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Bank, Banks, Banking, Bankers News

April 04, 5:28 am

JYDS Launches Revolutionary JYDS Bank: Pioneering Decentralized Banking ...
[PRESS RELEASE - Vancouver, Canada, April 3rd, 2024] JYDS, the pioneering decentralized ecosystem built on the Solana blockchain, proudly introduces its latest innovation: JYDS Bank. As a transformative feature within the JYDS ecosystem, JYDS Bank is poised to revolutionize banking for the community of JunkYard Dogs Sol (JYDS), offering a suite of cutting-edge financial services tailored to the unique needs of its users. Empowering Financial Freedom Through JYDS Bank JYDS Bank represents a bold step forward in the evolution of decentralized finance (DeFi), empowering users with unprecedented control over their financial assets and decisions. Anchored in the principles of decentralization and community empowerment, JYDS Bank is designed to provide users with seamless access to a wide range of banking services within the JYDS ecosystem. A Roadmap for Innovation and Growth The launch of JYDS Bank marks the beginning of an exciting journey towards a more inclusive and accessible financial future. The platform's roadmap outlines a strategic approach to delivering innovative features and functionalities across multiple phases. In Phase 1, users can leverage JYDS Bank to stake $JYDS tokens and earn rewards, fostering active participation and engagement within the community. Additionall... read More

March 15, 10:00 pm

Ethereum L2 TEN Raises $9 Million From Banking Consortium R3
The encrypted Ethereum layer 2 network, TEN (aka The Encrypted Network), has announced the completion of a $9 million funding round led by the banking consortium R3. TEN is a layer 2 rollup platform targeting encryption, MEV prevention, scalability, and gas efficiency. It’s said to offer “a balance between Optimistic-based L2s and ZK-R... read More

January 08, 10:30 pm

Luetkemeyer's Exit Sets Up Potentially Crypto-Friendly Turn in House Ban...
Rep. Blaine Luetkemeyer's retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee.Shift in House Financial Services Committee Leadership Could Lead to More Progressive Crypto Legislation In a move that could impact the... read More

December 28, 6:30 am

An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest B...
The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto assets such as bitcoin demonstrated remarkable resilience, even capitalizing on the banking sector's ... read More

December 20, 8:00 am

Economist Jim Rickards''Tumultuous' and 'Shocking' Predictions: Global R...
Jim Rickards, a famous economist and investment lawyer, has predicted a year of turmoil for global economies in 2024. According to Rickards, the U.S. Federal Reserve will be unable to pull off a soft landing scenario, prompting a global recession. Also, according to Rickards, a new banking crisis involving medium-sized regional banks will develop. ... read More

December 14, 8:25 am

Banking On Ethereum: JPMorgan Says Ether Will Rise Above Bitcoin In 2024
JPMorgan analysts, while maintaining an overall cautious stance on the cryptocurrency market, foresee Ethereum (ETH) surpassing Bitcoin (BTC) and other digital currencies in market price performance by 2024. This bullish outlook for Ethereum reflects a distinctive perspective within the institution, suggesting that the analysts see unique potential... read More

December 07, 4:30 am

Banking Giant CEO Trashes Crypto – Again – And Warns Of Ban:...
In a fiery declaration that reverberated through the financial landscape, JPMorgan Chase's formidable CEO, Jamie Dimon, once again launched a verbal assault on crypto. Dimon, well-known for speaking his mind, straightforwardly called for a complete ban on digital currencies, linking them to criminal activities without holding back. The CEO didn't m... read More

December 06, 1:10 pm

Blocksquare Hires Seasoned Exec Fergus Murphy As Its New Head Of Global ...
[PRESS RELEASE - Ljubljana, Slovenia, December 6th, 2023] Blocksquare, creator of the world’s top blockchain-based tokenization platform for the real estate industry, announced that Fergus Murphy has joined the company as its new Head of Global Institutional Banking. Fergus is a highly skilled and experienced executive, whose illustrious care... read More

December 05, 10:00 pm

Brazil's Banking Behemoth Itau Unibanco Debuts Cryptocurrency Trading Se...
Itau Unibanco, the largest private bank in Brazil, has launched cryptocurrency trading services for its customers. Through Ion, its financial services platform, Itau will first offer access to two cryptocurrencies, ether and bitcoin, opening this feature gradually to all users. Itau Unibanco Opens Crypto Trading Services in Brazil Itau Unibanco, ... read More

