Hundreds of small US banks are set to offer Bitcoin (BTC) trading services during the first half of 2022 as digital assets continue to become popular among clients. According to a report from American...
Tag: Banks
FDIC-Backed Banks Send Stablecoins in USDF First
NBH Bank and New York Community Bank have conducted the first USDF transaction over the Provenance Blockchain. NBH Bank minted the newly introduced stablecoin and sent it to a customer of New York Com...
JPMorgan Chase To Spend $12 Billion On Technology…And Why Other Banks Can’t Keep Up
JP Morgan CEO Jamie Dimon expects to invest $12 billion in technology in 2022. (POOL/AFP via Getty … [+] Images) POOL/AFP via Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK In JPMorgan Ch...
SoFi, Procter & Gamble, U.S. Bancorp and more
Pampers Diapers, which are manufactured by Procter & Gamble, are displayed in an Associated Supermarket in New York. Ramin Talai | Bloomberg | Getty Images Check out the companies making headlines...
Here’s How Much More Big Banks Spent Last Quarter Amid Rising Inflation Pressures
Topline Morgan Stanley and Bank of America were the latest major banks to report solid earnings on Wednesday, though both firms reported a smaller increase in expenses than rivals like JPMorgan Chase ...
Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s Announcement – Regulation Bitcoin News
Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have cease...
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
Text size A Bank of America branch in New York. Victor J. Blue/Bloomberg Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earning...
MS earnings 4Q 2021
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Ima...
BAC earnings 4Q 2021
Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America on Wednesday topped analysts̵...
Why Investors Are Highly Optimistic In BitMEX’s Acquisition Of One Of Germany’s Oldest Banks ⋆ ZyCrypto
Advertisement     BitMEX just revealed its EU expansion plans. BXM Operations AG, a firm established by the CEO and CFO of BitMEX crypto exchange, has today revealed i...
SoFi stock soars after clearing final regulatory hurdle to become bank
Anthony Noto CEO of SoFi at the newly named SoFi Stadium under construction in Los Angeles. Stephen Desaulniers | CNBC Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday followi...
Goldman CEO says he sees ‘real wage inflation everywhere’ after 33% jump in pay expenses
People walk along Wall Street in the rain on July 08, 2021 in New York City. Spencer Platt | Getty Images Wall Street firms are playing catch up with employee compensation, boosting pay in the second ...
BIS Chief Urges Trust in Central Banks
Key Takeaways The general manager of the Bank for International Settlements, Agustín Carstens, has said that the soul of money is trust. According to him, this trust can never be outsourced and automa...
Group of US Banks Launch Initiative To Promote Adoption of New ‘USDF’ Stablecoin
US banks are jumping headfirst into the world of stablecoins as a group of US-backed financial institutions makes plans to mint a new stablecoin. According to a press release, the “USDF Consortium” wi...
BitMEX buys one of the oldest banks in Germany
BXM Operations AG, a company founded by BitMEX CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany, and also one of Ge...
BitMEX Looking to Acquire One of Germany’s Oldest Banks
BXM Operations AG, established by executives of crypto exchange BitMEX, has today announced plans to purchase Bankhaus von der Heydt, a 268-year-old German bank. The acquisition of the Munich-based ba...
Goldman earnings 4Q 2021
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is sch...
Countries & Central Banks Will Buy BTC
Surprising the world, Fidelity predicts what Bitcoin’s game theory implies. It’s as Satoshi Nakamoto said, “It might make sense just to get some in case it catches on.” That’s the exact same conclusio...
Credit Suisse Chairman Quits After Breaching Covid-19 Rules
Text size António Horta-Osório, former chairman of Credit Suisse AFP via Getty Images Credit Suisse Chairman António Horta-Osório has resigned only 8 monthsafter being appointed, following a board inv...
Banks will be sidelined by CBDCs – They will need to embrace crypto
Central bank digital currencies (CBDCs) are being researched, developed and trialled by countries across the world. All at different stages of this process. The central bank would interact with each w...
Credit Suisse needs to salvage reputation after chairman quits: Analysts
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters LONDON — Credit Suisse Chairman Antonio Horta-Osorio resigned on Sunday ...
Banks’ Earnings Show Lenders Aren’t All the Same. It’s Time to Pick and Choose.
Text size JPMorgan Chase and Citigroup both reported declines in trading revenue. Justin Sullivan/Getty Images The time has come to take a stock-picking approach to investing in banks. That was the le...
Big banks ready themselves for Fed rate hikes — which could be good and bad
The Federal Reserve hasn’t done anything with interest rates yet, but bank earnings released Friday show that the mere anticipation of a pullback in easy money policies is weighing on the industry. On...
The Fed is about to see a lot of new faces. What it means for banks, the economy and markets
Sarah Bloom Raskin Andrew Harrer | Bloomberg | Getty Images In what likely will be just a few months’ time, the Federal Reserve will look a lot different: Three new governors, a new vice chairma...
‘Astonishing’—An Investment Giant Just Advised Countries And Central Banks To Buy Bitcoin While The Price Is Low
Bitcoin soared through much of 2021, helped on by the likes of Tesla TSLA and El Salvador embracing the cryptocurrency (though Tesla CEO Elon Musk is increasingly backing the meme-based dogecoin). Sub...
Jamie Dimon says CEOs `shouldn’t be crybabies about it’
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Banks have been one of the main beneficiaries of high inflation recently because their profit ...
Switzerland: Testing of digital franc in joint operation with 5 banks ends ‘successfully’
It is no surprise that central bank digital currency (CBDC) will be a game-changer for international and local businesses. Then regulators, consumers, and other stakeholders. Basically, CBDC is a digi...
Swiss National Bank Trials CBDC in Transactions With Five Banks – Finance Bitcoin News
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out ...
Wells Fargo Stock Rises as Earnings Easily Top Estimates
Text size Wells Fargo bank David Paul Morris/Bloomberg Wells Fargo shares got a boost early Friday after the bank’s fourth-quarter earnings easily topped Wall Street’s expectations. Profits at the San...
NYCB and Group of Banks Join to Launch USDF Stablecoin – Bitcoin News
A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue US...