David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...
Tag: Banks
The Fed Rejects Custodia Bank’s Membership Application
Custodia Bank, a bank that deals in cryptocurrencies, asked the United States Federal Reserve to reconsider its membership application to the Federal Reserve System. However, the United States Federal...
Netflix’s ‘Outer Banks’ Season 3 Is Not Good
Outer Banks Netflix Netflix has a new anointed favorite series, Outer Banks, which has returned for a third season riding high off its renewal for a fourth before these new episodes even aired, truly ...
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency – The Weekly Bitcoin News
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate...
3 Canadian Banks for Big Dividends
Banks currently enjoy a strong tailwind thanks to the aggressive interest-rate hikes implemented by central banks, which are doing their best to restore inflation to normal levels. Rising interest rat...
Fed Increases Focus on Crypto, Alerts Banks to Liquidity Risk
Continuing its increased scrutiny of the cryptocurrency industry, the U.S. Federal Reserve released a new statement on Thursday reminding banks of the risks inherent in dealing in cryptocurrency and r...
Huobi and KuCoin serve customers of sanctioned Russian banks: Politco
Ad Crypto exchanges Huobi and KuCoin continue to provide services to users of sanctioned Russian banks, according to a report from Politico on Feb. 24. The news publication cited a report from Inca Di...
U.S Fed Issues Warnings to Banks Over Dangers of Crypto Association
38 seconds ago | 2 mins read Bitcoin News The Fed has warned about the stress and panic that can occur in the crypto market. The statement warned that banks face greater risks of running dry of cash. ...
US Banking Regulators Warn Banks About Crypto Liquidity Risks
“Such deposits can be susceptible to large and rapid inflows as well as outflows, when end customers react to crypto-asset-sector-related market events, media reports, and uncertainty,” the regulators...
US Federal Reserve denies Custodia Bank’s request for Fed supervision
The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the Federal Reserve System, while a district court has allowed...
Federal Reserve warns banks about crypto – Here is what to know – Cryptopolitan
The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have issued a statemen...
US Fed Issues Warning to Banks on Crypto Liquidity Risks
Cryptocurrency regulatory scrutiny from United States financial authorities has increased recently, fueled by the Terra Luna UST and FTX collapse last year. With the motive of widening the use of the ...
Bitcoin Attracting Banks: Study Shows Over 130 US Banks Are Exploring Crypto
In response to growing consumer demand for bitcoin and other cryptocurrency-related services, an increasing number of banks in the United States under the umbrella of the Federal Deposit Insurance Cor...
Banks Are Still Allowed to Service the Crypto Industry, Clarifies Federal Reserve
America’s 3 federal bank regulators had a clarifying message for banking organizations on Thursday: servicing the crypto industry is neither illegal nor discouraged. That said, the institutions – inc...
The Fed, FDIC, and OCC Warn Banks of Crypto Risks
US banking regulators have issued a new warning to banks to monitor for potential liquidity risks from clients involved in crypto. The Federal Reserve, Federal Deposit Insurance Corporation, and the O...
US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves
Ad U.S. regulators issued a joint statement to banks on Feb. 23 warning of liquidity risks stemming from cryptocurrency-related clients and their deposits, Reuters reported. The letter was issued by t...
BIS head describes ideal ‘unified ledger’ for central banks and other financial users
General manager of the Bank for International Settlements Agustín Carstens spoke at the Singapore FinTech Festival on Feb. 22 and described the digital financial infrastructure he believes would best ...
There are now more than 130 U.S. banks actively involved in crypto
A significant number of United States banks under the Federal Deposit Insurance Corporation (FDIC) are increasingly exploring the crypto space seeking to offer different services amid consumer demand....
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
Wells Fargo boosts digital connection with rich clients
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...
Banks Torched After Pound Taps New Low Versus the US Dollar – Economics Bitcoin News
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongo...
Central Banks Want New Money: CBDCs Won’t Help
Ukraine isn’t a cold war. CBDCs aren’t gold. Let’s take a look at reality. Right now, and we mean right now, central banks are looking for a way to wash 40+ years of bad money out of the system, and p...
HSBC reports Q4, full year 2022 earnings
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images HSBC on Tuesday reported fourth-quarter ...
‘Outer Banks’ Renewed For Season 4 Before Season 3 Airs
Outer Banks Netflix Netflix has developed a reputation for not just cancelling a large number of shows, leaving them hanging on cliffhangers, but even the shows it does renew, it makes them sweat it o...
Caitlin Long of Custodia Bank says crypto won’t be “uninvented” and will steadily replace banks in remittance
Caitlin Long, the founder and CEO of Custodia Bank, in a Twitter thread on Feb. 17, revealed that she handed over evidence to law enforcement agencies in the United States of probable crimes committed...
Banks cut crypto ties amid regulatory scrutiny
U.S. lenders are distancing themselves from crypto companies in the wake of increased scrutiny of the industry by regulatory agencies in the country. These measures could force more crypto businesses ...
ECB Advises Banks Comply With Conservative Cap on Bitcoin Exposure
The European Central Bank (ECB) expects EU banks to introduce limits on their crypto holdings even before the Basel Committee on Banking Supervision’s (BCBS) global standards come into force in 2025. ...