Banks Financial News

23.08 / 02:17

Government Blockchain CBDC Adoption Banks FinTech Australian Australian CBDC could be useful for payments, tokenization, says RBA

Australia's central bank has completed it's pilot of a central bank digital currency (CBDC) exploring use cases for a potential e-AUD, finding its useful in four main areas including enabling complex payments and asset tokenization.

21.08 / 09:27

markets Banks Federal Reserve Bitcoin Bitcoin Price week Most fear since SVB collapse — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week with traders licking their wounds after a 10% snap crash.

17.08 / 13:51

Government Adoption regulation Web3 Banks Hong Kong’s crypto stance: Execs weigh in on Web3 in the region

The Chinese special administrative region of Hong Kong is aiming to become a leading crypto hub, as the region started to promote the development of Web3. At the same time, its securities regulator has begun to actively regulate the crypto space, awarding licenses for retail crypto trading.

17.08 / 13:51

CBDC Adoption regulation Banks Central Bank Holdings Colombia central bank recommends limiting CBDC holdings and spending

The central bank of Colombia has not yet decided whether or not to issue a central bank digital currency (CBDC), but believes that setting limits on CBDC transactions could bring about a number of benefits.

15.08 / 07:45

regulation Banks financial conduct authority NatWest FCA begins investigation into bank's 'politically exposed persons' procedures

FCA examining how banks manage account of public figures, particularly politicians.

15.08 / 07:21

regulation Banks financial conduct authority NatWest reports FCA begins investigation into bank's 'politically exposed persons' procedures - reports

FCA examining how banks manage account of public figures, particularly politicians.

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 / 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.

09.08 / 01:03

business Stablecoin Adoption regulation Banks Federal Reserve US Fed steps up oversight of banks' involvement with crypto firms

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry.

07.08 / 14:52

Banks UK US industry PRA reports capital rules Bank of England faces calls to delay new global banking capital rules - reports

The PRA reportedly indicated privately earlier this year that it would be “open” to aligning with the US if it opted to delay the implementation date.

04.08 / 21:17

markets business Stablecoin coinbase stocks Banks interest rate Coinbase earnings show the company is now much more than just an exchange

Coinbase, a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion.

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.

28.07 / 19:43

business Ethereum Twitter XRP Banks Bitcoin Rescue services elon Financial Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more

Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.

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 / 07:59

Banks UK FCA NatWest FCA responds to NatWest CEO stepping down over Farage row

According to an RNS statement, Alison Rose agreed with 'mutual consent' to step down as chief executive, with immediate effect.

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.

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.

19.07 / 14:21

Europe Banks Survey US Bank of America BofA: European managers remain 'downbeat on growth'

81% of the 262 managers polled in July predicted a further economic slowdown in Europe, up from 70% last month

18.07 / 01:49

business Blockchain Adoption Polygon Banks avalanche swift Cross-Chain TradFi Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.

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