Banks
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Cryptocurrency
Tokenized Deposits as Alternative to Stablecoins Favored by South Korean Banks in Preparation for CBDCs
A South Korean bank favors Certificate of Deposit (CD) tokens as a potential alternative to “volatile” stablecoins. report South Korean…
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Business
Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes
numbers Goldman Sachs reported a profit of $1.1 billion in the second quarter, down more than 60% from a year…
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Business
London’s Canary Wharf Tries to Revamp Its Image as Banks Exit
Built nearly 40 years ago, this gleaming skyscraper in London’s eastern skyline is home to the headquarters of the world’s…
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Cryptocurrency
Why some hedge funds are shorting U.S. banks
The U.S. banking market recently experienced an annual stress test Implemented by the Federal Reserve. Aimed at assessing banks’ resilience…
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Business
Stress Tests Show Largest Banks Are Sturdy, Fed Says
The Fed said Wednesday that the nation’s largest banks are well-capitalized and ready to withstand major economic and financial market…
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Business
China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
why it matters Lowering deposit rates is one of the tools policymakers can use to stimulate spending. Lower interest rates…
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Business
Binance Moved Billions Through Two U.S. Banks, Regulators Say
According to the filing, Signature’s Binance account reportedly received $1 billion in deposits and $1.3 billion in withdrawals in the…
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Cryptocurrency
Binance considers allowing investors to hold collateral in banks
Binance is reportedly exploring the possibility of having some institutional clients deposit trade collateral for spot and derivatives margin trading…
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Business
Regulators Rebut Claims by Silicon Valley Bank’s Ex-C.E.O.
When asked at a Senate hearing this week who was responsible for the failure of Silicon Valley Bank, the company’s…
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Cryptocurrency
ECB believes digital euro is necessary despite lukewarm response from banks, consumers
While policymakers are divided on whether a digital euro is necessary for the eurozone in a world where cashless payments…
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