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Nalezeno "2019": 3852

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...

South Africa Proposes 30 Rules to Regulate Cryptocurrency

19.4.2020
South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by...

Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis

17.4.2020
Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors....

IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion

16.4.2020
The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...

Analytical Report: IEOs in 2019-2020

15.4.2020
Disclaimer: All numbers used in this article were obtained on March 1, 2020. This is a co-brand report of SMCContinue Reading The post Analytical Report: IEOs in 2019-2020 appeared first on CoinMarketCap Blog

G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra

15.4.2020
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...

ECB Expects Worse Recession in Europe Than Global Economy

14.4.2020
The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.1 trillion), explained...

80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany

12.4.2020
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares...

JPMorgan, Bank of America, Deutsche Bank Predict Major Recession

11.4.2020
Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...

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