Bank of America (BoA) was fined $150 million by US regulators for double charging overdraft fees and opening unauthorized accounts. The US central bank assessed banks' resilience to recession, but did not consider their ability to...
Central banks around the world are buying gold to fight inflation, with 85 sovereign wealth funds and 57 banks managing $21 trillion. In 2022, central banks made record purchases of gold with net purchases of 1,136...
The American banking sector has been the backbone of the economy in the US.
The so-called American Dream is based on the promise of wealth and security. However, it seems to be collapsing....
The decision to prioritize wholesale CBDCs, which involve tokenized securities, shows the SNB's commitment to thoroughly assess and manage any associated risks before considering the introduction of retail CBDCs.
The Swiss National Bank...
CCData recently released the June 2023 Stablecoins & CBDCs Report on the status of major fiat stablecoins and central bank digital currencies (CBDCs).
The first fact that emerges in the Stablecoins & CBDCs...
German financial giant Deutsche Bank recently applied for a license for digital asset custody service.
Deutsche Bank, one of the largest financial institutions in Germany, wants to advance its custody services for digital...
There is a pressing need for strong regulatory frameworks to ensure the stability and integrity of the cryptocurrency industry.
Governor Villeroy de Galhau, leader of the Bank of France, has underscored the critical...
On Wednesday, the share prices of the 10 largest US banks by market capitalization fell at least 1 percentage point.
Cryptocurrencies could be enjoying a rise in price and adoption, as the latest...
Due to reduced payment options, Binance loses its banking partner, as it has recently experienced a restriction on access to Australian dollar transfers through its PayID payment gateway due to reduced payment options by banks. As a...
US Senator Elizabeth Warren has criticized SVB and Signature executives for maintaining compensation. The top management of the banks made $60 million by ignoring the risks. Warren wants to restore stricter regulations for smaller banks.
