Community banks like CVB Financial thrive, while trillion-dollar giants like Wells Fargo slide. Higher interest rates provided a healthy boost to banks’ balance sheets in 2022, but it wasn’t always an...
Tag: Banks
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks – Finance Bitcoin News
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative develop...
ECB Tells EU Banks to Adopt New Risk Policy for Crypto
The European Central Bank has told EU banks with crypto exposure to hold capital reserves according to crypto’s risk rating before crypto-related bills become law. Banks Must Adhere to Draft Standards...
DeFi Adoption Rises Amongst the Traditional Banks
Traditional banks and DeFi were once considered arch-rivals. But are banks considering entering the DeFi space now? As decentralized finance (DeFi) rises in popularity, experts like Mark Cuban believe...
EU Banks Told by Regulator to Apply Bitcoin Caps Even Before They Become Law
“The BCBS standard is not yet legally binding pending its transposition in the European Union,” said a newsletter from the ECB, which is responsible for directly supervising the largest banks in the c...
Invest in Real Estate NFTs With No Hidden Fees, No Banks, and No Paperwork – Check Out Metropoly Beta
Join Our Telegram channel to stay up to date on breaking news coverage Real estate investment has always been a lucrative business for those with deep pockets. However, the traditional way of investin...
Banks limit deals with crypto firms amid rising regulation
As per an S&P report, banks have started limiting their interactions with crypto firms. However, firms like Coinbase will continue operations as normal. Banks in the traditional finance sector ar...
CBDC and Central Banks Insight
The world in 2023 begins with several macroeconomic themes that we believe will play a role in reshaping the focus of some CBDC projects. Let us examine some of the major thematic reasons for a CBDC t...
EU regulator tells banks to impose Bitcoin limits before they become law
Although the global regulatory framework set out by the Basel Committee on Banking Supervision (BCBS) will not become legally binding before 2025, the European Central Bank (ECB) expects banks in the ...
Goldman Sachs scraps idea for direct-to-consumer credit card
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, CNBC ...
Banks Holding Cryptocurrencies Face Strict New Regulations in European Parliament
A report on a draft measure that would require banks that hold cryptocurrencies to put aside a significant amount of capital in an attempt to mitigate possible risk has been published by the European ...
Susquehanna Advisors Group buys 7.5% stake in Silvergate, following Citadel Securities
Susquehanna Advisors Group reported a 7.5% stake in crypto-friendly bank Silvergate Capital. The Pennsylvania-based finance firm bought over 2.36 million shares in Silvegrate, a filing showed. S...
Goldman Sachs CEO David Solomon on soft landing odds for U.S. economy
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon said Tuesday that th...
Gold’s market value now 6x higher than world’s 10 largest banks
For centuries, gold has been regarded as a status symbol, alongside acting as an important financial product that has retained significant valuation. Notably, despite gold also being impacted by econo...
Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure
The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large amount of capital in an effort to address potential risk. In a Feb. 9 noti...
Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor
A closer shot of Ukraine President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of J.P. Morgan. Coutesy: JP Morgan Summit Ukraine’s government signed an agre...
EU banks face strict crypto rules in new published legal draft
While more specific guidelines are being worked out, new restrictive rules for European Union banks have been confirmed in a publish legal draft. EU banks would be required to apply the highest possib...
These 2 banks are now offering $2,000 cash when you sign up for their checking accounts. Should you bite?
Moving your money into the right checking account can earn an APY that’s 15x the industry average. Getty Images/iStockphoto Flashy bank account sign-up bonuses are becoming harder to ignore. Citi and ...
Berkshire Hathaway’s 4Q Equity Buys and Sales to Be Disclosed in Filing Tuesday
What were Warren Buffett and his colleagues at Berkshire Hathaway up to with their $350 billion equity portfolio last quarter? Investors will find out very soon. A regulatory filing expected Tuesday s...
Gazprombank suggests banks be given more time to adjust to digital
Gazprombank, which is an unit of the main Russian government-owned gas business, Gazprom, has openly recommended that banks be given extra time before the implementation of the digital currency. Becau...
A group of nine banks has invested $45 million in Carbonplace
According to a news statement that was issued on February 8th, the blockchain-based carbon credit transaction network Carbonplace was successful in raising $45 million in an investment round from its ...
Fed Board Prohibits Member Banks from Holding Cryptoassets as Principal
A new US Federal Reserve rule has further cemented the central bank’s wariness about cryptoasset activities. A statement issued by the board of governors of the Federal Reserve System on Tuesday clari...
The U.S. Government Wants to Cut Off Crypto’s Access to Banks: Nic Carter
Key Takeaways Bitcoin advocate Nic Carter believes the U.S. government is trying to cut off crypto from the banking sector. Carter claimed the Biden administration was reviving the Obama-era Operation...
Wall Street’s frozen market is thawing after stock rally
Traders work on the floor of the New York Stock Exchange on Wall Street in New York City. Angela Weiss | Afp | Getty Images Wall Street just pulled off its biggest IPO in four months, giving bankers h...
FED may prohibit state banks from holding cryptos as principal
The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on ...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...