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Western Banks Face Major Asset Seizure in Russia Amid Gazprom Subsidiary Dispute
19.5.2024
In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million...
Commerzbank Receives Crypto Custody License From German Regulators
15.11.2023
Source: Commerzbank Leading German bank Commerzbank has received a crypto custody license from government regulators. Making the announcement in a press release, Commerzbank stated that the crypto custody license now makes it the first full-service German bank to be approved for this particular...
German Banking Giant Commerzbank Granted Crypto Custody License
15.11.2023
Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. Commerzbank believes the breakthrough positions the bank at the forefront of the burgeoning crypto market in Germany. The firm discloses that...
Germany's Commerzbank Wins Crypto Custody License
15.11.2023
It's the first German full-service bank to be granted the custody license, according to a statement
Commerzbank granted crypto custody license in Germany
15.11.2023
The German bank Commerzbank is the first full-service bank in the country to receive a crypto custody license from local regulators
Financial decision-making: Using smart-analytics
15.11.2023
Smart analytics are not just a tool. They can be a game changer in making more frequent and accurate financial decisions
First Mover Americas: Bitcoin Tops $42.5K, Commerzbank Revives Hopes of Mainstream Crypto Adoption
21.4.2022
The latest moves in crypto markets in context for April 21, 2022
Banking Giants Goldman Sachs and Commerzbank Take New Steps Towards Crypto
21.4.2022
The American investment bank Goldman Sachs is taking another step toward the crypto industry with a private meeting between its CEO and crypto exchange FTX’s founder & CEO Sam Bankman-Fried. Meanwhile, German bank Commerzbank also appears to be strengthening its crypto offering after it applied...
Germany's Commerzbank Applies for Local Crypto Licence: Report
21.4.2022
If the license application is accepted, the bank would be authorized to offer exchange and crypto-asset services
German banking giant Commerzbank applies for crypto license
21.4.2022
A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany
Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices
26.1.2022
Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold...
Deutsche Börse and Commerzbank invest in new digital asset venture
29.4.2021
Deutsche Boerse invests $12 million in new holding company 360X to develop blockchain-based digital marketplaces featuring NFTs
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
4.3.2021
Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn...
300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING
15.11.2020
A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly...
Banks Are Cutting 75,700 Jobs Worldwide
4.12.2019
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...
Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions
3.12.2019
Three major banks carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform
Deutsche Boerse, Commerzbank Settle Tokenized Securities Using DLT
23.10.2019
Deutsche Boerse, Commerzbank and MEAG complete a post-trade securities transaction using blockchain technology
Alfa Bank, Commerzbank, Vesuvius GmbH along With NLMK Initiates Cross Border Payments via R3 Network
12.10.2019
Alfa-Bank, Commerzbank, Vesuvius GmbH along with Novolipetsk Steel Company (NLMK) are piloting a cross border payment project on R3’s Marco Polo network. As a member of R3’s Marco Polo’s global blockchain network, the transaction will be first-ever cross border import-export operation via this...
Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo
12.10.2019
Alpha-Bank and Commerzbank launch a pilot project of Russia-Germany payments via Marco Polo Network
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...