November 29, 12:52 pm

Bitcoin (BTC) Price to Hit $100K Next Year: This Banking Giant Chips in
TL;DR Geoff Kendrick of Standard Chartered highlights three factors for Bitcoin's potential surge to $100,000: rising overall market cap of digital assets, the April 2024 Bitcoin halving, and the expected launch of the first US spot BTC ETF. Kendrick predicts Bitcoin's peak might occur 12-18 months post-halving, with early introduction of US spot ... read More

November 28, 5:30 am

European Banking Authority Launches New Consultation on Crypto Travel Ru...
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs) must complete to collect the needed information to comply with the travel ... read More

November 15, 10:30 pm

German Banking Giant Commerzbank Approved for Crypto Custody Services
Commerzbank AG – the fourth largest bank in Germany – has received its Crypto Custody License after unveiling plans to break into digital asset safekeeping almost two years ago. This makes Commerzbank the first full-service bank in Germany to receive the license. Commerzbank Enters Crypto Custody Per a press release on Wednesday, the ba... read More

November 15, 4:30 pm

German Banking Giant Commerzbank Granted Crypto Custody License
Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. Commerzbank believes the breakthrough positions the bank at the forefront of the burgeoning crypto market in Germany. The firm discloses that the license, granted under the German Banking Act, mar... read More

November 15, 3:35 pm

Heightened Banking Scrutiny Prompts Swan Bitcoin to Warn Users of Accoun...
California-based Bitcoin services platform Swan Bitcoin issued a warning that individuals on its platform engaging with BTC mixing services might face the termination of their accounts due to heightened scrutiny from banks and custodians. Some of its banking and custodial partners have been freezing or terminating accounts involved in mixing Bitcoi... read More

November 08, 5:30 am

German Banking Giant DZ Bank Launches Crypto Custody Platform
One of the largest banks in Germany by total assets, DZ Bank, has launched a crypto custody platform. Additionally, the bank disclosed that alongside its solution for institutional customers, it is working on 'an offer that allows private customers to invest directly in cryptocurrencies.'Germany’s DZ Bank Debuts Digital Custody Platform DZ Ba... read More

October 31, 4:30 am

Banking Giant Standard Chartered's Crypto Custody Firm Zodia Launches in...
British banking giant Standard Chartered-owned crypto custody firm Zodia is launching services in Hong Kong. “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” the crypto firm's CEO emphasized. Zodia has already expanded into three other Asian markets.Standard Chartered&rs... read More

October 16, 8:30 am

Banking Scams Overtake Crypto Frauds in Ireland
Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having recovered only a fraction.Criminals Drop Crypto Frauds... read More

October 04, 2:42 pm

This is the Latest Banking Giant to Embrace XRP, SHIB Payments
TL;DR Chase Bank partners with FCF Pay, allowing crypto payments for loans and credit cards. HSBC also recently enabled mortgage and loan payments in digital currencies. ChatGPT suggests bank adoption may boost XRP's future performance against BTC. JPMorgan's Subsidiary Supports Crypto Chase Bank - the US consumer and commercial banking subsidia... read More

September 21, 6:30 am

Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contra...
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region's Banking Ordinance. The HKMA argued such descriptions 'may mislead members of the public into believing that those crypto firms' are financial institutions that they can trust.False Descriptions Contravene Banking O... read More

September 18, 7:42 am

Jordan Peterson Sparks Debate On How Bitcoin Can Solve Major Banking Pro...
The flagship cryptocurrency, Bitcoin, was created with the goal of disrupting the traditional financial system. In support of this, Best-selling Author and Clinical Psychologist Jordan Peterson has suggested that customers should abandon the banking system and probably adopt Bitcoin. Jordan Peterson Says Bitcoin Over Banks  Peterson was making... read More

August 30, 5:30 pm

Report: Tether Pivots to Bahamas' Britannia Bank Amid US Banking Strains
In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether's supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation.Undisclosed Sources Say Tether Is Working With a Privately Held Bahama... read More

