JPMorgan Mulls Blockchain-Based Deposit Token, Report
America’s largest financial institution by property, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border funds and interbank transfers. If authorised by regulators, the...
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
Sources have revealed that U.S. authorities officers are in talks to rescue First Republic Bank, a struggling monetary establishment. The discussions contain the U.S. Treasury,...
C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking
On April 13, a C6 Bank buyer in Brazil shared screenshots of his on-line checking account, revealing that the monetary establishment was monitoring CO2 emissions...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud
On Tuesday, French officers performed raids on 5 main banks situated in and round Paris, together with Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s...
On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank
Credit Suisse has skilled a lack of confidence within the monetary establishment’s well being following a big drop in its shares’ worth this week. Over...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
The mother or father firm of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse final...
US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual
After Silicon Valley Bank (SVB) skilled monetary turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
After Silvergate Bank introduced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the monetary establishment’s downfall to “crypto risk.” According to Warren, she had...
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing points with the centralized fee processor Venmo. His tweet was adopted by...
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
On March 2, 2023, the cryptocurrency alternate Coinbase introduced that, in mild of current developments, the corporate is “no longer accepting or initiating payments to...