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Nalezeno "banks": 3175

Societe Generale launches euro-pegged stablecoin on Ethereum

20.4.2023
The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

19.4.2023
The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said

Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source

18.4.2023
At least one bank is leaning towards developing it on a permissioned blockchain

BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules

17.4.2023
The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit

Ripple-based MoneyTap adopted by three Japanese banks

17.4.2023
Japanese banks like Yamaguchi, Momiji and Kitakyushu now support the MoneyTap P2P remittance service based on RippleNet

China’s state-affiliated banks are on-boarding crypto companies in Hong Kong

17.4.2023
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms

Blockchain Association files further FOIA requests over banking closures

17.4.2023
The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

16.4.2023
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading...

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

16.4.2023
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers...

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

15.4.2023
Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...

Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

15.4.2023
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 seeking to embrace the industry. ZA Bank to Provide...

Bitcoin Price Outlook for April: BTC Hits $31,000, What Next?

14.4.2023
At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise in bullish sentiment comes as global inflation continues to fall, with many expecting central banks to soon pivot from current policies of monetary tightening. Current Market Status...

C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking

14.4.2023
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more...

World's Most Influential Central Banks' Balance Sheets Look to Have Troughed

14.4.2023
The directional change suggests an end to the quantitative tightening that roiled cryptocurrencies last year

Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate

14.4.2023
Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases...

IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased

13.4.2023
The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas...

Senator Warren and Rep. AOC Investigate Silicon Valley Bank's "White Glove" Treatment of Crypto Firms – Regulation Incoming?

12.4.2023
US Senator and well-known crypto-critic Elizabeth Warren has joined hands with Congresswoman Alexandria Ocasio-Cortez in asking for more details about Silicon Valley Bank’s (SVB) dealings with crypto companies. The two politicians said in letters sent to some of SVB’s largest clients that they...