Banking Financial News

08.06 / 06:03

business regulation Banks banking Australian Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.

07.06 / 18:39

Blockchain banking Future Will crypto remittances be the future of global money transfers?

In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated the market, the rise of cryptocurrencies has introduced a disruptive force that is challenging the status quo. As cryptocurrencies gain momentum, the question arises: Will crypto remittances shape the future of global money transfers?

03.06 / 05:21

business Stablecoin Banks banking Backed MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Megabank Mitsubishi UFJ Financial Group (MUFG) has announced that its stablecoin issuance platform “Progmat Coin” will soon be used by Japanese banks to launch Yen-pegged stablecoins on several public blockchains.

01.06 / 02:11

business Banks banking Investment bank TD Cowen shuts crypto unit a year after opening

Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why.

30.05 / 18:55

business Binance Investments Bloomberg banking Binance considers allowing traders to secure collateral at banks: Report

Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg.

30.05 / 16:23

Binance SEC Bloomberg exchanges banking Binance in Talks To Let Traders Keep Collateral at a Bank: Bloomberg

Binance, the world’s largest crypto exchange, is in the midst of discussing a proposal to let some of its institutional clients keep their trading collateral at a bank, instead of with the crypto platform, according to Bloomberg News.

30.05 / 12:27

business Binance Banks banking Buying a bank won’t solve crypto’s debanking issue: Binance CEO

Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.

29.05 / 06:39

Adoption Predictions banking Bitcoin Bitcoin Price Debt ceiling, bank crisis set for ‘powder keg’ explosion: BitMEX co-founder

Former Bitmex CEO Arthur Hayes is expecting to see significant Bitcoin volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and soaring national debt.

28.05 / 13:05

Adoption regulation security Banks Central Bank AML banking Institutions seek detailed blockchain analytics for crypto adoption — Elliptic

As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.

19.05 / 01:39

business Payments exchanges banking Binance Australia partner hints at rising ‘scams’ after debanking exchange

The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18.

18.05 / 21:07

business Venture Capital banking Digital Asset Singaporean family office to set up digital bank in Bahrain

The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base.

12.05 / 01:51

business Banks banking Job Silvergate begins NYSE delisting process as it readies to cut 230 staff

The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230 staff will be let go, Silvergate Capital has disclosed.

11.05 / 23:33

regulation SEC banking Digital Asset us house committee Financial US House financial committee tells SEC they don’t like custody proposal

The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and Exchange Commission (SEC) Secretary Vanessa Countryman voicing their concerns over the agency’s proposed advisory clients custody rule. They join a string of crypto industry figures in expressing their objections.

09.05 / 04:25

business Banks banking Concern over banking crisis reaches levels unseen since 2008 — Poll

Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles to contain the collapse of several high-profile financial institutions in recent months.

05.05 / 17:39

business banking Oil and Gas Bitcoin PacWest Bank plummets 50%! How will Bitcoin react?

Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.

04.05 / 14:23

Technology Adoption Investments Banks banking Machine Learning 7 potential use cases of chatbots in banking

Chatbots are computer programs that use artificial intelligence (AI) to simulate conversations with users, providing quick and efficient assistance. In the banking industry, chatbots have the potential to revolutionize the way customers interact with their financial institutions.

30.04 / 06:23

regulation Bloomberg Federal Reserve banking Silvergate NOT First Republic’s crisis is not an isolated incident - suggests JPMorgan exec

An exec at JPMorgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Bank (FHLB) emergency lending programs expire – warning that the possible collapse of First Republic Bank may cause a domino effect.

30.04 / 02:19

Law regulation lending Circle Banks banking FDIC alleges Cross River engaged in 'unsafe' lending practices

The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coinbase – to "self-correct" and appropriately address weaknesses in its lending activities.

28.04 / 21:47

regulation Banks Federal Reserve banking Silvergate Bankruptcy NYDFS Fed, NYDFS assess their supervisory performance after March’s big bank failures

Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of the handling of Silicon Valley Bank (SVB).

27.04 / 18:19

business regulation banking NOT Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts.

27.04 / 05:49

regulation Banks Central Bank banking Silicon Valley Silvergate regulatory Cameron Winklevoss claims regulatory double standards over banking crisis

Cameron Winklevoss, the co-founder, and CEO of New York-headquartered crypto exchange Gemini, has accused U.S. regulators of perpetrating double standards in handling the First Republic Bank crisis.

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