8 / 14 Relevant items tagged with #Banks

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Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout

[May 1, 2023 11:17 AM]

Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar

[May 1, 2023 10:19 AM] Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows.

JPMorgan to acquire troubled First Republic Bank

[May 1, 2023 2:05 AM] Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.

FDIC pins Signature Bank's failure on poor governance and illiquidity

[Apr 29, 2023 9:22 PM] FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

[Apr 29, 2023 2:00 AM] A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…

Fed, NYDFS assess their supervisory performance after March’s big bank failures

[Apr 28, 2023 3:39 PM] Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

Systemic Swiss Banks Not Ready for Crisis, Regulator Says

[Apr 28, 2023 6:00 AM] Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s�

Hong Kong regulator requires banks to open accounts for crypto firms

[Apr 28, 2023 3:46 AM] Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license.

Why This Top Financial Expert Is Saying ‘Buy Bitcoin’ Amid Looming Bank Failures

[Apr 28, 2023 12:47 AM] The traditional banking system is facing major challenges, and according to top financial expert Bernstein, Bitcoin (BTC) could be a savior. Bernstein analysts foresee Bitcoin’s long-awaited mainstream adoption could be potentially triggered…

Banks bullish on crypto: Standard Chartered’s Zodia raises $36M

[Apr 27, 2023 5:45 AM] After leading Zodia’s series A funding round, the Japanese financial conglomerate SBI Holdings became its second-largest shareholder.

Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services

[Apr 26, 2023 5:35 AM] All RLB NÖ-Wien clients will be able to invest in a broad number of cryptocurrencies with a budget of as little as one euro.

Bitcoin price jumps in the wake of First Republic Bank price crash

[Apr 25, 2023 10:20 PM] The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.

Foreign trade and pensions: What’s next for Russia’s CBDC project?

[Apr 20, 2023 7:23 AM] The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.

Societe Generale launches euro-pegged stablecoin on Ethereum

[Apr 20, 2023 1:00 AM] The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures.

Ripple-based MoneyTap adopted by three Japanese banks

[Apr 17, 2023 7:56 AM] Japanese banks like Yamaguchi, Momiji and Kitakyushu now support the MoneyTap P2P remittance service based on RippleNet.

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

[Apr 14, 2023 7:30 PM] ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is…

Brooklyn court charges former banker for allegedly defrauding crypto investors

[Apr 12, 2023 2:40 AM] Brooklyn federal court charged a former investment banker for allegedly taking investors’ money under the pretext of making profitable crypto investments.

Wyoming defends crypto-friendly bank charter regime in Custodia Bank's lawsuit with Fed

[Apr 11, 2023 2:37 PM] “The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework," said AG Bridget Hill.

IMF reiterates call for crypto regulation after the ecosystem's 'rough year'

[Apr 11, 2023 11:00 AM] According to the IMF, regulations should include with “strict prudential requirements” for stablecoin issuers following the depegging of USD Coin and Dai.

Shapella could bring institutional investors to Ethereum despite risks

[Apr 11, 2023 7:03 AM] The latest fork on the “roadmap” shores up the network’s new validation mechanism while finally allowing stakers access to their ETH rewards.

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

[Apr 9, 2023 11:30 PM] Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon…

Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services

[Apr 7, 2023 5:30 AM] Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital…

Singapore to introduce uniform screening standards for crypto bank accounts

[Apr 6, 2023 1:51 AM] Potential guidelines reportedly won’t have a binding force over banks, which can rely on their own risk assessment.

Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg

[Apr 6, 2023 12:43 AM] Singapore's central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.

'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head

[Apr 5, 2023 3:48 PM] The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement ‘Operation Choke Point 2.0’.

Swiss state-owned bank Postfinance to offer Bitcoin trading

[Apr 5, 2023 1:40 AM] PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles.

Stablecoin issuer Tether accessed US banking system using Signature: Report

[Apr 4, 2023 3:31 PM] At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform.

Digital Asset Tech Provider Metaco Secures Partnership With Liechtenstein Private Bank

[Apr 4, 2023 2:00 AM] VP Banks follows Citibank, Societe Generale, DekaBank and DZ Bank in selecting Metaco to assist the development of their digital asset services.

TradFi Banks Team Up to Create Digital Bonds Trading Platform on Blockchain

[Apr 3, 2023 10:17 AM] The platform will use Proof of Climate awaReness as a validating protocol to encourage users to minimize their environmental footprint.

UK banks are turning away crypto clients: Report

[Apr 2, 2023 1:56 PM] Challenges for crypto companies range from having applications rejected, accounts frozen, to being overwhelmed with paperwork.