Bigger is better in banking—and Citizens Financial Group has been taking steps that should allow it to play with the bigger boys. Its stock looks like a winner. These days, it’s nearly impossible for ...
Tag: Banks
Coinbase’s stock craters to new lows after earnings disappointment, banks slash price targets
Crypto exchange Coinbase saw its shares drop by more than 20% Wednesday morning, a day after the company released earnings that revealed a declining user base and hefty expenses for the first quarter ...
Coinbase Hopes To Get Back To India, Despite Central Bank’s Hard Crypto Approach
Coinbase, the prominent crypto exchange that backed off with its business in India, was due to its firm stand against digital assets. The governing body of UPI earlier stated that it was not aware of...
Green Bay Fintech Firm Sequoir Developing Crypto Technology to Fill ‘Capability Gap’ for Banks
Sequoir, a Green Bay-based fintech company, announced on Wednesday that it is developing an offering that will enable community banks to hold cryptocurrencies and execute such trading. Justin Seidl, t...
Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-...
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region...
Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities...
Three Big Banks Invest in $105M Funding Round of Crypto Trading Firm Telos
Three major financial institutions – Citi, Wells Fargo and BNY Mellon – are among the new investors of United States-based Telos, a developer of institutional cryptocurrency trading techno...
CAR’s adoption of Bitcoin not taken firmly by Central banks in Africa
Bitcoin adopted by the Central African Republic has not been taken well by banks The legislative leader of the Bank of Central African States has given a searing letter to the Central African Republi...
9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market – Featured Bitcoin News
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence ...
Central African Banks Not So Favourable Of CAR’s Bitcoin Adoption
The governor of the Bank of Central African States issues a letter to CAR that talks about its crypto adoption. Seems like the Governor is not so inclined toward cryptocurrencies. The CAR’s adoption...
African Central banks not happy with CAR bitcoin adoption
The Central African Republic’s decision to make bitcoin legal tender in the country has put many backs up. A letter from the central banks cites the decision as having a very negative impact on Centra...
Why the UK economy is one of the most vulnerable right now
George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment ...
Central African banks scold the CAR for Bitcoin adoption
The governor of the Bank of Central African States (Banque des États de l’Afrique Centrale, BEAC) has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adopt...
Report Shows 90% of Central Banks Are Considering CBDCs
Over 90% of central banks are working on some form of digital currency, a survey has revealed. The Bank for International Settlements (BIS) surveyed 81 central banks and responses showed that 60% are ...
Last Week [In] Crypto: Crypto Mining Brouhaha, Increasing Adoption Rates, Trouble with Coinbase NFTs, Central Banks Hiking Rates
It was an interesting week for cryptocurrencies with lots of happenings in almost every corner of the ecosystem between May 2 to 8. While keeping up with all the news might be a mountain to climb, Be[...
90% of Central Banks Explore Launching CBDCs
73 out of 81 central banks work towards rolling out their own CBDC 50% of those financial institutions are currently developing such products Countries exploring the potential launch of such a project...
90% of Central Banks Explore Launching CBDCs (BIS Survey)
In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those financial institutio...
9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
90% of apex banks have shown intentions of rolling out Central Bank Digital Currencies (CBDCs), according to a study by the Bank for International Settlements (BIS). Per the report: “Nine out of...
Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services – Regulation Bitcoin News
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurren...
Your cash savings may get a higher return but only at certain banks
Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of l...
Argentina Banks To ‘Call A Halt’ To All Crypto Operations
Editors News Argentina availed a fund facility of $45B from IMF in May 2020. In March, the monthly inflation rose up to 6.7% in Argentina. Argentina’s inflation rates are spiking up at an alarming ra...
90% of surveyed central banks are exploring CBDCs — BIS
A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a pap...
Argentina Prohibits Banks From Offering Crypto Services
In a big blow to the Cryptocurrency industry, Argentina has prohibited all digital asset related services provided by the banks. According to the report, the Central Bank of Argentina (BCRA) has menti...
More Trouble For Crypto? 9/10 Central Banks Are Developing CBDCs
A recent survey by the Bank of International Settlements (BIS) shows that roughly nine out of 10 central banks are planning a digital currency (CBDC). A Central Bank Digital Currency (CBDC) operates s...
BIS: 95% of World Central Banks Into CBDC
BIS initiates a survey of central banks. Approximately 95% of central banks are into CBDC. The next two years will witness the launch of numerous CBDCs. Once apparently neglected, criticized, and rid...
Number of central banks involved in CBDC jumps 14%, BIS reports
The creation of central bank digital currencies (CBDCs) was one of the most notable stories in blockchain and cryptocurrency in 2021, even if CBDCs aren’t always linked to blockchain or decentra...
Argentina bans banks from offering crypto services
Argentina’s central bank has banned operations that allow bank clients to purchase crypto just two days after Banco Galicia, Argentina’s largest private bank, and digital bank Brubank announced they w...
Amid IMF Pressure, Argentina Bans Crypto Sales Through Banks
Key Takeaways Argentina’s central bank has banned financial institutions from offering services related to unregulated crypto assets. Since no crypto assets are regulated in the country, the mov...
Argentina’s central bank steps in to block new crypto offerings from banks
The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of the country’s largest banks signaled they were opening up to digital as...