seeks to reduce its exposure to the crypto sector. Binance, however, stressed that none of its other financial partners were affected...
I’m about to get $130,000 from a lump sum pension payout, what do I do with it?
I am about to receive a lump-sum payout from a pension plan I was in. It’s around $130,000. Need some advice on the best way to invest this money. I am turning 60 in April and don’t have a 401(k) or I...
Crypto Market Tango With Banking Sector Leaves Piles of Debt
Crypto companies take on multi-million dollar debts to finance their operations to meet the ask during a bull run. However, failing to repay the obligations leads to defaults, buyouts, and even bankru...
Powell Says the Fed Isn’t a ‘Climate Policy Maker.’ What That Really Means.
Text size Federal Reserve Chairman Jerome Powell said the Fed is not “and will not be, a ‘climate policy maker.’” Kevin Dietsch/Getty Images About the authors: David Arkush is director of Public Citiz...
Binance’s Banking Partner Will Start Ignoring Transactions Under $100K: Report
Crypto markets have been showing strong signs of recovery – but not everyone is convinced, and financial institutions are understandably on their guard. According to the Federal Deposit Insurance Corp...
Tesla, AT&T, Visa, Chevron, Microsoft, and More Stocks to Watch This Week
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Bitcoin soars past $23,000 to highest since last September
Bitcoin BTCUSD, +0.59% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday th...
Tesla, AT&T, Visa, Chevron, Microsoft, and More Stocks for Investors to Watch This Week
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Binance Banking Partner to Ban Crypto Trading Transfers Under $100K – Exchanges Bitcoin News
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposur...
Wells Fargo, Disney, and 10 Other Stocks Value Investors Are Watching
Text size Eaton Vance’s Adam Dunn expects cost cutting at Disney and a more balanced approach to growth and profitability at Disney+ under newly reinstalled CEO Bob Iger. Getty Images Sometimes, being...
Capital One Job Cuts Signal Trouble for IT Labor Market
IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 e...
Binance’s SWIFT banking partner set to ban USD transfers below $100K
Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers. The service disruption will impact users of U.S Dollar-he...
I-bond strategies: Answers to your questions about Series I bonds
Most people are still new to investing in I-bonds, and so it’s not surprising that they have a lot of questions about the basics. As a new year begins, the situation is even more complicated by strate...
The Fed Says It Won’t Cut Rates in 2023. Markets Disagree. Who’s Right?
Text size The Marriner S. Eccles Federal Reserve Board Building in Washington, DC. Kevin Dietsch/Getty Images About the author: Christopher Smart is chief global strategist and head of the Barings Inv...
Contributing To Banking Transformation in the MENA Region
Following the success of Verve Management’s first summit within the digital banking space, the 2nd Annual Future Banks Summit MENA 2023 taking place on March 7th & 8th in Dubai, UAE will highlight...
The 7th Edition Connected Banking Summit – East Africa will be held on 7th of March in Nairobi, Kenya – Cryptopolitan
Accelerating Digital Inclusion and Sustainable Transformation Global Executives, experts and leaders will take stage, as we return with the 7th Edition Connected Banking Summit in Nairobi, Kenya on Ma...
Ally Financial stock rallies 20% to highest levels since September
Ally Financial Inc. ALLY, +20.01% stock rallied more than 20% on Friday to close above $31 a share for the first time since September, after the car and mortgage financing company beat Wall Street’s f...
M&T Bank (MTB) surprises holders — Can 2023 banking trends push prices to $200?
M&t Bank announced its earnings; surprises holders. The 2023 banking trends seem exciting. Fed rates may pose a problem. M&T Bank Corp (NYSE: MTB) stock price soared 5.5% after the bank announ...
Should you add $30,000 to your retirement with an after-tax auto Roth conversion?
If you are saving up to the employee limit in your workplace retirement accounts and looking to add more, you’ll be glad to hear that employers are making it easier than ever to make extra after-tax c...
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks logged a third-straight losing session on Thursday as investors continue to deal with a mixed bag of economic data. That followed Wednesday’s session and extremely weak industrial production th...
Banking Panel Reinforces the Need for Crypto Regulation – Bitcoin News
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed ther...
No more ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides
JPMorgan Chase & Co.’s board heeded an outcry from shareholders about Chairman and Chief Executive Jamie Dimon’s compensation, which in the past has included more than $50 million in “special awar...
Scammers are out to get your mortgage money and even your home. Here’s how to fight them off.
We’ve all seen the email scams: “This is a genuie request.” “Your lendar has detected an unpaid sum.” “I’m a prince and I need your help.” Digital fraud has become highly sophisticated and, according ...