In Lebanon, banks will remain closed until further notice, according to the country’s Association of Banks. Crisis hits Lebanon’s banks Macroeconomic uncertainties, skyrocketing inflation and a wides...
Tag: Banks
Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
In Custodia’s complaint, lawyers for the Wyoming-based bank argued that a master account was “vital to Custodia’s ability to operate effectively and efficiently,” and that the Fed’s continued waffling...
Lebanese people turn to crypto, decentralization as banks close down indefinitely
The Association of Banks in Lebanon (ABL) announced an indefinite closure of all banks in the country on Sept. 22, as depositors are becoming aggressive about withdrawing their funds. Meanwhile, young...
What the Fed’s big interest rate hikes mean for Main Street economy
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Re...
Banks Offload $8.55 Billion of Citrix Debt at Rock-Bottom Prices
(Bloomberg) — A group of banks led by Bank of America Corp. and Credit Suisse Group AG has finally offloaded more than half of the $15 billion debt package supporting the buyout of Citrix System...
Watch JPMorgan Chase CEO Jamie Dimon and six other bank leaders get grilled by Congress
[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] The CEOs of the biggest U.S. retail banks, including JPMorgan Chase‘s Jam...
Congress to grill CEOs of top US banks on the state of the economy
Congress will, this week, grill CEOs of top US banks, including JPMorgan Chase & Co (NYSE: JPM), Bank of America Corp (NYSE: BAC), Wells Fargo & Co (NYSE: WFC), Citigroup Inc. (NYSE: C), and o...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
City Bank’s Report Lays Out The Aftermath Of The ETH Merge
The post City Bank’s Report Lays Out The Aftermath Of The ETH Merge appeared first on Stablecoin Vs Fiat Currencies: Features, difference, And Factors According to City Bank’s report, the transi...
Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Berkshire Looks Like a Loser with 3 Big Buys
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Big Regional Banks Might Face New Rules for Dealing With a Crisis
WASHINGTON—A group of President Biden-appointed bank regulators are considering new rules to require large regional banks to add to financial cushions that could be called on in times of crisis. The s...
3 central banks set to raise rates this week
The week ahead starts slow as there is a bank holiday in Japan and the United Kingdom. However, it is just the calm before the storm, as several central banks will issue their new monetary policy late...
A $2,000 Bonus for Opening a New Bank Account? Here’s the Deal With It.
High-yield savings accounts are paying far more than they did last year. Alexey Poprugin/Dreamstime Text size High-yield savings accounts are now paying far more than they did last year — see the best...
Indian Finance Minister Urges Banks to Use Web3 Technology to Detect Fraud
Indian Finance Minister Nirmala Sitharaman called on banks to use technologies such as Web3 and AI to detect fraud and generate early warning signs at the 75th Annual General Meeting of the Indian Ban...
Grayscale Banks on the New EthereumPoW (ETHW) Token
3 hours ago | 2 mins read Altcoin News Grayscale has announced today that it has more than 3 million ETHW tokens. Grayscale stated its “sole discretion” to sell or abandon the tokens in a filing. Gray...
The future of banks according to Binance’s CZ
At the close of the second day of Paris Blockchain Week organized by Binance in the French capital, an interesting Q&A was held with CEO CZ Zhao, who made himself available for about 30 minutes to...
SEC’s Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
In March, the SEC said all U.S.-listed public companies that function as crypto custodians should account for their crypto exposure as liabilities instead of assets on their balance sheets and disclos...
Reuters reports major US banks pausing crypto lending plans amid challenging SEC guidelines
The US Securities and Exchange Commission (SEC) guidance on crypto custody might impede banks from the industry because of the cost of implementation, Reuters reported on Sept. 16. According to the re...
3 Undervalued Bank Stocks To Buy Now: COF, BAC & PNC
Bank stocks have been surprisingly weak this year with the KBW Bank Index off as much as the S&P 500. I don’t think the punishment fits the crime and I believe the big selloff creates an intriguin...
Wall Street banks on a hunt for tech staff laid-off during crypto rout
After a number of cryptocurrency companies were forced to lay off a large chunk of their workforce as the result of a major crypto market meltdown, the laid-off staff now seem to be in high demand els...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
FX rates projections based on central banks’ terminal rates
As we enter the second half of the trading month, the FX market participants prepare for an increase in volatility until the end of the trading year. 2020, central banks were racing to raise rates in ...
Inside Bakkt’s mission to help banks offer crypto services to retail
Episode 86 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Bakkt Chief Product Officer Dan O’Prey. Listen below, and subscribe to The Scoop on Apple, Spotify...
Crypto Investment Regulation for International Banks May Be Ready by Year-End
The regulations that will govern internationally active banks that offer crypto investment services to customers will likely be ready by the end of the year. The Group of Central Bank Governors and He...
Celsius Banks on Future With New Plan Named ‘Kelvin’
Employees were skeptical about Celsius’ comeback plan at an all-hands meeting on Sept. 8 The Federal Trade Commission is looking to join the case, court filings show Celsius sparked a flurry of anxiet...
Abra to Launch ‘Chartered’ Banks Both in USA & Overseas
Abra, a Mountain view-based financial services company, is launching Abra Bank and Abra International, the company announced at SALT New York 2022. Abra Bank aims to become the first regulated bank in...
Wall Street slump leads to 50% plunge in JPMorgan advisory revenue
Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images The deal-making slowdown that has weighed on Wall Street this year shows no sig...
Are Banks Getting a Bit Greedy? – Trustnodes
Nasdaq has suddenly plunged 3.4% even though inflation slowed down for the second consecutive month, with banks and their analysts selling this as terrible news in any event because it did not fall to...
French and Nigerian Central banks to join Hyperledger Foundation
The Banque de France and the Central Bank of Nigeria were among eight new members announced by the Hyperledger Foundation on 12 September. Other names include CasperLabs and DSR Corp. The Banque de Fr...