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CryptoCurrency
Silvergate Bank Announces Voluntary Liquidation amid Troubles
The bank is facing inquiries from US regulators and prosecutors.
It discontinued its internal settlement network last week.
Thursday, 09/03/2023 | 07:31 GMT
by
Arnab Shome
Institutional FX
Credit Suisse Reports CHF 7.3 Billion Annual Loss in 2022
The banking giant lost 20% of its assets under management.
The CEO confirms that current results are “unacceptable.”
Thursday, 09/02/2023 | 11:03 GMT
by
Damian Chmiel
Institutional FX
Credit Suisse Expects to End Q4 with a Loss of $1.58B
The bank is undertaking a massive strategic overhaul.
It is focusing on reducing its expenses.
Wednesday, 23/11/2022 | 09:15 GMT
by
Arnab Shome
Institutional FX
South Korean Banks See Record Jump in Daily FX Turnover during Q2
The average figure came in at $65.59 billion for the reported period.
The daily average turnover of FX spots touched $25.05 billion.
Monday, 25/07/2022 | 07:37 GMT
by
Bilal Jafar
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FinTech
Russian Bank Tinkoff to Start Charging 1% Fee on FX Accounts
The bank cited the current geopolitical situation for the decision.
The measure is to take effect from June 23.
Thursday, 09/06/2022 | 18:54 GMT
by
Solomon Oladipupo
Institutional FX
VTB Bank Is Preparing to Close European Operations: Report
The bank was hit with some tough sanctions by the western governments.
Earlier, Sberbank pulled out of Europe.
Monday, 07/03/2022 | 07:10 GMT
by
Arnab Shome
Retail FX
Russia’s VTB Bank Asks Customers to Avoid Conducting Forex Transactions
VTB tries to safeguard its customers from increased transaction costs.
The Ukraine crisis has caused several challenges in the Russian financial market.
Friday, 25/02/2022 | 06:53 GMT
by
Nicholas Otieno
CryptoCurrency
Valliance Bank Taps Bakkt to Provide Crypto Trading Services to Customers
The partnership expands Valliance Bank’s offerings to include crypto services.
Many banks have joined the Bakkt crypto connect solution.
Tuesday, 15/02/2022 | 07:07 GMT
by
Nicholas Otieno
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Executive Moves
Credit Suisse Launches New Wealth Management Structure
Credit Suisse announces a number of key appointments
New management structure in place
Tuesday, 01/02/2022 | 10:37 GMT
by
Nicholas Otieno
News
Crypto Bank Sygnum Secures $90 Million in Series B Funding Round
The company’s valuation touched $800 million.
The funding round was led by Hong Kong-listed Sun Hung Kai & Co. Limited.
Thursday, 06/01/2022 | 12:13 GMT
by
Bilal Jafar
News
Mizuho Bank Invests in Vietnam’s Payment Platform
M-Service is Vietnam’s leading digital payment company.
The fintech company operates the MoMo brand.
Friday, 24/12/2021 | 08:40 GMT
by
Bilal Jafar
Investing
Manasquan Bank Taps Bakkt to Offer Crypto Services to Customers
Manasquan Bank customers will soon be able to buy cryptos from bank accounts.
Bakkt will facilitate crypto access to Manasquan customers.
Wednesday, 22/12/2021 | 07:34 GMT
by
Nicholas Otieno
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News
US Bank to Offer Bitcoin Custody Services
The fifth-biggest bank in the country will offer the service to the fund managers in the first instance.
Tuesday, 05/10/2021 | 17:24 GMT
by
Felipe Erazo
Institutional FX
Major Banks to Face Hearings in a London Court over a Forex Rigging Case
The London’s Competition Appeal Tribunal (CAT) will decide on the feasibility to continue with the case.
Monday, 12/07/2021 | 17:30 GMT
by
Felipe Erazo
Institutional FX
De Volksbank Becomes the First Dutch Bank to Join Eurex’s ISA Direct
The exchange mentioned that ABN AMRO clearing bank is acting as a clearing agent.
Monday, 14/06/2021 | 10:26 GMT
by
Bilal Jafar
News
American Financial Giant Launches Dedicated Cryptocurrency Division
State Street is planning to expand its digital finance capabilities.
Friday, 11/06/2021 | 05:09 GMT
by
Bilal Jafar
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News
Asia’s Banking Giant DBS Launches Blockchain Bonds
The Singapore-based bank is planning to expand its Security Token Offerings.
Tuesday, 01/06/2021 | 05:00 GMT
by
Bilal Jafar
News
Avanti Raises $37 Million to Launch a Cryptocurrency Bank
The company has raised a total of approximately $44 million since its inception.
Friday, 26/03/2021 | 05:34 GMT
by
Bilal Jafar
News
222-Year-Old German Private Bank to Offer Crypto Services 'Soon'
The bank has plans to integrate many blockchain-based services into its offerings.
Tuesday, 09/03/2021 | 07:01 GMT
by
Arnab Shome
News
Anchorage Secures $80 Million Series C Funding
The company is planning to expand its crypto services with the latest investment.
Friday, 26/02/2021 | 08:58 GMT
by
Bilal Jafar
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News
Vauld Raises $2 Million to Become a Crypto Bank
The startup wants to approach regulators in Singapore and the UK for banking licenses.
Tuesday, 29/12/2020 | 07:24 GMT
by
Arnab Shome
News
Italy’s Leading Private Bank Plans to Start Crypto Services
Banca Generali has entered the crypto world with the acquisition of a $14 million minority stake in Bitcoin wallet, Conio.
Tuesday, 15/12/2020 | 09:51 GMT
by
Bilal Jafar
News
Starling Becomes First Digital Bank to Post Profits
The bank generated an operating profit of £0.8 million in October.
Friday, 20/11/2020 | 13:09 GMT
by
Arnab Shome
Institutional FX
BBVA Agrees to Sell US Subsidiary to PNC Bank for $11.6 Billion
The deal is the second-largest banking acquisition in the US since the 2008 financial crisis.
Monday, 16/11/2020 | 09:31 GMT
by
Bilal Jafar
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News
Sygnum Bank Enters Crypto Staking, Offers Stake Rewards for Tezos
The crypto bank now offers its clients up to 5% annual rewards for staking Tezos (XTZ).
Friday, 06/11/2020 | 14:42 GMT
by
Bilal Jafar
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