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Nalezeno "financial institutions": 318

SBI’s Acquisition of Crypto Firm Helps the Asian Giant Create Full-Fledged Digital Asset Trading Desk

16.12.2020
Japanese financial group SBI Financial Services has announced the acquisition of the United Kingdom-based crypto services firm B2c2 for an undisclosed amount. The purchase helps the Asian financial giant to become one of the mainstream financial institutions to have a full-fledged digital asset...

Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”

4.12.2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...

Experts say institutions drove Bitcoin's rise to $19K and that alt-season is coming

26.11.2020
Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States

Deloitte: Financial institutions to boost future blockchain spending

25.11.2020
A representative from the company expects 2021 to be "a breakout year for blockchain."

Wallex: The Rainbow in The European Grey Zone

22.11.2020
The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave....

US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon

17.11.2020
Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next...

Argentinian Central Bank to Lift Freeze on Bank Fee Increases: Sets the Ceiling for Future Hikes at 9%

8.11.2020
The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively ends the February 19 freeze on any fee hikes, the central bank says such...

Fidelity Investments’ Digital Asset Custody Services Arm Expands to Asia

30.10.2020
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing...

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies

25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...

Governments, Financial Institutions See Crypto As A Tool For Financial Inclusion

30.9.2020
Although still seen mostly as a tool for investment and speculation, crypto is likely to become an effective tool for financial inclusion in about five years from now, the majority of respondents in a new survey said. The survey - produced by organizations dedicated to tackling financial crimes...

Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble

23.9.2020
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with...

5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels

21.9.2020
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds...

Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

11.8.2020
Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space

Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold

9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...

Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low

31.7.2020
Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end...

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...

Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China

1.7.2020
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22%...