Binance cryptocurrency exchange has joined the Association of Russian Banks (ARB), which arguably bolsters its relationship with top financial institutions in the country. As reported by a local media...
Tag: Banks
Canadians Withdraw Money from Banks in Astonishing Numbers
Canadians are protecting their financial sovereignty. In a move planned in advance, Canadians have begun pulling all of their money out of bank accounts. This seems to be a natural reaction when the g...
US banks partner with crypto custodians
Grayscale Investments’ latest report “Reimagining the Future of Finance” defines the digital economy as “the intersection of technology and finance that’s increasingly defined by digital spaces, exper...
Carl Icahn launches proxy fight with McDonald’s over treatment of pigs
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant&#...
Massive Credit Suisse leak reportedly reveals possible criminal ties among 18,000 accounts
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse was scrambling Su...
Crypto Exchange Binance Joins Expert Center at Russian Banks Association – Exchanges Bitcoin News
Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the country’s growing cryptocurrency market. The coin ...
U.S. Blames Russia For Cyberattacks Against Ukrainian Banks
Topline The United States believes the Russian government was behind cyberattacks that knocked out the websites of Ukraine’s two largest banks earlier this week, U.S. Deputy National Security Advisor ...
Canadian banks facing mysterious hours-long outage
Banks with traditional infrastructure face notable concerns since the decentralized system has been introduced. On Wednesday, five major Canadian banks went offline. Following such issues, customers i...
Goldman CEO David Solomon raises financial targets, takes victory lap after crushing 2020 goals
David Solomon of Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs CEO David Solomon took a moment to bask in his firm’s recent performance before raising the company’s ...
Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto – Regulation Bitcoin News
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regu...
Bank of America CEO Brian Moynihan says U.S. consumer spending ‘very strong’ in February
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...
When Will Banks Adopt Cryptocurrency?
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St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges – Economics Bitcoin News
Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 pe...
DBS CEO Piyush Gupta on fourth-quarter earnings, shareholder dividends
Singapore’s largest lender DBS Group reported a record full-year profit for 2021, and its CEO Piyush Gupta told CNBC last year was “one of the best years” he’s seen. “Tha...
Two Senior Federal Reserve Staffers Made Trades Amid Central Bank’s 2020 Stimulus
Topline Two senior Federal Reserve staffers reported a series of financial trades as the central bank was putting in place historic levels of stimulus to prop up the economy at the onset of the Covid-...
Binance, led by crypto billionaire, takes huge stake
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned. The funds will h...
ECB Tells Banks to Prepare For Russian Cyber Attacks, Bitcoin Unaffected – Trustnodes
The European Central Bank (ECB) has turned its attention to the potential risk of cyber attacks emanating from Russia in the event of an escalation of tensions in Ukraine. Banks have been conducting c...
American Express launches its first digital checking account for rewards-hungry consumers
American Express Rewards Checking Source: American Express American Express, known for its array of perks-laden cards, is jumping into the highly competitive arena of digital checking accounts. The co...
What You Need to Know About Banks & Risk Management Strategies
There’s always a certain level of risk in every decision we make, even in the smallest ones. Of course, the risks are often significant when it comes to financial decisions, particularly when talking ...
SoftBank-backed fintech DriveWealth is adding crypto to take on Coinbase’s ‘unsustainable’ fees
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned....
Goodbye Easy Money as Hawkish Central Banks Speed Up Rate Hikes
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The end of easy money is upon us. Two years after the pand...
China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash
After eight years of guesses, discourse, and conflicting reports, China’s digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February. Time to introduce “yuan” self...
Local Banks Should be Able to Deal With Crypto (Report)
Anton Siluanov – Russia’s Minister of Finance – believes local financial institutions should have a universal license to facilitate cryptocurrency trading services. His viewpoint stands far from the c...
Citigroup CEO faces disgruntled workers, regulators’ demands in tough first year
Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisen...
Republicans grill Fed nominee Raskin over past views on climate and big energy companies
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirma...
Credit Suisse Appoints Michael Bonacker as Bank’s Vice Chairman
Credit Suisse, a global investment bank based in Switzerland, has today announced the appointment of a senior Oliver Wyman adviser, Michael Bonacker, as the bank’s vice chairman of investment banking ...
Russia’s Ministry of Finance Wants to Let Banks Sell Crypto: Report
Key Takeaways Russia’s Ministry of Finance has reportedly proposed new regulations to legalize cryptocurrencies as financial assets. The regulator has suggested that banks could be authorized to...
Traditional Banks Can Learn a Lot From Neobanks
Neobanks are the future of banking due to their decentralized nature and usage of cloud technology to protect data and transactions, and traditional banks can benefit from collaborating with these ful...
South East Asian banks venturing into crypto face heightened risks, warns Fitch
After a year of enthusiastic ventures and acceptance regarding cryptocurrencies, banks in South East Asia might be in for a hard time going forward, analysts at top financial institutions have warned....
Central banks throughout Asia work out their CBDC bumps
TL;DR Breakdown Central banks in Asia are leading the charge in creating their own digital currencies. Cross-border interoperability in Asia, for their CBDCs, is contingent on regional cooperation. At...
Buy SoFi Stock, Analyst Says. The Fintech Should Deliver Strong Revenue Growth.
Text size SoFi has been focused on member growth, according to BofA. Rafaelhenriquepress/Dreamstime SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to it...