The head office of the People’s Bank of China, one of the participants in the Project mBridge pilot, … [+] alongside partners in Hong Kong, Thailand and the United Arab Emirates getty A pr...
Tag: Banks
United Kingdom banks are a threat to crypto, and that’s bad news for everyone
In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto busi...
Watch Christine Lagarde speak after the ECB hikes rates once again
[The stream is slated to start at 08:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference ...
Upgrade offers 3.5% APY as deposits battle heats up
Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Credit-card startup Upgrade is releasing a new savings account with what it ...
Q3 2022 earnings and overhaul
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that...
20 Banks Settled Cross-border Transactions Over $22M through BIS CBDC Project ‘mBridge’
– Advertisement – BIS’ Project mBridge Facilitated 164 FX Transactions Totaling $22M+ in Its 6-Week Pilot Stage. The mBridge Project has demonstrated efficient cross-border settlements, ...
Goldman Sachs, JPMorgan CEOs tip U.S. economy for recession
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expe...
Should you sell or buy European banks ahead of tomorrow’s ECB decision?
One of the most-awaited central bank meetings is the ECB meeting scheduled for tomorrow. The market expects the European Central Bank to hike the key interest rates by 75bp for the second time in a ro...
China’s state banks reportedly ordered to buy stocks to contain selling
Chinese stocks retreated on October 24, following data emerging on the health of the Chinese economy, as well as moves by President Xi to secure a third term. Reportedly Chinese banks have been order...
Another UK Prime Minister Resigns And Banks See Benefits As Earnings Season Kicks Off
Getty Images TL;DR UK Prime Minister Liz Truss has resigned amid economic turmoil created by her economic plan Earnings season has kicked off with the banks benefiting from higher interest rates The m...
Over 40 new challenger banks emerged in the last year globally despite economic meltdown
The demand for challenger banks has surged in recent years, a phenomenon mainly triggered by the pandemic when consumers increasingly embraced digital solutions. With the global economy attempting to ...
JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates
Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., Oct. 18, 2...
Stablecoins Could Massively Disrupt Traditional Banks, Says Acting Chairman of US Banking Regulator
A top US banking regulator thinks stablecoins could “fundamentally alter” the traditional banking sector based on historical precedent. In a new speech at the Brookings Institution, acting Federal Dep...
A crypto investment firm wants to buy one of the oldest banks in Germany
A very old traditional German bank is about to be bought out by a crypto firm. According to recent reports, Bitcoin Group SE is mulling plans to take over Bankhaus von der Heydt. The bank was founded ...
Paxos collaborates with Mastercard to aid banks
They aim to help banks offering crypto-trading services MasterCard will act as a “bridge” between Paxos and the banks A new program with crypto-exchange Paxos will be launched in conjunction with the...
These Banks Are Venturing Into Crypto Despite Ongoing Bear Market
The Berlin-based neobank – N26 – established a cryptocurrency service that will enable customers to buy and sell 100 cryptocurrencies. The largest fintech bank in Latin America – Nubank – also hopped ...
Why the World’s Largest Banks Are Bullish on Crypto
N26 has become the latest financial institution to offer crypto services. The move adds to other major banks around the world that are making inroads into crypto offerings. N26 announced that it would...
Robert Kiyosaki warns central banks can’t fix inflation and that ‘fake’ money is forcing state pensions to pivot — here are 3 real assets he likes now
Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry. In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign ...
Digital bank N26 launches crypto trading service amid bear market
N26 Crypto will let users buy and sell 100 tokens including bitcoin and ether. N26 European digital bank N26 announced Thursday it is launching a crypto trading service, starting with Austria as the f...
Analysis of Signature Bank’s Q3’22 Earnings
October 19, 2022, 10:27AM EDT • 3 min read Quick Take Signature Bank announced earnings on October 18, 2022 Closed today’s trading +2.8% in 1-day intra-day trading at $157.29 per share Reported $358...
Top 25 global banks continue shedding market cap despite rising interest rates
Rising market volatility, coupled with higher interest rates, was not kind to the market value of stocks, where even the financials, which often thrive in higher interest rate environments, were not s...
Bitcoin hits 3 Biggest Banks in the US as per market capitalization
Bitcoin is most possibly to attain a trading price that is crucially lower than its all-time high, which stood at $69,044 last year. It is currently at about $19,443, whereas it was about $58,051 in t...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
JPMorgan Chase gives early payday deposits to Secure Banking customers
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is giving some customers early access to their d...
Buffett-backed digital bank Nubank to launch its own cryptocurrency
Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a larg...
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’ – Africa Bitcoin News
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the mo...
Bitcoin Beats 3 Of America’s Biggest Banks In Terms Of Market Cap
Bitcoin, the largest cryptocurrency in terms of market capitalization, will most likely enter next month having a trading price that is significantly lower than its $69,044 all-time high attained on N...