[The stream is slated to start at 08:45 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 after...
Tag: Banks
Goldman-backed digital bank Starling reports first annual profit
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. T...
Terra (LUNA) Investigation Brings S.Korean Crypto Exchanges & Banks Under Scrutiny
The after-effects of Terra (LUNA) crash is still being hovered around the crypto space. Once the Terra (LUNA) collapsed there was an investigation ordered by the court. The investigations are based on...
Banks Are Flooding the US Market With Bonds Many Hadn’t Expected
(Bloomberg) — Wall Street banks were supposed to be done with much of their borrowing in bond markets for the year. Then this week, they sold another $27.5 billion of notes. Most Read from Bloom...
Nigerian Commercial Banks ‘Apathetic’ Over CBDCs, says Governo
Nine months after launching the eNaira digital currency, the head of Nigeria’s central bank has criticized commercial banks over its lack of adoption. Godwin Emefiele, Governor of the Central Bank of ...
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue
Nigerian banks are reluctant to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. E-Naira offers a commission-free alternative to traditional money ...
Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies – Regulation Bitcoin News
Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments are “way behind the curve” in regulating cryptocurr...
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Apple to slow down hirin...
India’s Reserve Banks Wants to Ban Crypto, Seeks Global Support
India’s Finance Minister Nirmala Sitharaman today addressed Parliament, stating that the Reserve Bank of India (RBI) is seeking a total ban on cryptocurrencies, but believes that global collaboration ...
Goldman Sachs looking at reinstating year-end job cuts as economic outlook dims
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Goldman Sachs has slowed its hiring and is looking to cut the fees that it...
Goldman CEO David Solomon says inflation is ‘deeply entrenched’ in the global economy
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 ...
Indian Finance Minister Echoes Central Bank’s Crypto Ban Call but Says Global Collaboration Is Required
The question is among the first crypto-related queries in Parliament after reports that the RBI is responsible for a “shadow ban” on cryptocurrencies after payment processors cut off crypt...
UK fintech Starling withdraws European bank license application
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — British digital bank Starling is ending its bid to obtain a European banking license, dealing a significant ...
Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says
“Apparently, we’ll have options for both banks and non banks,” Himes told CoinDesk in an interview. He said Chairwoman Maxine Waters (D-Calif.) and the ranking Republican on the committee, Rep. ...
Goldman Sachs (GS) 2Q 2022 earnings
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before th...
Bank of America (BAC) 2Q 2022 earnings
Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Ge...
JP Morgan, Other Banks Are Strong Financially. Why Earnings Don’t Reflect It.
Text size Wells Fargo added $8.4 billion to reserves in the second quarter of 2020, released $1.6 billion a year later, and added $580 million in the most recent quarter. Michael M. Santiago/Getty Ima...
Young Americans reject the banks they’re born into
Swimming against the current: Young Americans reject the banks they’re born into There was a time when customers relied on one bank for all their needs, and each generation remained loyal to the...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan – Regulation Bitcoin News
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implicati...
Federal Reserve survey shows crypto is not a priority for private banks
Over the past year, institutional investors have increased interest in cryptocurrencies, with banking giants such as JPMorgan and Goldman Sachs diversifying into crypto-related offerings. However, des...
Louisiana Banks Can Now Store Crypto Assets
Banks in Louisiana are now allowed to offer crypto custody services to customers thanks to a new bill. Simply known as “802,” the bill will allow banks in the Pelican State to hold digital currencies ...
56% of banks say DLT and crypto are ‘not a priority’ in near future — Fed survey
A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the nea...
Crypto Is Not a Priority For Most Private Banks, FED Survey Concludes
Inflation is raging in the United States, and banks are looking for solutions to cope with this crisis. Still, crypto is not on the radar of financial strategists just yet. On July 15, the U.S. Feder...
Where Central Banks Have Issued Digital Currencies [Infographic]
Cryptocurrencies have seen better days. The Russian invasion of Ukraine has shattered the belief in BitcoinBTC as a safe-haven asset, and the digital currency hit a price of around $18,000 per Bitcoin...
Citigroup (C) 2Q 2022 earnings
Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis. Patrick T. Fallon | AFP | Getty Images Cit...
Wells Fargo (WFC) 2Q 2022 earnings
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the firm set aside funds for bad loans. Here are the numbers...
The S&P 500 Has a New Price Target. The Market Is Getting Dicey.
Text size Bank of America’s strategists believe that earnings forecasts will fall, bringing stock prices down with them. Amir Hamja/Bloomberg Bank of America strategists lowered their price targ...
JPMorgan CEO Dimon sums up U.S. economy in one paragraph — and it sounds bad
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Christophe Morin | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one ...
Jamie Dimon rips Fed stress test as ‘terrible way to run’ financial system
Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018. Janvhi Bhojwani | CNBC JPMorgan Chase CEO Jamie Dimon didn’...
JPMorgan Chase, Goldman Sachs, Conagra Brands and more
Pedestrians pass in front of a JPMorgan & Chase bank branch automated teller machine (ATM) kiosk in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Check out the companies...
Crypto’s Richest Billionaire Says Banks Should Be More Involved With Digital Asset Industry
The CEO of the world’s largest crypto exchange platform is advocating for banks to play a larger role in the development of digital assets. Binance chief executive officer Changpeng Zhao says banks se...
JPMorgan (JPM) 2Q 2022 earnings miss
JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks. The actions reflect Chairman and CEO Jamie Dimon&...