Search

Nalezeno "Banks ": 3171

EU Banks Could Access Stablecoins More Easily Under Leaked Plans

23.5.2023
The European Commission's plans could moderate a push from Parliament to discourage crypto holdings as it debates new capital requirements for banks

JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

23.5.2023
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”...

EU Spokesperson: Russian Banks Will Not Be Reconnected to SWIFT Anytime Soon

23.5.2023
The European Union (EU) has no intention of allowing Russian banks to be reconnected to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system anytime soon. Peter Stano, spokesperson for external affairs of the EU, stated that these restrictions can only be lifted...

New Book Reveals Central Banks’ Role in Libor and Euribor Rate-Rigging Scandals

22.5.2023
According to an extract from a book called “Rigged,” central banks and global policymakers helped coordinate the rate-rigging scandals Libor and Euribor on a large scale. Written by Andy Verity, the book exposes how various central banks and politicians exerted pressure on banks during the Great...

Bitcoin volatility drops amid decline in liquidity, but a possible catalyst is approaching

22.5.2023
Bitcoin volatility has dropped as new liquidity is not flowing into the market, but on-chain data presents multiple reasons why BTC investors continue to hold

Gold Prices Poised to Skyrocket as Expert Predicts Fourfold Increase in Demand

22.5.2023
Although gold has been trading below the $2K range since May 16, 2023, Rick Rule, the founder of Rule Investment Media, is confident that the struggling U.S. economy will cause demand for precious metals like gold to skyrocket. In an interview published on May 18, Rule emphasized that...

Banks Will Likely Consolidate Further Into Bigger Giants: Fed's Yellen

22.5.2023
US Treasury Secretary Janet Yellen has weighed in as more banks close shop amid the ongoing banking crisis. The severe winter that hit the banking industry has sent many banks packing while those still standing battle liquidation issues and crashing stock prices. During a discussion with finance...

Crypto Biz: Tether flees from banks, Ledger’s backdoor for seed phrases and more

20.5.2023
This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service

Bank of Russia Expects Significant Growth in Digital Assets Market

20.5.2023
The Central Bank of Russia predicts an increase in the issuance of digital assets, citing some of their advantages. The monetary authority has published a report presenting the progress made by the growing industry and assessing the prospects for its further development. Russia’s Central Bank...

Study: 40% of Surveyed African Banks See Fintech and Telcos as ‘High Threats’

20.5.2023
About 40% of 153 African banks surveyed by the latest African Banker annual report said they regard “fintechs and telcos as high threats,” while 69% see artificial intelligence as the “most important technology shaping the industry in the near future.” According to...

Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits

19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...

Ripple Starts Platform for Central Banks to Issue Their CBDCs

18.5.2023
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot

There's a growing case for allowing crypto firms to bypass banks

18.5.2023
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash

FDIC Chair Criticizes Signature Bank's Lack of Understanding on Crypto Risks

16.5.2023
Amid crashing stock prices, the Federal Deposit Insurance Corporation (FDIC) points fingers at crypto and poor management for Signature Bank’s demise. Remarking at a US House of Reps hearing, FDIC chair, Martin Gruenberg, attributed Signature’s failure to ignorance of the risks associated with...

Signature Bank failed to understand risks associated with crypto: FDIC chair

16.5.2023
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s failure.”

Tether boasts of its financial stability after strong profits, money moved out of banks

15.5.2023
Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism

Musk on ‘Massive Incentive’ to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases, and More — Week in Review

14.5.2023
Twitter CEO Elon Musk has shared what he calls a “massive incentive” to get money out of bank accounts, noting “bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big to fail.’” Personal finance coach and author Dave Ramsey, for his part, thinks...