The U.S. Office of the Comptroller of the Currency (OCC) is issuing a joint statement with the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) urging US banks to be more cautious ...
Tag: Banks
US Federal Reserve, Other Agencies Continue to Warn Banks About Crypto
“Given the significant risks highlighted by recent failures of several large crypto-asset companies, the agencies continue to take a careful and cautious approach related to current or proposed crypto...
US Banking Regulators Alerted Banks On Upcoming Potential Risks
The FTX breakdown has created an atmosphere of doubt and fear among crypto investors. The crypto market is filled with uncertainty which is reflecting in crypto asset prices. On January 3rd, 2023, Uni...
U.S. Regulators Warn Banks That Crypto Is Not ‘Safe and Sound’
The Federal Reserve and two other U.S. regulators today issued a warning to banks about cryptocurrencies. In a joint statement, the Board of Governors of the Federal Reserve, the Federal Deposit Insu...
US Regulators Warn Local Banks About Risks of Dealing With Crypto After Horrific 2022
American banking watchdogs warned domestic financial institutions that delving into the world of crypto could carry various risks, such as fraud. The warning comes as a result of a catalytic 2022, whi...
Fed Allows Banks to Crypto – Trustnodes
In a joint statement that aims to highlight crypto risks, the Federal Reserve Banks nonetheless made it clear that commercial banks can provide crypto related services. “Banking organizations are neit...
Federal Reserve, other U.S agencies warn banks about crypto
Top U.S agencies, including the Federal Reserve, have issued a warning to banks about their interaction with crypto assets. The agencies have indicated that it may be unsafe for banks to accept crypt...
Federal Reserve warns banks of crypto risks
The Federal Reserve, together with the FDIC, and the Office of the Comptroller of the Currency, issued a joint statement warning banks of the risks of dealing with crypto. The joint statement, publish...
Sasha Banks Debuts On January 4, 2023
Sasha Banks debuted in NJPW at Wrestle Kingdom 17. Credit: WWE.com NJPW Wrestle Kingdom 17 saw the return of former top WWE star Sasha Banks. Banks debuted under the new moniker “the CEO Mercedes Monè...
Federal Bank agencies alert Banks & issue crypto-asset risk highlights
Through an official joint statement, the Federal bank regulatory agencies happened to have cautioned the banking institutions against the key areas involving high-risk factors where the crypto assets ...
US Federal Reserve, FDIC warn banks against crypto risks
The US Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) warned banks about the risks involved with crypto in a joint statement on ...
U.S. regulators issue post-FTX collapse crypto warning to banks
U.S. banking regulators remain skeptical of banks holding digital assets. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. put out a jo...
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
North Korean Hackers Pose As VC Firms And Banks To Steal Millions From Crypto Startups
North Korean hackers are taking it a notch higher by pretending to be venture capitalists to steal from cryptocurrency startups. BlueNoroff, the name given by cybersecurity experts to a crew associate...
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
North Korean Hacking Group Steals Millions Posing as Japanese VCs And Banks
This December 27, Kaspersky Lab announced that the North Korean hacking group ‘BlueNoroff’ stole millions of dollars in cryptocurrencies after creating more than 70 fake domains and impersonating bank...
10 Biggest Banks in the World
Banks are financial institutions providing a breadth of products and services, including managing deposits, lending, wealth management, currency exchange, and investment banking. These banks’ cu...
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4...
Facing climate change, Asia farmers turn to risky microfinance loans
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attemp...
Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade
(Bloomberg) — Malick Diop felt something shifting on Wall Street. Most Read from Bloomberg He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer ba...
China Banks Rush Traders Back to Office Amid Covid Disruptions
(Bloomberg) — Some Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-1...
Here’s when banks will be closing on Christmas Eve 2022
Christmas closures are going to last longer than usual this year. And if holiday shopping has emptied your wallet or you need to handle any other banking business, Saturday will be your last chance—an...
Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers – Regulation Bitcoin News
Financial institutions in Russia will not be able to communicate with clients through instant messengers based outside the country, local media revealed. A new law passed by the State Duma also prohib...
The Yen Helps Sumitomo Mitsui Financial Group Soar To New 52-Week Highs
Yen, Japan, Sumitomo Mitsui getty Reacting positively to Japan’s central bank’s move to changes in its funds rate, Sumitomo Mitsui Financial Group blasted upward to a new high for the year. As the yen...
Private banks to manage future digital euro transactions
The European central bank (ECB) wants intermediaries, like payment service providers and credit institutions, to be responsible for digital euro transactions. European Union joined an extensive list o...