Traditional finance history and crypto industry commentary suggest that crypto will be more prone to macroeconomic factors in 2023, even as the credit contagion risks of shadow banks in FTX’s latest c...
Tag: Banks
Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines
Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer has defaulted on its credit lines. The home-goods chain said Thursday it received a noti...
An Electronic Wallet to Retrieve US Banks’ Customer Relationship
US banks have decided to introduce an electronic wallet that will allow shoppers to pay online without using other online payment services. The new move is an attempt by the banks to regain their cont...
Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern ban...
EU Will Allow Banks To Hold 2% Of Capital In Bitcoin
The European Union continues to push hard for clear regulations for the Bitcoin and crypto industry. After the final vote on the European Union’s draft legislation to regulate cryptocurrencies, the Ma...
Amid crypto winter, central banks rethink in-house digital currencies
Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries h...
EU imposes strict regulations on banks holding crypto
European Union lawmakers have imposed strict measures for banks holding digital assets in a bid to limit the amount of unregulated cryptocurrency that banks can hold. Strict rules for banks holding c...
EU Lawmakers Back More Stringent Rules for Banks Holding Crypto
Lawmakers in the European Union (EU) voted on and approved on Tuesday a draft law that would see banks in the bloc holding cryptocurrencies follow more stringent measures. EU Lawmakers Back Draft Law ...
Crypto Banks Borrow $13,600,000,000 From Federal Home Loan Banks To Meet Customer Withdrawals: Report
Two crypto-friendly US banks have borrowed at least $13.6 billion from Federal Home Loan (FHL) Banks to deal with a tidal wave of customer withdrawals amid the digital asset bear market, according to ...
EU Lawmakers Pave Way for Stricter Crypto Rules for Banks
European lawmakers have approved a bundle of changes that will impose steep new requirements on banks that have business dealings in crypto. The European Parliament’s Economics and Monetary Affairs Co...
EU Imposes Stricter And Extensive Crypto Regulations Banks
European Union lawmakers have agreed to several changes, including stricter new requirements for banks dealing with crypto and digital assets. The European Parliament’s Economic and Monetary Affairs C...
The Federal Reserve and Other Agencies Are Warning Banks About Crypto
U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the wor...
EU lawmakers impose stringent measures for banks holding cryptocurrencies – Cryptopolitan
On Tuesday, European lawmakers gave a mandate requiring banks holding cryptocurrencies to abide by more stringent measures. The Parliament’s Economic and Monetary Affairs Committee enforced increased ...
Bitcoin rally pushes BTC to surpass all global banks in market cap
The recent Bitcoin (BTC) rally characterized by increased buying pressure has elevated the maiden crypto to surpass leading traditional finance entities in terms of market capitalization. Indeed, with...
EU banks face stricter rules for crypto holdings
Banks holding crypto will need to follow strict laws to ensure capital requirements, lawmakers decided in a European Parliament committee vote on Tuesday. An amendment slipped in before the vote...
Analyst sees market making a big mistake with the energy transition
The pace of change in the modern world is often rapid and dizzying. Technologies that seem integral to our lives can, in what feels like an instant, become redundant and irrelevant. Energy is one sect...
Islamic fintech Wahed opens physical bank branch in London
Islamic fintech startup Wahed has opened its first physical branch on Baker Street in London. The glossy retail location is designed to look like an Apple store. Wahed An investing platform backed by ...
No Mention of Crypto as US Banks Plan Digital Wallet
Seven U.S. banks plan to launch a new digital wallet to stave off Apple Inc. and PayPal threats. Several banks, including Wall Street heavy-hitters JPMorgan Chase, Wells Fargo, and Bank of America, ar...
Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches – Africa Bitcoin News
With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite g...
EU to Impose Capital Requirements on Banks Holding Crypto
Prospective EU legislation could force banks to set aside a punitive amount of capital to back their holdings of cryptoassets. The Committee on Economic and Monetary Affairs of the European Parliamen...
Crypto Wallets On Crosshair of Major Banks As They Take On PayPal, Apple Pay
The major US banks, including Bank of America, JP Morgan Chase, and Wells Fargo are planning to introduce a new system that uses a digital wallet linked to customer credit cards and debit cards. The p...
EU votes to decide whether to force banks away from…
The European Parliament will today vote on a draft law to oblige banks to hold enough reserves in order to cover all potential losses from their crypto clients. In a move that could potentially cut th...
U.S. big banks want to rival Apple Pay and PayPal: here’s how
U.S. banks are reportedly working together to launch a digital wallet that will rival the likes of Apple Pay and PayPal. Analyst’s take on the upcoming e-wallet On Monday, the Wall Street Journal repo...
America’s largest banks to launch digital wallet to rival PayPal and Apple Pay
As financial institutions and organizations around the world are seeking innovative ways to improve their operations, such as through blockchain and cryptocurrencies, several banking giants have enlis...
US banks pressured to sever ties with crypto companies
Banks in the US are under increasing pressure to sever ties with cryptocurrency firms, as unfavorable media scrutiny, public sentiment, and regulatory measures against the industry grow. Not a single ...
Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay
Brendan McDermid | Reuters Several banks are reportedly working on a digital wallet that links with debit and credit cards to compete with Apple Pay and PayPal. According to the Wall Street Journal, t...
U.S. mortgage lenders gave crypto banks billions of dollars: Report
Join Our Telegram channel to stay up to date on breaking news coverage According to a Jan. 21 article in the newspaper, the Federal Home Loan Banks System (FHLB) of the United States is financing bill...
The Big Banks Want Their Lucrative Lending Back
(Bloomberg) — Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into wh...
Opinion: Central banks are buying gold at the fastest rate in half a century
Here’s another reason why it may not be completely insane to add some gold bullion to your 401(k) or retirement account. Central banks are stocking up. Three economists—Serkan Arslanalp and Chima Simp...