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Citigroup Ready to Go Crypto as Goldman Sachs ‘Wades Deeper into’ Bitcoin
7.5.2021
“A surge in interest from clients” has motivated the financial giant Citigroup to move into the world of crypto – after the bank stated that it was considering the launch of crypto trading, custody and financing services.
Speaking to the Financial Times, Itay Tuchman, Citigroup’s global head...
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
15.4.2021
However energy consumption has not matched the 170X price increase over the same period
Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’
20.3.2021
Citibank’s David Bailin believes that bitcoin will do well because of the level of interest from investors. While stating that the cryptocurrency can be part of a portfolio, the executive sees better investment opportunities than bitcoin in “giant unstoppable trends.” Bitcoin...
Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade
3.3.2021
Citigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.” Bitcoin Is at...
Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs
2.3.2021
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin's rally back to $50,000
Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded by Citigroup
31.1.2021
MSTR stock has surged by roughly 113% since Dec. 8 when it was downgraded by a Citigroup analyst
$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities
28.12.2020
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman...
Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purchases
12.12.2020
Microstrategy Inc. has raised $650 million from the sale of convertible senior notes so that it could buy more bitcoin. In a note to investors on Dec. 11, the business intelligence and mobile software firm said it completed the sale of $650 million in convertible bonds to private investors at 0.75%...
Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases
9.12.2020
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With...
Citigroup Helping World Governments Build Digital Currencies, CEO Says
4.12.2020
Michael Corbat's multinational banking giant has been calling digital currency all but inevitable since 2014
Stripe Partnering With Goldman, Citigroup, Others to Offer Checking Accounts, Services: Report
4.12.2020
Payments processor Stripe is teaming up with banks like Goldman Sachs, Citigroup, and Barclays to provide checking accounts and other banking services, reports the Wall Street Journal. See also: Stripe to Pay $120,000 in PlexCoin ICO Settlement With Massachusetts Attorney General
Stripe will offer bank accounts, with help from Goldman Sachs and Citi
3.12.2020
But only for vendors, so retail users will have to wait
Former HSBC, Citigroup, Merrill Lynch Execs Start $50M Crypto Fund
21.9.2020
Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians
Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance
20.5.2020
The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American...
Largest US Banks Expect Billions in Loan Losses, Profits Plunge
19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...
First Mover: Bitcoin’s Market Cap Eclipses Citigroup’s as Yellen Calls for Big-Bank Dividend Cuts
13.4.2020
Bitcoin's price drop since Friday has pushed it back into the red for 2020, but it's still outperforming big bank stocks
The Multi Trillion-Dollar Stimulus Package: These Are the US Corporations Begging for Bailouts
23.3.2020
The coronavirus outbreak has caused considerable damage to the global economy and this week the U.S. is facing the onslaught of the scare. As Republicans and Democrats battle in congress over a 2020 stimulus plan, corporate industries are leaping at the chance to get a bailout. While the Fed tosses...
Citigroup Raises Investment in Ethereum-Based Trade Finance Startup
22.3.2020
Citi announces additional investment in Komgo, also begins to integrate its trade processing system with platform’s blockchain
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
7.3.2020
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan...
Tokenized US T-Bond Fund Seeks Foothold in $17T Market
26.2.2020
The crypto industry is taking aim at one of Wall Street’s oldest redoubts: investing in the $17 trillion market for U.S. Treasury bonds