Nigeria’s central bank has reportedly fined three domestic lenders for allowing transacting in cryptocurrencies. The action is in line with the apex bank’s 2021 circular, where the Central Bank of Nig...
Tag: Banks
Recession Warning Bells Are Ringing. These Banks Look Strong.
Text size Truist identified several banks that would likely be hurt less than their rivals in a mild recession. Dreamstime Concern that the economy could be about to shrink is growing, so bank analyst...
Research says 80% of Central Banks are either looking for or developed CBDCs
Authorities have experienced the adoption of digital currency’s notion and blockchain tech for various purposes, and now they are seeking it On Monday, 4th April, the second annual report of the Globa...
80% of central banks are researching CBDC
TL; DR Breakdown PwC report says more than 80% of countries are researching CBDC The report discussed the maturity of the digital currencies Analyst gives an opinion on CBDCs and stablecoins CBDCs are...
Henrik Andersen Joins Saxo Bank’s Board of Directors
Henrik Andersen, former President & CEO of Hempel A/S has joined Saxo Bank’s board of directors. At a meeting held on 4 April 2022, Saxo Bank’s shareholders welcomed Henrik Andersen as...
Goldman says record 236,000 students apply for internships
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Last year, a slide deck made by Goldman Sachs junior bankers detailing...
More than three-quarters of central banks considering a CBDC: research
More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Glob...
Wall Street Banks Could Lose Billions In Russia—Here’s How Much Exposure They Have
Topline The conflict in Ukraine has caused many of Wall Street’s biggest banks to begin winding down their business in Russia, but they could still face billions of dollars in losses as they reduce ex...
Jamie Dimon says inflation, Ukraine war may dramatically increase risks for U.S.
Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, poin...
As the Fed Raises Interest Rates, and Other Central Banks Don’t, What Will That Mean for U.S. Stocks?
The Federal Reserve’s recent decision to begin raising interest rates stands in contrast to many other central banks around the world, which are keeping their baseline interest rates flat or lowering ...
South Korean Banks Apply For license To Deal In Crypto Services
South Korea recently elected pro-crypto Candidate Yoon Suk Yeol as their President. Now, The Korea Federation of Banks (KFB) and its member banks are seeking approval from the incoming administration ...
Goldman Sachs is betting that you’ll want a $10,000 loan from the investment bank
David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs, the 153-year old investment bank, is now officially in the home improvement loan business as it continues a push into...
South Korean Banks Looking For Affirmation On Cryptocurrencies
The Korea Federation of Banks (KFB) might request South Korea’s incoming Presidential administration to support local banks servicing cryptocurrencies, highlights a leaked draft report. The content i...
South Korea’s Crypto Market Gears up to Legitimacy, With Banks Eyeing a Share of the Cake
With the incoming South Korean President, Yoon Suk-yeol, pledging the easing of crypto regulations, the market is on a solid path to being significantly legitimized, according to local media outlet Th...
gm Podcast, Episode 6: Ditching Big Banks for Bitcoin With Caitlin Long
gm Podcast, Episode 6: Ditching Big Banks for Bitcoin With Caitlin Long Caitlin Long spent nearly two decades at big banks Credit Suisse and Morgan Stanley before she went all in on Bitcoin. Now her c...
British Court Blocks Forex Rigging Class Action against Major Banks
London’s Competition Appeal Tribunal (CAT) has reportedly blocked a planned forex class action against JPMorgan, Citigroup, Barclays, UBS, and NatWest on Thursday. According to Reuters, the multi-bill...
Amazon renews Prime credit card pact with JPMorgan after flirting with American Express
Jeff Bezos and Jamie Dimon. Getty Images | CNBC Amazon has chosen to renew a deal allowing JPMorgan Chase to issue the tech giant’s flagship rewards credit card, ending months of heated negotiat...
Bank Earnings Are Coming. One Stock Analysts Like—and Another They Say to Sell.
Text size Analysts say Bank of America is positioned to do well in the current economy. Stephen Chernin/Getty Images With bank earnings coming in a few weeks, Bank of America is looking like a winner ...
Japan to Introduce Legislation Governing Banks and Crypto Exchanges
The Japanese government is pushing for new legislation that will see cryptocurrency trading platforms operating in the country under governance, which same rules apply to banks. As revealed by Chief C...
MLB reaches $125 million sponsorship deal with Capital One
Fernando Tatis Jr. #23 of the San Diego Padres runs past third base in the 8th inning against the Los Angeles Dodgers on April 18, 2021 at Petco Park in San Diego, California. Matt Thomas | San Diego ...
M&T Bank Stock Looks Like a Buy
Text size Citigroup’s Keith Horowitz’s price target of $220 on M&T Bank shares suggests 20% upside from Friday’s close. Daniel Tepper/Bloomberg Like a child waiting for a birthday present only to ...
Britain to reveal stablecoin regulation plans, sources say
A visual representation of Bitcoin. Edward Smith | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token know...
Singapore and Cambodia Central Banks Exploring CBDC
The central banks of Singapore and Cambodia are exploring central bank digital currencies (CBDCs) as crypto interest grows among ASEAN countries, said during a panel discussion at the China Conference...
Thailand to Protect Commercial Banks From ‘Unforeseen’ Crypto Risk
Thailand will restrict the role of its commercial banks in crypto to protect them from unforeseen risk, the central bank said. The Bank of Thailand said banks should limit their investment in digital-...
Why The Experts Are Banking On Financial Institution M&A
Interest Rates and other conditions are setting the stage for more bank acquisitions this year. By Calvin Trice and Jeff Sheban Business and technology concept. getty Bank deals should return to a ste...
Four Central Banks To Launch Digital Currency Prototypes in Partnership With Bank for International Settlements
The Bank of International Settlements (BIS) is partnering with four financial institutions to develop central bank digital currencies (CBDCs). In a new report, the BIS introduced Project Dunbar to foc...
BIS partners with four central banks to develop multi-CBDC platform prototypes
advertisement The Bank for International Settlements (BIS) Innovation Hub partnered with central banks in Australia, Malaysia, Singapore and South Africa to create two prototypes for an international ...
Know why the international banks should switch to ripple network
The Ripple blockchain network is being used by a multinational banking consortium to improve the efficiency of cross-border payments. Make cross-border payments National Australia Bank (NAB), Australi...
Ripple Is Under Siege as 63 Central Banks Collaborate on New Payments System Market
Tobias Lewis Ripple faces new threat as central banks create working prototypes of a rival cross-border payments system Contents Project Dunbar: an institutional Ripple competitor? Multiple prototypes...
Citi adds M&T Bancorp to focus list as favorite among six regional banks
Citigroup Inc. analyst Keith Horowitz on Thursday singled out M&T Bank Corp. as a new member of his focus list for outshining five other regional banks. M&T Bank MTB, +2.16% drew praise partly...