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Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
20.7.2020
Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law
Accenture, HSBC, Seba Bank Among Bank of France’s Eight CBDC Finalists
20.7.2020
The Bank of France’s central bank digital currency (CBDC) experiments are moving forward with eight candidate firms picked to begin work “in the coming days,” the central bank said in a press release Monday
French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot
20.7.2020
The central bank of France is about to start several experimental trials centering the digital euro
UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief
1.6.2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske...
DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement
11.5.2020
Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process
Binance Hires Former HSBC Banker and Fintech Veteran to Lead UK Growth
8.5.2020
Major cryptocurrency exchange Binance has hired banking and fintech veteran Teana Baker-Taylor to lead its expansion in the United Kingdom and European market
Libra Association Names HSBC Chief Legal Officer as First CEO
6.5.2020
The Libra Association has just named HSBC Chief Legal Officer and former U.S. Under Secretary of the Treasury Stuart Levey as its new CEO. Levey will take the reins later this year
HSBC Puts $10B of Private Placements on R3’s Corda Blockchain
27.3.2020
HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
HSBC: Blockchain Platform Will Keep Trade Finance Smooth Despite Coronavirus
5.3.2020
The platform’s backers claim that using the blockchain can keep trade financing running smoothly even in times of global crises like the coronavirus
Bitcoin’s Bullish Battle, Ethereum 2.0, BCH Faces ‘Slow Death’: Hodler’s Digest, Feb. 17–23
23.2.2020
In this week’s Hodler’s Digest, BTC’s two scenarios in the week ahead, new details about plans for Ethereum 2.0, and CZ talks about the upcoming Bitcoin halving
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...
HSBC to Drop 35,000 Jobs and Invest in Digital Finance
19.2.2020
Banking giant HSBC plans to terminate about 35,000 of global jobs while doubling down on disruptive technology
Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020
19.2.2020
Dubai government to launch a KYC blockchain consortium in collaboration with six banks in Q1 2020
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...
Banks Are Cutting 75,700 Jobs Worldwide
4.12.2019
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...
HSBC Launches Digital Vault Platform; Shifts $20bn Worth Assets to Blockchain
28.11.2019
Serving the financial economy with its unprecedented banking services, the London-based HSBC bank is all set to make the first move in the fast-growing yet controversial technology arena of cryptocurrencies. The leading international banking giant has announced that it would shift assets worth...
HSBC to Digitize Private Placement Records to Track $20B in 2020
27.11.2019
HSBC to digitize private placements records worth $20 billion using a new blockchain-based custody platform by March 2020
HSBC to Track $20 Billion in Assets on a Blockchain Next Year
27.11.2019
HSBC plans to track $20 billion in private-placement assets on its Digital Vault, allowing investors real-time access to their records
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...