August 24, 2:45 pm

BitMEX's Arthur Hayes: Bitcoin is Antidote for 'Flawed, Corrupt, Parasit...
Fed chairperson Jerome Powell has been at the receiving end of significant backlash for his stance on implementing the same approach that helped the US get rid of inflation several decades ago. This strategy has been strongly contended by BitMEX founder Arthur Hayes while pointing out the difference in economic and monetary conditions in the US tod... read More

August 24, 5:30 am

S&P Downgrades 5 Regional US Banks Amid Challenging Banking Environment&...
On Monday, S&P Global Ratings slashed ratings for five U.S. regional banks, pointing to the strenuous operating atmosphere plaguing the sector since the year's outset. The impacted banks include Associated Banc Corp., Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National Bancorp. Simultaneously, the outlook for two others has been dimmed... read More

August 15, 4:30 pm

Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2...
The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present 'novel and complex risks' that are difficult to assess amid recent volatility, according to the report. Gro... read More

July 31, 7:30 pm

QI Research's DiMartino Booth Foresees 'Full Damage' Yet to Unfold in US...
Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what's to come. She anticipates further upheaval within the banking industry. The strategist articulated her belief that we have not yet witnessed the 'full damage' wro... read More

July 26, 8:00 pm

Tim Draper Predicts Bitcoin Will Outpace Fiat Currencies, Asserts Its Su...
Renowned bitcoin investor and venture capitalist, Tim Draper, envisions a future where bitcoin emerges as a formidable competitor to the world's fiat currencies. During a recent interview with Fox News, Draper argued that bitcoin's inherent safety and superiority surpass those of traditional banking systems and government-controlled fiat currencies... read More

July 21, 7:30 am

Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System ...
Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena's decentralized stablecoin product in Q3 2023, which was inspired by an article written by former Bitmex CEO Arthur Hayes. Stablecoin Protocol Ethena... read More

July 17, 10:57 am

Ripple (XRP) Expecting Customers From US Banking Sector Next Quarter
Last week, the legal battle between the SEC and Ripple that had been raging for 3 years was finally settled, at least partially. Although Judge Analisa Torres ruled that some primary sales of XRP should have been registered as securities offerings, the secondary sale of the asset does not count as unlicensed securities. Open for Business Again The ... read More

July 15, 4:00 pm

JPMorgan CEO Jamie Dimon Calls 2023's Banking Fiasco a 'Mini Crisis', Fo...
Four days ago, JPMorgan Chase CEO Jamie Dimon was interviewed by The Economist and he discussed the recent U.S. banking disaster that occurred last March. At that time, the public witnessed the second, third, and fourth largest bank failures in U.S. history. Dimon asserted that “for the most part,” the financial crisis of 2023 is over. ... read More

July 11, 11:30 pm

Economist Peter Schiff Warns All Banks Will Fail, People Will Suffer Mas...
Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed.Peter Schiff Warns About All Banks Failing Economist and gold bug Peter Schiff reiterated his concern... read More

July 10, 6:31 pm

Banking Giant Standard Chartered Sees Bitcoin Tapping $50K in 2023 and $...
One of the biggest British banking institutions - Standard Chartered - has reportedly forecasted that bitcoin's price could reach $50,000 by the year's end and skyrocket to $120,000 by the end of 2024.  The bank has not always been that bullish. Eric Robertsen – Global Head of Research at Standard Chartered - suggested in December 2022 (... read More

June 29, 9:15 am

Here's When Binance Users Have to Provide New Banking Details for EUR De...
In an email to its users, Binance has revealed that the platform's EUR fiat payments partner, Paysafe, will stop offering SEPA deposits to Binance users. According to the email, the change will take place on September 25th, 2023. After this date, users will have to use new banking details to make EUR deposits to their Binance Fiat wallet. They mig... read More

June 25, 7:30 am

Banking Giants Crédit Agricole, Santander Seek to Provide Crypto ...
A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two major European banks to tap into the crypto market. Crédit Agricole Asset Management Unit ... read More

June 20, 11:41 pm

German Banking Giant Deutche Bank Seeks a Crypto License (Report)
The largest bank in Germany in terms of total assets - Deutsche Bank - has reportedly sought regulatory permission to start operating as a crypto custodian. DZ Bank - another leading financial institution in the country - has already progressed in that field, partnering with Metaco and Harmonize to offer digital asset custody to institutional clien... read More

