BNI Financial News

06.06 / 23:47

Blockchain UPS Citi Platform BNI Swift steps up blockchain experimentation

The fresh initiative follows a proof-of-concept conducted with Chainlink last year on the development of a Cross-Chain Interoperability Protocol (CCIP) that would connect Swift to multiple blockchain networks. Tom Zschach chief innovation officer, Swift, says there’s unlikely to be a single prevailing blockchain network.

23.05 / 10:13

LinkedIn BNI Rathbones’ chief client officer Anne-Marie McConnon dies

Anne-Marie McConnon, who was appointed as Rathbones' first chief client officer earlier this year, has died unexpectedly.

16.05 / 08:19

Manufacturing Chevron BNI BNY exits Warren Buffett exits BNY Mellon amid new Capital One position

Warren Buffett’s company spent the first quarter opening a new position in Capital One Financial and adding to its already large holdings of Bank of America and Apple.

11.04 / 21:13

Citi Provident Digital Platform BNI Wyoming defends crypto-friendly bank charter regime in Custodia Bank's lawsuit with Fed

The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework allowing certain crypto firms to qualify as state-chartered banks.

05.04 / 23:05

BNI BNY BNY Mellon’s Hanneke Smits: Things need to get ‘way worse’ before another LDI crisis

When Hanneke Smits became BNY Mellon Investment Management's chief executive in October 2020, the world was still in the grip of the Covid pandemic.

29.03 / 23:09

Citi BNI BNY BNY Mellon’s Hanneke Smits: ‘It’s much harder to attract global talent to the UK’

The boss of BNY Mellon Investment Management has warned that the City is at risk of losing its edge as a financial services hub, claiming Brexit has made it more challenging to entice internationally-based professionals to London.

26.03 / 18:03

Provident Digital NASDAQ BNI Bitcoin services Nasdaq to Launch Digital Asset Custody Services

The global securities marketplace known as Nasdaq is planning to join the cryptocurrency business by the end of the second quarter of 2022 when it will provide its custody services for digital assets. Ira Auerbach, Senior Vice President of the exchange operator, is in charge of the digital assets division, which has submitted an application to the New York Department of Financial Services for a limited-purpose trust company charter. This charter would allow the department to monitor the new business.

25.03 / 18:37

UPS Digital NASDAQ BlackRock BNI Bitcoin end Nasdaq looking to launch crypto custody by the end of Q2

New York’s Nasdaq Stock Exchange is planning to launch a crypto custody service by the end of the second quarter, Bloomberg reported on 24 March.

24.03 / 23:05

Digital NASDAQ Platform BNI Nasdaq Readies To Launch Crypto Custody

Nasdaq Inc. (NDAQ) is getting close to launching its crypto custody business in the second quarter of the year, Bloomberg reported Friday.

20.03 / 20:45

Provident VISA coinbase BNI SVB Circle Partners with Cross River Bank for USDC Production and Redemption

Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC), its flagship stablecoin pegged to the US dollar. Cross River Bank is a recognized leader in providing banking services to fintech and crypto firms, including Visa and Coinbase. In addition to Cross River Bank, Circle has also expanded relationships with other banking partners to assist with USDC redemption, including Bank of New York Mellon (BNY Mellon), which already provides custody services for Circle's reserves.

17.03 / 09:57

UPS BNI Circle clears “substantially all” USDC minting and redemption requests

Circle Internet Financial seems to have successfully navigated the challenges posed by the chaos in the banking system. The stablecoin giant was caught in the turmoil induced by the liquidation of Silvergate Bank. This eventually led to the seizure of Silicon Valley Bank and the subsequent shutting down of Signature Bank.

16.03 / 10:55

Blockchain Action BNI Can Circle [USDC] turn things around with new plan? All you need to know

Circle faced its toughest week so far this year after USD Coin [USDC] lost its dollar peg. It has since recovered, but the stablecoin issuer just released a new update regarding its USDC operations.

13.03 / 16:27

BNI SVB reserves Circle Reserves worth $3.3B at SVB to be ‘fully available’ soon

Popular stablecoin issuer Circle has announced that the $3.3 billion in USD Coin (USDC) reserve deposits held with Silicon Valley Bank will be fully recovered when banks reopen in the United States on Monday.

13.03 / 15:11

Lowe's Tether Coindesk BNI SVB Stablecoin USDC nearly regains $1 peg after Circle says $3.3 billion held with SVB will be available

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13.03 / 11:39

UPS Lowe's CEO BNI SVB fall Decoding USDC’s current status after an initial fall of 13%

Circle’s stablecoin USD Coin (USDC) was regaining its $1 peg, at press time. This followed after CEO Jeremy Allaire confirmed that its reserves were secure and that the company had new banking partners lined up for banking beginning Monday morning.

12.03 / 14:41

Provident SUN CEO USDT BNI SVB Decoding the latest USDC update- Are USDT and DAI safer bets

Over the last few days, there has been a lot of FUD surrounding Circle after the firm was impacted by the bank run on Silicon Valley Bank (SVB).

12.03 / 00:41

Action Assurant Pool BNI SVB Circle will cover funds shortfall caused by Silicon Valley Bank collapse

Circle – the company issuing leading stablecoin, USDC – has issued another statement on the state of its cash reserves stuck with Silicon Valley Bank (SVB). The USDC issuer stated that there was a possibility of the firm not gaining back 100% of the funds. Moreover, it could take time for the company to get them back. And, this is because the “FDIC issues IOUs (ie.e., receivership certificates) and advanced dividends to deposit holders.”

17.02 / 03:25

UPS Platform BNI TradFi Fireblocks trials crypto tech to help tradfi firms avoid another FTX

Crypto technology firm Fireblocks is gearing up to launch a new platform to help traditional finance firms guard against collapses like FTX's.

13.02 / 10:27

BNI Executive Time Hanneke Smits: ‘In 20 years’ time, I hope a female executive team isn’t newsworthy’

BNY Mellon funds boss Hanneke Smits can now add chair of diversity campaigners the 30% Club to her impressive CV.

07.02 / 11:03

BNI BNY BNY Mellon funds boss Hanneke Smits named 30% Club chair

BNY Mellon funds boss Hanneke Smits will be the next global chair of boardroom diversity campaigners the 30% Club.

02.02 / 22:13

Blockchain Provident Digital BNI BNY BNY Mellon names custody boss Caroline Butler as new crypto chief

BNY Mellon has named former custody services chief Caroline Butler as its new head of digital assets.

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