Banking Financial News

16.08 / 01:03

business banking Silvergate CEO to depart amid ongoing liquidation and investor suits

Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank.

15.08 / 03:13

business Adoption regulation Banks banking Crypto highlighted as 'novel and complex' risk to US banks: FDIC report

Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator.

10.08 / 13:59

business Ripple Payments banking Cross-border Ripple joins BIS cross-border payments task force

The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple.

10.08 / 12:17

business Blockchain Banks banking Bitcoin Holdings Crypto Holdings US bank reveals $170M in crypto holdings: Q2 earnings report

San Fransico-based Sofi Bank revealed it holds $170 million in crypto on its balance sheet in the Q2 earning report. The United States bank that serves over 6 million customers has seen a significant increase in its crypto holdings compared to the last quarter.

31.07 / 05:29

business regulation Banks banking Australia's Bendigo Bank blocks high-risk payments to crypto exchanges

Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to protect customers from investment scams.

29.07 / 16:01

business Banks banking Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens

The ongoing crisis surrounding the U.S. banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commissioner, with the Federal Deposit Insurance Corporation (FDIC) taking control.

29.07 / 07:51

regulation Gemini banking Winklevoss Twins US banking advocacy group supports Sen. Warren’s reintroduced crypto bill

United States banking advocacy group, the Bank Policy Institute (BPI), has backed the legislation of Senator Elizabeth Warren, a vocal crypto critic, which calls for more transparency in digital assets to combat financial crime.

26.07 / 14:35

CBDC Adoption regulation Banks Central Bank banking Threat Existential threat? Why some banks are anxious about CBDCs

In the current climate, which is pretty hostile for the digital assets industry following the failures of 2022, central bank digital currencies (CBDCs) are often perceived as “crypto killers.”

26.07 / 06:43

business Banks banking Rescue PacWest stock flash crash recovers after rescue merger with Banc of Cali

Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California.

21.07 / 17:19

defi Decentralization banking FinTech Future Hybrid future: Unleashing the potential of DeFi and neobanking convergence

As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance.

21.07 / 06:09

business regulation banking UK government Customers UK banks risk losing licenses for debanking customers over political views

The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views.

20.07 / 06:47

Blockchain Stablecoin Adoption Asia Banks Central Bank banking Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.

19.07 / 14:41

CBDC Adoption regulation Banks Central Bank banking Ruble Russian CBDC by 2025? What’s happening with the digital ruble

The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in 2022, which has now passed through its final reading in the parliament’s lower chamber, the Duma.

16.07 / 09:37

business Blockchain NFT Web3 Tokens Real Estate banking Power Asset Tokenization A new age in investing: The transformative power of asset tokenization

Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach.

04.07 / 13:23

CBDC Adoption Europe JPMorgan European Union banking Crypto Will Benefit from Bank-Issued Stablecoins, aka Deposit Tokens, Says DAAA’s Bernard Blaha

In an interview with Cryptonews, Bernhard Blaha, co-founder of the Austrian Digital Asset Association (DAAA) and CEO of decentrally governed organization (DGO) The People's SCE, discussed the new type of digital coin: deposit tokens.

30.06 / 05:43

business Banks Federal Reserve Central Bank banking Reserve Weekly Federal Reserve's banking bailouts reach a new weekly high of $103B

The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago.

29.06 / 10:57

business Binance Europe banking Support Binance to lose support of its euro banking partner

The cryptocurrency exchange Binance informed users that its current euro banking partner, Paysafe Payment Solutions, will not continue supporting the exchange.

29.06 / 06:17

business Banks Federal Reserve Central Bank banking Major US banks get passing grade in ‘severe recession’ stress test

The American central bank has determined that all 23 of the country’s largest banks would be able to survive a severe recession following its “stress tests.”

21.06 / 03:39

business Adoption HSBC virtual reality banking Nifty News: Queen, HSBC filings hint at NFTs, Yuga teases robot game and more

British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.

20.06 / 13:01

Blockchain Adoption Banks Central Bank banking bonds European Investment Bank taps blockchain for Climate Awareness Bond

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure.

09.06 / 16:33

business regulation Banks Federal Reserve banking US court US court rejects Fed's motion to dismiss Custodia Bank case

Custodia Bank won a step forward in its legal battle against the Federal Reserve, as a Wyoming federal judge denied dismissal motions from both the Fed and the Federal Reserve Bank of Kansas City.

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