Banks Financial News

16.10 / 11:21

Adoption regulation Scams European Union Banks banking Customers Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market.

06.10 / 15:06

regulation Banks banking Digital Asset BIS committee Basel Committee to consider disclosure requirements for banks’ crypto assets

The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March.

05.10 / 22:33

Adoption privacy Analysis Banks data Opinion Central Bank How will CBDCs be used for political oppression in your country?

Central bank digital currencies (CBDCs) have emerged as a prominent topic in the financial world. They promise elevated stability, security, efficiency, and reduced corruption. Central banks, the International Monetary Fund, the World Economic Forum, and the World Bank tell us CBDCs are a panacea waiting to cure all that ails our financial system.

03.10 / 11:53

business Banks Bitcoin Brazil BTG Pactual bank buys Bitcoin-friendly brokerage Orama for $99M

Major Brazilian investment bank BTG Pactual is acquiring cryptocurrency-friendly brokerage Orama DTVM as part of its strategy to expand the bank’s digital platforms.

03.10 / 06:49

business regulation Banks Federal Reserve banking Silvergate Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to inspectors at the Federal Reserve.

02.10 / 22:27

Binance regulation Banks FTX Court FTX Token Class-action suit filed against Binance for alleged harm to FTX before its collapse

A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California alleging various violations of federal and California law on unfair competition for attempting to monopolize the cryptocurrency market by harming its competitor FTX. The suit was brought by Nir Lahav, who is identified only as a California resident.

02.10 / 13:25

Blockchain Banks Assets Asset management money market Swiss bank UBS launches tokenized money market fund on Ethereum

Leading Swiss bank UBS has launched a live pilot of a tokenized version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank.

29.09 / 20:33

markets stocks Banks Federal Reserve inflation Interest rates Bitcoin Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate.

27.09 / 10:27

cryptocurrency JPMorgan Banks UK JP Morgan's UK bank to ban cryptocurrency transactions from next month

A spokesperson for Chase UK told Investment Week, the bank was «committed to helping keep our customers' money safe and secure».

27.09 / 07:39

business Adoption Banks Sixth Swiss Bank Joins SDX Crypto Exchange

Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion (6.6 billion Swiss francs) in assets, has joined the Central Securities Depositary of the crypto exchange SDX.

19.09 / 13:37

Blockchain Adoption Investments Banks Bitcoin Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank

Japan’s largest investment bank, Nomura’s digital asset subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors.

18.09 / 06:45

business Investments Venture Capital Banks SVB Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital.

15.09 / 11:41

Payments PayPal Banks FinTech Bitcoin Financial Crypto payments vs. traditional systems: Navigating the future of financial transactions

In the evolving financial landscape, as cryptocurrency adoption surges in a more favorable market environment, we find ourselves at a critical juncture, pondering the boundary between centralized and decentralized financial ecosystems. Traditional finance (TradFi), fortified by regulatory mechanisms, is locked in a pitched battle with the rapidly growing crypto community, which is championing the principles of decentralization and resistance to censorship. This isn’t just a battle, it’s a time of transition. Both sides understand that the other is not going away any time soon.

14.09 / 12:31

Blockchain Adoption Banks banking Deutsche Bank Bitcoin Taurus services Deutsche Bank taps Taurus for global crypto custody services

The German bank was one of a handful of company’s to invest in a $65 million, series B fundraising round for Taurus in Feb. 2023. The company offers enterprise-grade infrastructure to issue, manage custody and trade cryptocurrencies, tokenized assets, nonfungible tokens (NFTs) and other digital assets.

14.09 / 08:41

business Adoption Banks Second-largest Thai bank creates $100-million AI fund

According to the press release published on Sept. 13, the fund will possess a $100 million investment budget with Krating Poonpol, a Chairman of KBank Business Technology Group, in charge of the enterprise. In Poonpol’s words:

12.09 / 00:09

business Adoption PayPal Banks Lightning Network email Bitcoin Bitcoin will bring global payments out of the ‘fax era' — Ex-PayPal boss

While information today can be easily transferred over the internet via email or text, global payments on the other hand, have remained in a “fax era," according to the former president of PayPal.

07.09 / 23:31

business Law Binance Ripple Liquidity Grayscale Banks Binance CEO brushes off negativity, assures firm has 'no liquidity issues'

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty.

06.09 / 08:49

CBDC Adoption regulation Banks Central Bank lawmaker CBDCs will gradually displace private banks, says Russian lawmaker

Central bank digital currencies (CBDC) and blockchain technology are likely to displace traditional banks, according to a lawmaker in Russia.

30.08 / 14:03

Banks companies Global dividends hit record $568bn in Q2 2023

Half of the world’s dividends in Q2 were contributed by banks.

30.08 / 01:41

business Asia Banks banking Seba Bank services SEBA Bank secures in-principle nod for crypto services in Hong Kong

The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets.

29.08 / 23:17

business Stablecoin regulation Altcoin SEC Tether Banks Tether adds Bahamas-based private bank Britannia as partner: Report

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.

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