Although the Indian government and central bank have been critical of the crypto market, they are working to bring some regulatory clarity to the matter. Earlier today, India’s Ministry of Finance iss...
Tag: Banks
Rotating roles will help women get to the top
More needs to be done to get women into management roles in finance, according to Santander Executive Chair Ana Botin. Bloomberg / Contributor / Getty Images The finance industry is not quick enough a...
CBDC: Central Banks Conclude Groundbreaking Study On Use Cases For Digital Currencies
Central banks around the world are exploring the possibility of issuing central bank digital currencies, or CBDC, as a digital version of their national currencies. The study on CBDC is centered on un...
European companies showing ‘surprise resilience’ — and better value than the U.S.
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — Eur...
J&J Kenvue spinoff adds slew of banks to its initial public offering roster
Kenvue Inc., the consumer products spinoff from Johnson & Johnson JNJ, +1.00%, has grown the roster of banks underwriting its initial public offering beyond the two original leads . Goldman Sachs ...
Crypto-Friendly Silvergate Bank’s Situation Being ‘Monitored’ by White House, Spokesperson Says
During her White House press briefing Monday, Jean-Pierre said she couldn’t speak to Silvergate specifically, but noted that a number of crypto companies have “experience[d] significant is...
Pakistan Banks Develop Blockchain-based KYC Platform
The Pakistan Banks’ Association (PBA), a group of 31 traditional banks operating in Pakistan, has signed off on the development of a blockchain-based Know Your Customer (KYC) platform. The move aims t...
Pakistani banks to develop blockchain-based KYC despite cold attitude toward crypto
Ad The State Bank of Pakistan has commissioned the development of a blockchain-based national eKYC (Know-Your-Customer) platform for retail banking, according to local media reports. The project is pa...
Silvergate Bank’s Future Still Alive? Will Potential Bailouts Save It?
The California-based Silvergate bank warned in a filing last week that it might not be able to remain operational for the next twelve months, which led to a bank run where depositors rushed to move th...
US Banks Are Finally Being Forced to Raise Rates on Deposits
(Bloomberg) — US banks are being forced to do something they haven’t done for 15 years: fight for deposits. Most Read from Bloomberg After years of earning next to nothing, depositors are discov...
Pakistan Banks’ Association (PBA) Announces Blockchain Use For KYC
5 seconds ago | 2 mins read Blockchain News The State Bank of Pakistan (SBP) is developing an electronic KYC system. PBA Chairman and Avanza Innovations CEO were present at Thursday’s signing event. T...
Pakistan banks agree on blockchain-based KYC system development
Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives. On M...
Pakistan Banks to Use Blockchain Technology for KYC – Blockchain Bitcoin News
Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the person...
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report – Economics Bitcoin News
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in ...
Silvergate short seller predicts crypto bank’s demise within a week
Marc Cohodes spent part of his Friday afternoon playing the conquering victor. The veteran short seller posted pictures of a seemingly deserted Silvergate office on Twitter, while telling The Bl...
Did Tether falsify documents to fool cautious banks?
Stablecoin giant Tether falsified documents that were provided to its banking partners, according to reporting from the Wall Street Journal (WSJ). The company is also reportedly under investigation by...
UK Crypto Crackdown: Which British Banks Allow You to Buy Bitcoin?
UK banks are getting tougher on customers using crypto. In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit ...
Nationwide joins banks in hampering UK crypto payments
Building society Nationwide is the latest banking entity to restrict customers’ ability to buy cryptocurrency in the UK, as it bans the use of a credit card to buy crypto and sets a $6,000 limit to an...
Japanese Banks Set to Launch Their Own Stablecoins
The “Japan Open Chain” will be used in a stablecoin test involving Japanese banks. The test will also involve local governments and private companies. Japan has taken a major step forward when it come...
Ripple Pursues CBDC Development, In Talks With 20+ Central Banks
Ripple Labs, a leader in blockchain payments, continues to expand its services and partnerships to improve cross-border transactions. The company has been collaborating with international businesses a...
Ripple in Touch With Central Banks as it Looks Beyond US
Brooks Entwistle, Managing Director for APAC and MENA at Ripple, said in a recent interview that central bank digital currencies (CBDCs) “are one of the most important and certainly the strongest case...
$33 billion fintech giant Revolut reports first-ever annual profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to ...
Ripple Is In Dialogue With Over 20 Central Banks On CBDCs
In a new interview, Brooks Entwistle, senior vice president of customer success and managing director of APAC and MENA at Ripple, talked about the company’s efforts and goals in the Central Bank Digit...
Walmart banks more revenue than Apple and Home Depot combined, but warns of tougher times ahead
Walmart (NYSE:WMT) banked $164.1 billion of revenue in the fourth quarter, per earnings results announced last week. This beat analyst expectations of $159.7 billion and was the biggest quarter in sal...
Goldman CEO David Solomon says asset management is the new growth engine
Goldman Sachs CEO David Solomon said Tuesday that asset management and wealth management would be the growth engine for the bank after his efforts in consumer finance went awry. “The real story ...
Credit Suisse ‘seriously breached’ obligations in Greensill case
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the ...
Snap Warns Users About ChatGPT As Coca-Cola Adopts AI, Banks Ban It
Snapchat logo, photo by Chesnot/Getty Images Getty Images Snap has announced it’s rolling out its own experimental chatbot “My AI” as part of a subscription product called Snapchat+ which can recommen...
Huobi, KuCoin reportedly transacting with sanctioned Russian banks
A report by open-source intelligence company Inca Digital alleges that two major crypto exchanges, Huobi and KuCoin, have been letting customers of sanctioned Russian banks make transactions on their ...