June 18, 12:30 pm

Warnings of Regulatory 'Siege,' Binance US Asset Freeze Averted, Schiff ...
Red tape and confusion has been the theme in crypto news as of late, with cryptocurrency firms scrambling to stay compliant with regulators like the U.S. Securities and Exchange Commission (SEC), with little to no definite regulatory clarity made available to them thus far. In the wake of lawsuits being launched by the SEC against massive exchanges... read More

June 11, 2:00 am

Economist Peter Schiff Says the Fed Destroyed US Banking System — ...
Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while 'the Fed funds rate is 5.25% and the real inflation rate is much higher.' Schiff previously warned that the U.S. banking system is on the verge of a 'much bigger col... read More

June 10, 7:03 pm

6 Years in Prison for Arizona Entrepreneur for Offering Shadow Banking S...
A joint investigation by the FBI’s Money Laundering Squad and Internal Revenue Service-Criminal Investigations led to a 75-month prison sentence for 64-year-old Arizona entrepreneur Reginald Fowler.  A former co-owner of the professional American football team Minnesota Vikings, Fowler has also been asked by the court to pay a forfeiture... read More

June 06, 3:30 am

Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow the interoperation of these licensed stablecoins along... read More

June 01, 5:30 am

Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpen...
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said investments in several banks might be a bett... read More

May 23, 6:30 pm

Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of Ameri...
According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution, and the firm will be required to cease operations in Co... read More

May 07, 11:30 am

Swedbank Strategist Says US Banking Crisis Is Spreading — Warns of...
A strategist at Swedbank, a Swedish bank, has warned that the regional banking crisis in the U.S. is spreading. After several bank failures, he stressed that Pacwest Bank, Western Alliance Bank, and First Horizon Bank have all been 'subject to financial meltdowns.”Swedbank on U.S. Banking Crisis Spreading Pär Magnusson, a fixed income st... read More

May 07, 1:30 am

Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time...
Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks. “How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government wake up?” he stressed, adding that 'We need a systemwide deposit guarantee regime... read More

May 06, 11:30 pm

Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital as ...
The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022. “Rising interest rates are creating significant unrealized losses in investment securities and in some cases depressing tangible equity,” according to the Fed's Division of Supervision a... read More

May 05, 9:30 pm

US Banking Crisis Looms as 'Credit Tightening' Mentions Reach Record Hig...
Recent data reveals that while the banking industry in the U.S. is facing significant challenges, executives are mentioning 'credit tightening' more frequently in earnings calls than during the 2008 financial crisis. Additionally, Google Trends data indicates a surge in search queries related to bank failures and crises. The findings suggest that t... read More

May 04, 1:30 pm

US Banking Industry in Turmoil: A Comprehensive Look at the 'Great Conso...
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a closer look at what has triggered a 'great consolidation' in the banking sector, a recurring theme in th... read More

May 04, 9:30 am

IMF Chief Warns of More Weaknesses in US Banking Sector — Sees 'Gr...
International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects 'more vulnerabilities' in the U.S. banking sector amid a growing de-dollarization trend worldwide. 'There has been a gradual shift away from the dollar,' the IMF chief acknowledged.U.S. Banking Crisis Continues The managing director of the International Monetary Fund (... read More

May 03, 6:56 pm

Federal Reserve Raises Interest Rate by 25bps, Insists 'US Banking Syste...
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks the tenth consecutive occasion in which the Fed has raised interest rates since the initial 25bps increase ... read More

May 03, 8:30 am

Breaking the Barriers of Traditional Banking With Digital Assets
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players. They're consolidating with larger banks faster than a coll... read More

May 02, 5:00 pm

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report ...
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit new lows.Banking Industry on Edge as Pacwest Shares Sink Ca... read More

May 01, 8:00 pm

Stabilizing the Banking System: Biden Reassures Public Amid First Republ...
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country's banking system remains sturdy. However, the president also acknowledged the 'threat by the speaker of the House to default on the national debt.'Biden Expresses Confidence in American Banking System ... read More

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