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HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
HSBC Closes Account Used to Support Hong Kong Protesters
22.11.2019
For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest...
Banking Giant With 16 Million Clients, RBC, Goes Crypto - Report
12.11.2019
The Royal Bank of Canada (RBC), the Canada-headquartered major global bank, is set to open a cryptocurrency exchange, according to a report from The Logic.
The media outlet claims it has learned that the RBC wants to allow customers to trade in cryptocurrencies such as Bitcoin and Ethereum...
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion
11.10.2019
Chinese banking giant CCB has expanded its trade finance blockchain platform with cross-chain and inter-bank transactions
Banking Giant UBS Goes Live on We.Trade Blockchain for Trade Finance
9.10.2019
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s seeing growing adoption
Banking Giant HSBC Set to Fire 10,000 More Employees
8.10.2019
The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago. Also Read:...
Another Banking Giant Picks Ethereum + 8 More Crypto Briefs
12.9.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain adoption news
Spanish multinational banking giant Santander Group said it has issued the first end-to-end blockchain...
US Banking Giant PNC Starts Using RippleNet for Cross-Border Payments
29.8.2019
America’s eighth-largest bank PNC becomes the country’s first to start processing cross-border payments using the RippleNet
Banking Giant Santander to Bring Ripple-Powered App to Latin America
19.8.2019
After launching its app for international payments, One Pay FX, which uses Ripple’s xCurrent solution, Spanish multinational banking giant Santander Group is expanding this service to other countries.
The company is reportedly working on several things at the moment, which would make international...
Banking Giant Standard Chartered To Expand Digital Capabilities Once 5G Arrives
2.7.2019
Over the past few years, some of the biggest banks in the world have been prompted to strengthen their digital offerings in a big way and perhaps the biggest reason behind it lies in the emergence of Fintech companies. The Fintech companies have come up with a range of products and services that...
Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India
18.6.2019
The world’s 7th biggest bank, HSBC, uses tokenization tech in its account receivable infrastructure for corporate clients in India
Morgan Stanley Predicts Recession Within a Year if Trade War Drags On
3.6.2019
The prolonged trade war between the United States and China has been one of the most damaging diplomatic and economic developments over the past few months. Despite the hope that the issue was going to be resolved, all talks broke down last month and soon enough, the problem escalated...
Leading French Asset Manager Tikehau Sells Stake to Banking Giant Morgan Stanley
20.5.2019
For an asset management company of any stripe, an investment from blue-chip banks to the world of high finance are possibly the most coveted and for French asset management firm Tikehau that was surely the case. The firm had been looking for investment and collaboration with investors from North...
Nordic Banking Giant Nordea Opens Blockchain Trading Platform to More Clients
10.5.2019
Nordea is now allowing small and medium-sized enterprises to use its blockchain platform we.trade