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Swiss banking giant UBS to reportedly offer rich clients crypto investments
10.5.2021
Crypto investment offerings for wealthy clients will be limited to a small fraction of their portfolios due to the volatility of the asset class, sources say
Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies
23.4.2021
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has...
Spanish Banking Giant Prepared For Bitcoin, PayPal's BTC Game + More News
18.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Banking news
Spanish banking giant BBVA said that starting in January 2021, its unit in Switzerland will progressively launch a new service for...
Italian Banking Giant Enters Bitcoin, Mt. Gox Rehabilitation + More News
15.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Banking news
Another banking giant has entered the crypto custody fray, with Italy’s Banca Generali set to offer bitcoin (BTC) custody to...
DBS Makes it Official: Banking Giant Will Launch Crypto Exchange
10.12.2020
The Singaporean banking giant DBS has finally confirmed reports circulating since October that it is set to launch a range of crypto-related operations – including a crypto exchange offering trading in bitcoin (BTC) and major altcoins.
The news come just a matter of weeks after a web page...
Banking Giant Sberbank May Launch Token, Digital Asset Trading Platform
1.12.2020
Source: iStock/-lvinst-
Leading Russian lender Sberbank has hinted that it is on the verge of issuing its own cryptoasset and will seek to launch a blockchain-based platform that will enable its customers to buy digital financial assets.
The token will be named Sbercoin, and Herman Gref, President...
South Korea’s Banking Giant to Co-create ‘Crypto Bank’ for Exchanges
26.11.2020
South Korean banks are rapidly stepping up their crypto game, with Kookmin (KB), one of the biggest commercial banks in the country, co-creating a “digital asset management company” with a number of the nation’s leading blockchain players that will safeguard the bitcoin (BTC) holdings of corporate...
Chinese banking giant withdraws $3B blockchain bond from listing
23.11.2020
The $3 billion blockchain bond has been effectively cancelled
Japan’s Banking Giant MUFG Plans to Launch Blockchain Payment Network in 2021
20.11.2020
Japanese banking giant MUFG plans to launch its blockchain payment network across the country in 2021 with U.S.-based fintech company Akamai
Banking Giant With 11m Clients May Be on Verge of Launching Crypto Exchange
27.10.2020
Major Asian bank, Singapore’s DBS, could be set to debut a crypto and securities token exchange – offering trading in bitcoin (BTC) and three major altcoins against not only the fiat Singapore dollar, but also three other major international currencies.
A DBS page devoted to what the bank seems...
Japanese Banking Giant Exec Says Blockchain Is Making ‘a B2B Shift’
9.10.2020
Source: Adobe/photo_pw
A senior executive at one of Japan’s biggest banking groups, the Sumitomo Mitsui Banking Corporation (SMBC), has talked up the role of blockchain technology in the world of finance – and claims that businesses are now shifting away from business-to-consumer (B2C) offerings...
Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
3.8.2020
The crypto exchange group is forming a new fund to invest tens of millions of dollars in the DeFi space
Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020
14.7.2020
Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...
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