Banks Financial News

10.06 / 09:05

CBDC Banks HSBC China Rolls Out e-CNY Services for Corporates, Signalling Foreign Banks’ Dive into Digital Yuan

HSBC China is now offering e-CNY services to its corporate clientele. The development marks it as the first foreign bank within the nation to extend services associated with the central bank’s digital currency to both retail and corporate sectors.

24.05 / 23:05

Banks Blockchain technology tokenization U.S. Credit Unions Adopt Tokenization of Real World Assets

Traditional banks may still dominate the financial industry in terms of assets held, but credit unions are becoming an increasingly popular option for Americans who qualify.

25.01 / 11:49

markets Mining HSBC Banks UK companies Oil HSBC regains crown as top UK dividend payer for first time since GFC

Last year, banks overtook any other sector in terms of dividend payments, something that has not happened since before the Global Financial Crisis, Computershare noted.

19.01 / 16:17

HSBC Banks UK companies Barclays Sky News Jeremy Hunt to hold summit with bank CEOs over dwindling valuations - reports

Chancellor of the Exchequer Jeremy Hunt (pictured) will meet with UK banks CEOs on 23 January. | Copyright: HM Treasury

12.01 / 09:01

regulation HSBC Banks Bank of England UK Silicon Valley Bank consultation UK Treasury plans reforms to manage small bank failures after SVB collapse

The consultation comes nearly a year after the collapse of Silicon Valley Bank, when HSBC stepped in to buy the bank’s UK subsidiary for £1 in March.

14.12 / 16:59

Stablecoin regulation Banks BIS Bitcoin committee Basel Banking Committee Proposes Stricter Guidelines to Classify Stablecoin as Less Risky Than Unbacked Cryptocurrencies

The Basel Committee for Banking Supervision (BCBS) wants to tighten rules to classify stablecoins as less risky assets than Bitcoin (BTC) and other unbacked cryptocurrencies.

29.11 / 13:39

Ethereum Banks banking Bitcoin Self Custody Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

Spanish fin-serv giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).

24.11 / 14:32

regulation Europe European Union Banks EBA European regulator: CASPs should work on protocol interoperability, self-hosted wallets

The European Union’s banking regulator, the European Banking Authority (EBA), wants to update existing Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers.

20.11 / 11:47

Ethereum Trading Banks banking Bitcoin Santander offers Bitcoin, ETH trading for Swiss account holders: Report

The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH).

14.11 / 10:33

business Blockchain Funding goldman sachs Venture Capital Banks Goldman Sachs leads $95M funding round for blockchain payment firm Fnality: Report

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group.

10.11 / 18:41

Blockchain Banks banking How this all-in-one app bridges the gap between traditional banking and crypto

The overlap between traditional finance and cryptocurrencies has become more pronounced in the last few years, with some online crypto services offering Visa-backed cards supporting crypto payments. However, the infrastructure gap between traditional banking and crypto is barely narrowing.

10.11 / 15:13

business Blockchain Adoption Banks banking Mainstream JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin

Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform, JPM Coin.

08.11 / 14:19

Ripple regulation Europe HSBC Banks Bitcoin HSBC taps Ripple’s Metaco to launch security token custody

Major global banking company HSBC plans to launch an institutional custody platform for tokenized securities, also known as security tokens.

06.11 / 08:37

Adoption ETF Banks DZ Bank, third-largest German bank, to start crypto custody for institutional investors

DZ Bank AG, the third largest bank in Germany by asset size, has launched its own digital assets custody platform built on blockchain. According to an announcement published on Nov. 2, the platform will work with institutional clients, offering them crypto securities, such as the crypto bond from Siemens, which DZ Bank had subscribed to six months ago.

04.11 / 02:25

business Banks Federal Reserve Central Bank Bank of America Wells Fargo Customers Bug in Fed’s payment system prevents bank customers from getting paid

Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.

02.11 / 10:19

business CBDC regulation Banks Central Bank Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.

02.11 / 09:41

Ethereum Trading Banks partnerships Bitcoin Top Swiss bank launches Bitcoin and Ether trading with SEBA

Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers.

01.11 / 15:07

Blockchain Adoption HSBC Banks Ant HSBC and Ant Group test tokenized deposits under HKMA sandbox

Banking giant the Hong Kong and Shanghai Banking Corporation (HSBC) has tested the use of tokenized deposits — from issuance to transfer to redemption — with major Chinese financial services provider Ant Group, founded by Jack Ma, in a sandbox arranged by the Hong Kong Monetary Authority.

01.11 / 10:21

Banks inflation banking shortlist ‘AI’ takes Collins dictionary word of the year, ‘debanking’ makes shortlist

Artificial intelligence, more specifically its abbreviation “AI,” was crowned word of the year for 2023 in the Collins dictionary, one of the world’s earliest English-language dictionary publishers.

19.10 / 12:40

regulation Banks banking Digital Asset guidance Inspector General wants FDIC to refine crypto risk assessment process, guidance

The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC), the independent United States government body that provides deposit insurance to commercial and savings banks, has published an evaluation report on the corporation’s crypto asset risk strategy. A redacted version of the report has been released to the public.

17.10 / 14:23

business Blockchain regulation Banks banking BIS committee Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks to disclose their crypto exposure.

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