Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images When it was unveiled in 2019,...
Tag: Banks
Portuguese Banks Closing Crypto Exchange Accounts
The move of financial institutions in Portugal could drastically harm the crypto ecosystem in the region. Portugal is known to be one among the most favorable locations for crypto to evolve. However, ...
Capitalization of ETH surpasses many banks
The past few weeks marked by big rises have allowed ETH capitalization to surpass that of many banks. Wells Fargo and Morgan Stanley surpassed by ETH’s capitalization Ethereum outperforms Wells Fargo,...
US Senator Asks Top Financial Regulator To Roll Back Crypto Guidelines Set in Place for Banks: Report
US Senator Elizabeth Warren is reportedly asking the Office of the Comptroller of the Currency (OCC) to pull back the crypto guidelines it set in place for banking institutions. According to a new rep...
Senator Warren Wants OCC to Withdraw Crypto Guidance for Banks: Report
Senator Elizabeth Warren of Massachusetts is garnering support among colleagues on Capitol Hill for a letter that would ask the Office of the Comptroller of the Currency (OCC) to withdraw crypto guida...
USA: ban on cryptocurrencies by banks
In the United States of America, the campaign for the November Mid Term elections is beginning to ignite. One of the US politicians who has consistently come out against cryptocurrencies is Democratic...
Portuguese banks shutting crypto accounts citing risk management concerns
Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to “risk management” concerns, suggesting a shift in Portugal’s pro-crypto ...
A ‘shakeout’ among mortgage lenders is coming
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging d...
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals – Coinotizia
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image a...
Crypto Winter Gets Chilly for Portuguese Exchanges as Local Banks Close Accounts
Three crypto companies in Portugal have been left stunned at the decision of key banks to close their accounts. According to CriptoLoja CEO Pedro Borges, four banks, including Banco Comercial Portuguê...
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals – Finance Bitcoin News
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image a...
Pictet Group tells private banks to stay away from crypto
Amid the current market meltdown, Swiss wealth management firm Pictet Group is cautioning private banks against investing in crypto, Bloomberg News reported Aug 4. Speaking on a panel at the Bloomberg...
Senator Warren takes aim at changing rules on crypto offerings from banks
Senator Elizabeth Warren (D-Mass.) is circulating a letter among her Senate colleagues that would withdraw legal guidance for banks holding and trading cryptocurrencies, Bloomberg News reported Aug. 4...
South Korean Banks On Radar As Regulator Investigates Kimchi Premium Bitcoin ‘Irregularities’
South Koreans might be on the front line. The government, media, and regulators increased the scrutiny of the banks’ role in enabling kimchi premium dealers to profit quickly when trading volume...
Crypto Accounts Are Being Deactivated In Portugal’s Major Banks – Here’s Why
“Crypto-friendly” banks in Portugal have started deactivating accounts of digital currency exchanges, which could be a sign of things to come. Banking giant Banco Comercial Portugues, the largest publ...
Portuguese banks shut accounts of crypto exchanges
Banks in Portugal are closing the accounts of crypto exchanges in what seems to be a u-turn in the country’s pro-crypto policies, Bloomberg News reported on August 3. One of the biggest exchanges in t...
Banks in Portugal are Closing Accounts of Cryptocurrency Exchanges – Coinpedia – Fintech & Cryptocurreny News Media
In Portugal, a crypto-friendly country, some of the top banks have closed accounts of cryptocurrency exchanges operating within the country. Last week, the account of a Lisbon-based crypto trading pl...
Portugal`s crypto environment sours as banks shut exchange accounts
The crypto economy in Portugal has hit a new low. Some of Portugal’s major banks have shut the bank accounts of digital-currency exchanges. One of Europe’s most crypto-friendly locations may be dealt ...
Goldman Sachs says regulators are investigating credit-card practices
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery ...
Visa, Mastercard suspend payments for ad purchases on PornHub, MindGeek
Visa and Mastercard said Thursday card payments for advertising on Pornhub and its parent company MindGeek would be suspended after a lawsuit stoked controversy over whether the payments giants could ...
Senator Warren attempts to stop banks engagin…
Anti-crypto Senator Elizabeth Warren is currently whipping up support among senatorial colleagues to sign a letter to the OCC asking for banks to have a far tighter regulatory regime around their deal...
Job cuts, smaller bonuses loom for Wall Street bankers
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this ye...
Singapore’s largest bank DBS reports Q2 earnings
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. &#...
A Recession Is Coming. These Are the Stocks to Hunker Down In.
Eli Salzmann loves nothing better than finding a company that’s a “dog of a stock with no momentum” but on the verge of better days. At its core, that is what value investing is all about. Over the co...
Major Portuguese Banks Close Crypto Accounts (Report)
Some of the leading banks in Portugal, including Banco Comercial Portugues and Banco Santander, have reportedly shut down all of CriptoLoja’s accounts last week. The company is the first cryptocurrenc...
Portugese Banks Close Accounts of Crypto Exchanges, A U-Turn for the Crypto-Friendly Nation?
In what seems like a u-turn for the crypto-friendly nation, some of the top banks in Portugal are closing accounts of cryptocurrency exchanges operating in the country. Last week, Portugal’s biggest l...
Banks Aren’t Going to ‘HODL’ Bitcoin
The 1% exposure limit applies only to Group 2 assets. It means that because Group 2 assets are extremely risky, banks won’t be allowed to have much in the way of exposure to them. In the example...