Search

Nalezeno "US Banking": 2174

China's Digital Yuan Research Delayed Amid Coronavirus Epidemic

26.2.2020
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan

Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System

25.2.2020
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency

Crypto-Friendly Banking App Now One of Europe's Most Valuable Fintechs

25.2.2020
Crypto-supporting neobank Revolut is now valued at $5.5 billion, tied with Sweden’s Klarna for first place as Europe’s most valuable fintech

China Adopts Security Standards for Blockchain Applications in the Financial Sector

25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...

Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming

24.2.2020
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking

Indian Supreme Court to Rule on Central Bank’s Crypto Banking Ban

24.2.2020
The building of the Indian Supreme court In New Delhi, India. Source: iStock/anil_shakya19 India’s Supreme Court is set to rule on a legal challenge to restrictions placed on banks dealing with cryptocurrency traders imposed by the central Reserve Bank of India (RBI). If the challenge proved...

JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away

23.2.2020
JP Morgan suggests that blockchain laid the foundations for digital money, but the role of cryptocurrencies is still limited

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...

Morgan Stanley Buys E*Trade in $13B Deal

20.2.2020
Morgan Stanley is acquiring E*Trade for $13 billion, hoping to target its 5.2 million-strong client base

Ripple CEO Brad Garlinghouse Tells Banks That 'Crypto Is Not a Bad Word'

20.2.2020
Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with cryptocurrencies

Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

20.2.2020
The PIX payments system is coming to Brazil next winter, promising almost instant transfers for individuals and businesses

Former Ripple Business VP Takes Role at Major Bank Standard Chartered

19.2.2020
Kahina Van Dyke, a former executive at Ripple and Facebook, has taken on a major role in managing the institutional clients of major bank Standard Chartered

‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus

18.2.2020
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number...

Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates

18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...

India’s Banking Sector to Increasingly Adopt Blockchain Tech: GlobalData

17.2.2020
According to GlobalData, a leading data and analytics company, the Indian banking sector will witness considerable growth in the mainstream use of blockchain tech in 2020 as well as moving beyond that. This growth may be attributed to the fact that in the past few years, several of the leading...

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan

16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...