Since the start of the pandemic, Bitcoin and cryptocurrencies have risen into the mainstream – giving big banks a run for their money, so to speak. At the same time, the side gig and creator economy h...
Tag: Banks
More and more banks ready to offer crypto services- The Cryptonomist
According to a survey by the consulting firm American Banker, carried out by interviewing 175 executives of local and global banks in the US, in 2022 the number of banks that will start offering vario...
No Investors Including Celebs Could Escape As Crypto Volatility Hits Banks
The crypto market experienced the worst crash in weeks, facing losses in a trillion. Shehan Chandrasekera, a certified public accountant, suggests investors sell their tokens now, that they bought at ...
How many Russian Citizens will support the Central bank’s idea of a Crypto Ban?
A few days back Central Bank of Russia suggested banning cryptocurrencies and their operations across the country, but reports and surveys show different opinions of Russian crypto users Concerning c...
Comcast, Chevron, and 7 More Companies That Just Boosted Their Stock Dividends
Text size Comcast raised its dividend this week. Jeff Fusco/Getty Images for Comcast Chevron , Comcast , and Kimberly-Clark were among the many U.S. companies that declared dividend increases this wee...
The relationship between Italian banks and cryptocurrencies
Even Italian banks look at the success of cryptocurrencies with a certain suspicion, mixed with fear. The case of Unicredit In January, a Twitter statement from the customer service department of Ital...
‘Snow Job’: The Plot to Hand the Crypto Industry to the Big Banks
In brief The Biden Administration’s crypto strategy hinges on stablecoins. The strategy is to use federal agencies to squeeze stablecoin issuers. The ultimate beneficiary is likely to be the big...
Deutsche Bank’s Net Profit Hits €2.5 Billion in 2021
Germany-based financial services giant, Deutsche Bank today published its financial results for 2021. The bank reported a significant jump in its net profit as the number surpassed €2.5 billion in 202...
IMF sees potential for further market turbulence as central banks hike rates
The International Monetary Fund has warned of further turbulence ahead for financial markets, particularly as governments around the world shift gears into recovery mode. Central banks’ moves to...
Deutsche Bank earnings Q4 2021
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Krisztian Bocsi | Bloomberg | Getty Images LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the...
Putin Provides Hope For Bitcoin Thriving In Russia Despite Central Bank’s Stark Proposal For Blanket Ban ⋆ ZyCrypto
Advertisement     In surprising comments made by Russian President Vladimir Putin, the nation could be softening its stance toward cryptocurrency. Putin is unlikely to...
CFPB signals crackdown on hidden fees for banks, credit cards
Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden a...
Putin pumps the brakes on Russian Central Bank’s push to ban crypto, sees future in mining
advertisement Russian President Vladimir Putin is not totally on board with the Central Bank of Russia’s recent call to ban cryptocurrency in the country. In a January 26 video conference, Puti...
Indonesia Ban Banks From Offering Crypto Services
Indonesia’s regulator has prohibited financial institutions from offering crypto services to protect investors against risks involved in investing in digital assets. The Indonesian regulator, Otoritas...
When central banks seek public discussion, Jan. 17–24
Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion pap...
Ex-Goldman CEO Lloyd Blankfein says ‘crypto is happening’ despite plunge in digital assets
Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Michael Nagle | Bloomberg | Getty Images Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of crypto...
Russian Banks Begin Testing Digital Ruble Payments – Finance Bitcoin News
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C)...
Stock Market Suffers Worst Week Since 2020. Here’s What Comes Next.
Text size The decline has been painful for investors who have been trained to buy on the dips. Michael Nagle/Bloomberg A bad start to 2022 just got a whole lot worse. The Dow Jones Industrial Average ...
Central banks asleep at the wheel as inflation spirals, Brazils Guedes
Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment. Speaking to CNBC...
Banks close record number of branches in 2021, led by Wells Fargo
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digit...
Goldman partners mint $15 million pay packages as boom times return
Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Bonus se...
Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers – Finance Bitcoin News
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are...
Gate Ventures Invests in SEBA Bank’s Series C Funding Round
Singapore, Singapore, 21st January, 2022, Chainwire Gate Ventures, the venture capital arm of global digital asset exchange Gate.io, has announced its participation in SEBA Bank’s $119M Series C round...
Central banks are being left behind by the breakneck speed of private currencies
Central banks see crypto and private payments as anathema to their vision of a world that they totally control through their own programmable digital currencies. The threat is, that before they can lu...
300 Banks to Offer Bitcoin to Clients in First Half of 2022
Alex Dovbnya Small U.S. banks are preparing to dive into Bitcoin Around 300 community banks are expected to launch Bitcoin trading in the first half of 2022 in partnership with Stone Ridge subsidiary ...
Goldman Sachs Stock Is a Buy—Even After a Disappointing Quarter
The lobby of the Goldman Sachs headquarters building in lower Manhattan. Goldman had a strong 2021, although trading slowed in the fourth quarter. Victor J. Blue/Bloomberg Text size Goldman Sachs Grou...