India’s central bank, the Reserve Bank of India (RBI) has tapped top nation banks such as HDFC, ICICI, and SBI for a blockchain-based trade financing project, Economic Times reports, June 23, 2022. RB...
Tag: Banks
African Central Banks Are testing different Digital Currencies
Following the launch of the e-Naira in Nigeria in October, several central banks in sub-Saharan Africa are investigating or testing out a digital currency. After the Bahamas, Nigeria was the second na...
Wells Fargo Stock Leads Banks As Stress Tests Boost Dividend Bets
Updated at 10:37 am EST Wells Fargo (WFC) – Get Wells Fargo & Company Report, and JPMorgan (JPM) – Get JP Morgan Chase & Co. Report traded higher Friday after the Federal Reserve...
JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, one of the largest emplo...
RBI, Indian Banks to Pilot Blockchain Trade Financing: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
CFPB may limit credit card late fees as inflation threatens to raise them
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. ...
Dow Drops 200 Points As Wall Street Banks Warn Of ‘Significant Downturn’ And Raise Recession Odds
Topline Stocks fell on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, predicting that markets could tank even further as the Fede...
U.S. Governor signs bill allowing Louisiana banks to custody Bitcoin and crypto for customers
As the cryptocurrency market expands and digital currencies become more widely adopted, some U.S. states are looking for ways to incorporate them into the operations of their financial institutions. O...
90% of Central Banks are researching the utility of CBDCs
In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the fea...
BIS General Manager calls on people to trust central banks, CBDCs
? Want to work with us? CryptoSlate is hiring for a handful of positions! In drumming up interest for this year’s Bank of International Settlements (BIS) Annual Report, General Manager Agustin Carsten...
Forbes’ Best-In-State Banks And Credit Unions 2022
getty The nation’s 4,839 regional and community banks and 5,041 credit unions are much different financial animals than the biggest banks in the United States. The behemoth banks have substantial chun...
US banks’ ability to ride out downturn in spotlight as recession fears grow
The ability of the largest US banks to withstand a severe economic downturn will be in focus this week as the Federal Reserve publishes the results of the industry’s annual stress tests, amid growing ...
Global Central Banks Race into Inflation Battle: How Does it Affect Crypto?
The inflation rate, which has been largely understated in recent years, is now gaining worldwide attention. The political system just can’t hide it anymore. Central banks have struggled to prevent inf...
Inflation the biggest poison for the world economy
Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. Denis Balibouse | Reuters E...
The week central banks spooked the markets
This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a week Good evening Global stock markets today were on ...
Warren Buffett broke up with most of his beloved banks — why is he still swooning over this one?
Warren Buffett broke up with most of his beloved banks — why is he still swooning over this one? The Oracle of Omaha has had a busy quarter. According to his latest 13F filing, Warren Buffett has depl...
Brex drops small business customers as Silicon Valley adjusts to new reality
Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | ...
Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.
Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S...
Kazakhstan asks exchanges to work alongside banks
Kazakhstan has become one of the leading cryptocurrency hubs globally. After the Bitcoin ban last year, the country’s crypto-economy expanded after becoming an ideal location for miners leaving China....
Kazakhstan Calls for Cooperation Between Crypto Exchanges and Banks
The government of Kazakhstan has approved guidelines for a pilot program that will foster cooperation between some banking institutions and cryptocurrency exchanges in the Astana International Financi...
‘The pain will go on’
Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Billionaire investor Ray Dalio is right to have bet against...
Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks – Exchanges Bitcoin News
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow re...
Major Banks Urge Rethink of European Union’s CBDC Plans
In a response to a European Commission consultation that closes Thursday, the Institute of International Finance (IIF) said there seemed to be an assumption that a central bank digital currency (CBDC)...
Sasha Banks Reportedly Released By WWE
Sasha Banks has reportedly been released by WWE. Credit: WWE.com Sasha Banks has reportedly been released per Raj Giri of Wrestling Inc. After teasing a big story regarding a release, Giri followed up...
Here’s what the Fed’s highest rate hike in 28 years means for you
What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s n...
Warren asks bank regulator to reject TD deal after customer-abuse report
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, Octob...
CFTC’s G. Romero raises the alarm of similarities between crypto now and banks in 2008
Goldsmith Romero, a commissioner with the Commodity Futures Trading Commission (CFTC), has raised the alarm over the crypto market’s correlation with the banking sector in years heading to the 2008 fi...
‘Profit recession’ warning as markets wait for aggressive central bank moves
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022. Brendan McDermid | Reuters Global stock markets diverged on Tuesday after a worldwide sell-off in the prev...
Warren Buffett broke up with most of his beloved banks — so why is he swooning over this one?
Warren Buffett broke up with most of his beloved banks — so why is he swooning over this one? The Oracle of Omaha has had a busy quarter. According to his latest 13F filing, Warren Buffett has deploye...
Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters The odds of a rec...
Hudson Banks On Loyalty Scheme With Instant 5% Reductions To Bag More Airport Shoppers
The Red by Dufry loyalty scheme is coming to Hudson in North America. Hudson Group Travel retailer Hudson, has launched a new loyalty program across its roughly 1,000 stores in airports, commuter hubs...