Advertisement     François Villeroy de Galhau, French banker and governor of the Central Bank of France, has noted that the financial system would immensely benefit fr...
Tag: Banks
BIS May Allow Banks To Hold 1% Of Reserves In BTC
The Bank for International Settlements has always maintained a skeptical stance regarding cryptocurrencies, which was further exasperated after the recent crash. However, it seems to have softened its...
JPMorgan Chase downgrades three regional banks
JPMorgan Chase & Co. analysts on Friday downgraded three regional bank stocks and said they’re moving their outlook for the sector to neutral based on rising expectations of a recession as w...
Basel Committee Proposes Cap For Banks’ Bitcoin Holding
The Basel Committee on Banking Supervision issued its second consultation on the prudential treatment of the crypto asset exposure. One of its proposals seeks to set a cap for Bitcoin holding at 1%. B...
Banks’ exposure to risky cryptocurrencies should be limited to 1%, Basel Committee proposes
The consultation paper proposes dividing crypto assets into Groups 1 and 2. Group 1 consists of tokenized traditional assets such as stocks issued on the blockchain and stablecoins that meet classific...
Banks can have a maximum 1% of reserves in Bitcoin
According to the Basel Committee on Banking Supervision, financial institutions should comply with a cap on the amount of Bitcoin they hold. This figure has been set at 1%, or at least that is the pro...
Bank for International Settlements to allow banks to keep 1% of reserves in Bitcoin
Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for International Settlements (BIS) intends to extend its hand to th...
CBDCs Are Natural Evolution Necessary to Protect Fiat Monetary System: Swedish Central Banker CBDCs an Evolution of Central Banks, Necessary to Protect Fiat Monetary System: Swedish Central Banker
CBDCs are an investment to protect the fiat-based monetary system. Cash is on its way out, and its share as a medium of payment will significantly reduce in the coming years. For central banks to stay...
Here’s what’s hot — and what’s not — in fintech right now
There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas...
VTB Bank’s Subsidiary Tokenizes Commercial Debt in Landmark DFA Transaction
Russia’s State-owned bank VTB, through its subsidiary, VTB Factoring has completed the country’s first commercial paper tokenization through a partnership with Lighthouse, an information system operat...
Celsius carried more risk than traditional banks, investor documents show
Crypto lending platform Celsius (CEL) was riskier for users than traditional banks, according to a report by The Wall Street Journal based on investor documents. The lending platform has been facing s...
Economy still not ready for big rate hikes ahead, Wells Fargo CEO says
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflati...
How to buy Series I savings bonds via TreasuryDirect
Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return th...
Celsius Had Double the Risk Profile of Traditional Banks: Report
Key Takeaways A new report by The Wall Street Journal claims that Celsius took on significantly more risk than it had publicly alluded to. Before it raised new funds last summer, the lender’s as...
1.7 Million Dogecoin Shifted Anonymously for Fees Unimaginable for Banks
Yuri Molchan Nearly 2 million DOGE have been shifted by anonymous wallets today Contents 1.7 million Dogecoin on the move This is how much DOGE Robinhood stores as FTX wants to buy it According to sev...
Banks Are Healthy. Why They’re Holding Back on Dividends.
Text size JPMorgan Chase held its dividends flat due to increasing capital requirements following the Federal Reserve’s stress test. Justin Sullivan/Getty Images Banks may have gotten a clean bill of...
Analyst: big banks have an edge over their smaller rivals
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and to take control of their financial futu...
Credit Suisse to overhaul its risk management after Archegos and other scandals
A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahe...
Jefferies Just Posted Results. Investment Banks Should be Worried.
Text size Total underwriting revenue at Jefferies was down by 62% as banks face tougher conditions. Amir Hamja/Bloomberg Wall Street just got a taste of what to expect when investment banks post secon...
Forget Klarna? Investors bet new startups will in ‘buy now, pay later’
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “spe...
JPMorgan keeps dividend unchanged as Bank of America, Morgan Stanley raise payouts
A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters JPMorgan Chase and Citigroup said Monday that increasingly stringent ca...
Customers Trust in Banks More than in Crypto, France Central Bank Governor Says
François Villeroy de Galhau, the Governor of the Bank of France, on Sunday said the recent crypto market meltdown caused by massive sell-offs has pushed consumers to trust more in banks than digital a...
Wall Street layoffs likely ahead as two-year hiring boom turns to bust
People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and ...
FCA investigates Wise CEO Kristo Kaarmann over tax default
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authori...
RBC top analyst sees comeback
Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy...
France’s central bank says users have more trust in banks than cryptocurrencies
France central bank governor François Villeroy de Galhau has suggested that the recent happenings in the cryptocurrency market characterised by massive sell-offs have pushed people to trust more in ba...
Bitcoin is much more sustainable than traditional banks- The Cryptonomist
Nasdaq has released a study showing that Bitcoin is actually 50 times more sustainable than the entire banking system. Bitcoin pollutes less than traditional banks The study reveals that Bitcoin cons...
U.S. Banks Are a Bargain. Bank of America and 7 More Stocks to Buy.
Text size Bank of America says lenders with large loan books will be affected as the economy worsens. Dreamstime U.S. financial institutions are trading at bargain-basement prices and continue to pres...