On July 6, five days after Three Arrows, which is also known as 3AC, filed for bankruptcy, Su and Davies appeared at an introductory Zoom call with lawyers for the hedge fund, but kept their cameras a...
Tag: Banks
Unbanked Bridges Digital Assets and Traditional Banks; Spreads Services To More Regions Across the Globe
Cryptocurrency has the edge over traditional financial systems because it is decentralized and ultimately free from the control and bottlenecks of banking institutions, central banks, and the governme...
What is tokenization and how are banks tapping into its design principles?
Tokenization is the process of converting something with tangible or intangible value into digital tokens. Tangible assets like real estate, stocks or art can be tokenized. In a similar vein, intangib...
Banks Flock to Fed Discount Window Typically Used as Last Resort
(Bloomberg) — The Federal Reserve’s campaign to tighten financial conditions has resulted in notably increased borrowing by US banks at the central bank’s discount window, normally a last-resort...
Promoting Bitcoin Could Damage The Reputation Of Banks, ECB Warns ⋆ ZyCrypto
Advertisement     The European Central Bank has cautioned banks against promoting Bitcoin investments, arguing that the cryptocurrency’s apparent calm will likely pan ...
Biden administration worked to stop crypto being ‘dangerously intertwined’ with banks
Referring to the events surrounding the collapse of FTX as “a handful of magic beans,” Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a pa...
Nordic Banks Accelerate Changes Amid Market Shake-up
Traditional banks are modernizing internal and customer-facing technologies to compete with new payment, investment and lending alternatives, ISG Provider Lens™ report says STOCKHOLM–(BUSINESS WIRE)–$...
TP ICAP gets FCA approval to offer crypto services to institutional clients
Capital markets firm TP ICAP has received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider. TP ICAP’s new exchange, known as F...
UK banks given new targets to boost working class senior hires
The U.K.’s financial services sector has been issued new targets for at least half of senior leaders to come from working-class or lower socio-economic backgrounds by 2030. Sopa Images | Lightro...
FTX contagion would be worse if banks were ‘dangerously intertwined’ with crypto
Contagion spreading through the crypto industry could have been worse if federally-insured banks were “dangerously intertwined” with crypto, according to Sen. Elizabeth Warren, D-Mass. Warren la...
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then e...
Indian Digital Rupee Set to Launch This Week With Four Banks
The Indian digital rupee retail pilot is set to launch on Dec 1 with four banks in four cities. What does the crypto community have to say? According to a press release from India’s central bank- The ...
Banks Stuck With $42 Billion Debt Seize Chance to Offload It
(Bloomberg) — Banks in the US and Europe with around $42 billion of buyout debt stuck on their balance sheets are making the most of their last chance to get rid of it this year. Most Read from ...
Report Reveals FTX Approaching Local Banks For Investment – crypto.news
Reports are emerging that the defunct FTX crypto exchange pitched local banks to invest their funds in the exchange to get reasonable returns. The latest revelation was made public today via an articl...
FTX-Alameda Research Contagion Could Spread To These Banks
Prosecutors are relatively clear about the relations between trading firm Alameda Research and crypto exchange FTX following the recent investigations. Alameda is found to be the primary firm supporti...
Central Banks and Bitcoin: Closer Than You Think
I used to think the adoption of bitcoin by central banks for their reserves would happen soon, given the urgent need in some pockets of the global economy – now I realize that getting regulators comfo...
Singapore Banks’ Exposure to Bitcoin ‘Insignificant’ but Subject to Highest Risk Weight
“Pending the finalization of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier crypto assets such as Bitcoin and Ether,” he sai...
Brussels accused of damaging EU competitiveness by bloc’s own banks
European commision hq The European Commission is facing a fresh row with the bloc’s banking industry after a raft of financial trade bodies warned that competitiveness is being seriously harmed by the...
3 Big Bank Stocks With Improved Price Chart Patterns
Bank Building getty That more investors are convinced the Fed will pivot next year to lower interest rates may be the reason for the buying coming into bank stocks. The expectation that such a favorab...
Investors Have Lost Faith in Crypto Exchanges. JPMorgan Sees an Opportunity.
A string of crypto business failures has stranded millions of dollars in customer funds this year, underscoring the level of trust needed for groups that are custodians of digital assets. JPMorgan Cha...
6 Preferred Stocks That Offer Safety and High Yields
There still is plenty of yield in the depressed preferred-stock market—even after the recent half-point yield decline in the Treasury 10-year note to 3.7%. Many preferred issues yield 6% or more and o...
Why Deutsche Bank Told Clients to Stay Away From American Banks
It’s always fascinating to observe how Americans are perceived by people from other places — depending on the country and the circumstances, common stereotypes range from unhealthy food t...
These 3 Low P/E Stocks Trade Below Book Value And Pay Dividends
value investment concept. getty These are value stocks. You can tell by the low price-earnings ratio, the fact that they are now trading below their book value and that they pay dividends to their inv...
Big banks are for boomers — Why more and more young Americans are breaking up with their parents’ banks
Big banks are for boomers — Why more and more young Americans are breaking up with their parents’ banks Move over millennials: Gen Z is eager to share the spotlight when it comes to shaping the consum...
Harvard Research Paper Tells Governments And Central Banks To Hold Bitcoin ⋆ ZyCrypto
Advertisement     A Harvard paper has urged central banks to hold Bitcoin as a way to circumnavigate sanctions. Only El Salvador has elevated Bitcoin to a national cur...
Central banks could leverage stablecoins as a shortcut, according to a New York Fed advisor – crypto.news
Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve res...
Jump Crypto, Polygon Ventures, GSR contribute to Binance’s $1 billion recovery fund
Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. A...
Involvement Of Banks Raises Questions
Beleaguered crypto exchange FTX’s connection with Tether remains in question as the banks used by both companies are run by the same person. FTX’s Alameda Research invested $11.5 million in Farmington...
Bank of Japan set to test virtual Yen, plans to utilize three giant banks – crypto.news
In 2026, the Bank of Japan (BOJ) intends to decide if it should launch virtual money. The apex bank is still testing a prospective virtual Yen amidst Japan’s uncertainties as to when to adopt a blockc...
Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse
The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surpris...