Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sa...
Tag: Banks
NOE CRYPTO BANK: One of the World’s First Crypto Banks Is Set to Transform the Future of Banking
Place/Date: Castelldefels, Spain – August 1st, 2022 at 3:17 pm UTC · 4 min read Contact: NOE CRYPTO BANK, Source: NOE CRYPTO BANK Cryptocurrency first hit the headlines on October 21, 2008, by S...
Sasha Banks And Naomi Set For WWE Return; Teased For ‘Statement’ Raw
Sasha Banks and Naomi are reportedly set to return to WWE Raw. Credit: WWE Sasha Banks and Naomi are reportedly on their way back to WWE, per WrestlingNews.co, amid a turbulent 2022 that has seen one ...
Top US Regulator Tells Banks to Police Crypto Companies Over Misleading Deposit Insurance Claims
The Federal Deposit Insurance Corporation (FDIC) is telling banks to keep an eye on crypto companies and any potential deceptive deposit insurance claims. In a new advisory note, the FDIC says it’s co...
South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto
A foreign employee of South Korea-based Busan Bank stole roughly 1.48 billion won of customer funds and invested the money in crypto assets like Bitcoin (BTC), local media reported on August 1. Accord...
Voyager Again in Trouble As FDIC Issued an Advisory to Banks
Crypto entities don’t cowl by FDIC insurance. The U.S. Federal Deposit Insurance Corporation has issued a broad warning to bankers to maintain control of their cryptocurrency partners. They have also ...
China Banks May Face $350 Billion in Losses From Property Crisis
(Bloomberg) — China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turm...
Banks Used to Provide Relief From Inflation. Now They Profit Big
(Bloomberg) — The last time inflation burned hot, consumers could put money in the bank and watch it grow like the prices on store shelves, easing much of the pain. Most Read from Bloomberg Not ...
The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations – Coinotizia
A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a ...
The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations – Emerging Markets Bitcoin News
A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a ...
U.S. banking regulator instructs banks to curb confusing crypto claims on deposit insurance
The United States banking regulator, Federal Deposit Insurance Corporation (FDIC), has issued a new advisory to banks in a bid to curb customer confusion regarding cryptocurrencies. In the advisory pu...
More Trouble For Voyager, U.S. FDIC Issues Warning To Banks
The U.S. Federal Deposit Insurance Corp (FDIC) has issued an advisory to banks and FDIC-Insured institutions regarding its policies following claims by troubled crypto lender Voyager, that it is FDIC-...
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks – Finance Bitcoin News
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their stu...
IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks – Emerging Markets Bitcoin News
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. Th...
Inflation Reduction Act: What to Know About the Democrats’ Latest Economic Package
The bill Sen. Joe Manchin (D-W.Va.) and Majority Leader Chuck Schumer agreed to aims to address climate change, healthcare, taxes, and more. Photo by Kevin Dietsch/Getty Images Text size Build Back Be...
South Korea Interrogating Leading Banks in Light of Suspicious Activity
6 hours ago | 2 mins read Editors News FSS is investigating South Korea’s leading banks for unethical crypto transactions. FSS requested banks to submit an audit on noteworthy foreign exchange transac...
PayPal veteran Jim Magats is named CEO of MX, the startup that connects banks and fintech players
Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is nami...
JPMorgan hires scientist Charles Lim to head quantum computing unit
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum computing expert to be the bank...
Banks and regulators unable to keep up with speed of crypto
The cryptocurrency sector is moving at breakneck speed compared with banks and regulators in the traditional financial sector. Even hiring crypto experts is a major obstacle, as the best talent is in ...
How CEO Alex Mashinsky Went from Bashing Banks to Bankrupting Crypto Lender Celsius.
According to Mashinsky’s website, he has founded eight startups (Arbinet, Comgates, Elematics, Transitwireless, Governing Dynamics, GroundLink, Inseego and Celsius – and was generally also the chairma...
Credit Suisse chairman denies plans to sell or raise capital after mammoth loss
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann denied any intention t...
Deutsche Bank beats expectations to post eighth straight quarter of profit
Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceed...
Credit Suisse CEO to step down from embattled investment bank, WSJ says
Credit Suisse Chief Executive Thomas Gottstein addresses the Finanz und Wirtschaft Forum conference in Zurich, Switzerland, September 2, 2020. Arnd Wiegmann | Reuters Credit Suisse CEO Thomas Gottstei...
5 Big Banks With A Bright Future
In this Tuesday, Jan. 18, 2011, photo, a Morgan Stanley billboard is displayed in Times Square, New … [+] York. Morgan Stanley said Thursday, July 19, 2012, its revenue fell sharply in the secon...
1 in 5 Americans dodging credit card statements as interest spikes
domoyega | E+ | Getty Images As credit card debt swells and interest rates spike, many spenders are fearful about high balances. Nearly 1 in 5 Americans are afraid to check their credit card statement...
Coinbase Ventures Banks on Web3 and DeFi Sector After Q2 Report
Q2 investment memo showed a 34% decrease in transaction activity. Besides Web3 infrastructure, the company spent aggressively on blockchain gaming. According to Coinbase Ventures’ Q2 report, ove...
South Africans Are Willing To Invest in Crypto If Local Banks Get Involved
A survey conducted by Merchants, a Johannesburg-based company, revealed that 53% of South Africans possess no knowledge of cryptocurrencies. Just 14% have considerable knowledge. 23% of them are neutr...
Central Banks and Governments are very slow in regulating cryptocurrency: Rogoff
Central banks and the government are “way behind the curve”: Rogoff Rogoff gave an interview to Bloomberg and commented on the same The professor of Economics at Harvard University, Kenneth Rogoff sai...
Half of South Africans Will Invest in Crypto If Banks Provided Such Services: Survey
Merchants’ consumer survey found out that 53% of the South African participants have little to no knowledge of cryptocurrencies. Interestingly, almost half of the respondents said they would be more o...
Brock Lesnar Treated Differently Than Sasha Banks And Naomi After WWE SmackDown Walkout
Brock Lesnar reportedly walked out of WWE SmackDown. Credit: WWE.com WWE aired its first broadcast of the post-Vince McMahon era as Vince McMahon retired earlier today via Twitter. In response to McMa...
Three Big Banks To Watch As Earnings Roll In
. The coronavirus pandemic tested the resilience of banks and many have come out even stronger than they were before. Deposits across the country remain at historically high levels. To combat inflatio...