County Banks Financial News

24.10 / 15:13

business Blockchain Santander bank trials blockchain platform for used cars in Brazil

Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration.

20.10 / 13:29

business Adoption cryptocurrency trading Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership

The $9 billion-valuated German fintech N26 launched crypto trading on its mobile app. Starting from Austria and rolling out to other countries in the upcoming months, N26 Crypto will let its customers buy and sell 200 cryptocurrencies, including Bitcoin (BTC) and Ether (ETH).

18.09 / 22:03

Target Reserve week Economy Week Ahead: Federal Reserve and Other Central Banks in Focus

Monday

02.09 / 09:41

COST FIVE Cooper Fitch Warning Turkey's skyrocketing inflation is flashing warning signals for Gulf banks

DUBAI, United Arab Emirates — Banks with exposure to Turkey have faced losses ever since the country's currency began steeply depreciating in 2018; now, lenders in several oil-rich Gulf states in particular are set to take a hit in the next year because of their links to the country, according to a recent report by ratings agency Fitch.

22.08 / 11:07

Chinese Banks Cut Rates to Spur Economic Growth

SINGAPORE—Banks in China cut benchmark interest rates on loans to households and businesses, a small attempt to help revive growth in an economy struggling with a property bust and Beijing’s zero-tolerance to Covid-19.

20.08 / 01:43

Stablecoin Dollar Backed United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms.

19.08 / 23:47

regulation Insurance FTX US among 5 companies to receive cease and desist letters from FDIC

The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies.

26.07 / 05:03

business Blockchain Banks Moelis Moelis & Co. co-founder to head group advising blockchain companies

New York-based investment banking giant Moelis & Co. has launched a Global Blockchain Group that will provide advisory services to blockchain and crypto firms.

22.07 / 13:17

business regulation credit cards Buying crypto with credit card is now indirectly banned in Taiwan

Taiwan’s Financial Supervisory Commission (FSC), a chief financial regulator, issued a note to the banking industry, indicating that they should not grant the virtual assets providers (VASPs) the status of merchant in operations with credit card holders. That means a de-facto ban on buying crypto with a credit card on the island.

19.07 / 03:15

regulation Trading Bitcoin Premium South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders

A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice.

18.07 / 18:25

business Government Stablecoin Bitcoin Backed ‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank.

15.07 / 23:19

regulation Banks Federal Reserve Future NOT 56% of banks say DLT and crypto are 'not a priority' in near future — Fed survey

A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.

13.07 / 02:49

Adoption regulation Banks US Treasury study finds CBDCs a plus for commercial bank stability

The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research.

04.07 / 12:35

business Adoption Bitcoin Financial Peter Schiff's bank closure strengthens Bitcoin case for financial freedom

Prominent economist Peter Schiff, who is well-known in the community for his anti-crypto sentiments, had his bank shut down by Puerto Rico regulators. The revelation, however, led to Crypto Twitter pointing out the “irony” as Schiff’s prediction for Bitcoin (BTC) came true for his own traditional bank.

02.07 / 08:39

cryptocurrency regulation Bitcoin Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn

Japan is set to allow trust banks to manage cryptoassets – after a top financial regulator announced plans to roll out legislation that could become legally binding later this year.

21.06 / 13:01

Citi Rail strike chaos empties London as bank bosses urge WFH

London’s financial districts are set to become ghost towns again this week, as the biggest rail strike in 30 years prompts some firms to tell staff to remain home.

12.06 / 22:31

Citi FIVE week Economy Week Ahead: Fed, Other Central Banks in Focus

The Federal Reserve’s policy meeting highlights this week’s slate of economic news.

07.06 / 07:47

Cardano cryptocurrency price today avalanche Bitcoin Top cryptocurrency prices today: Solana, Cardano, Bitcoin and Avalanche gain up to 7%

Barring stablecoins, the majority of the tokens were trading with gains. Avalanche and Solana zoomed 7 per cent each, whereas Cardano gained 5 per cent. Bitcoin, Ethereum and Polkadot gained 4 per cent each. The global cryptocurrency market cap was trading quite higher at the $1.27 trillion mark, rising more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 18 per cent to $51.28 billion.

18.05 / 00:33

UPS FIVE CFTC regulation committee Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee

United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role.

24.04 / 08:29

Government Blockchain Technology Adoption Here is why Germany is ranked the most crypto-friendly country

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

05.04 / 17:23

UPS Citi JPMorgan Citi, JPMorgan snap up Europe activism experts to brace for shareholder ‘Trojan Horse’

Banks in the City are bolstering their expertise advising companies on the threat of activist investors, predicting that a surge in campaigning in the UK and Europe will lead to a new wave of mergers and acquisitions.

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