Bank

The Bank of Thailand is working to allow virtual banks to operate in the country, with fully functional operations and services by 2025. The bank’s report “Consultation Paper on Virtual Bank Licensing Framework" said applications for…
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Silvergate Bank has announced a net loss of $1 billion in the last quarter of 2022. It saw significant outflows of deposits in the last quarter of 2022 and took measures to maintain cash liquidity, including wholesale funding and selling…
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Chris Tyrer, the head of Fidelity Digital Asset Management, believes banks have come around on crypto during the last year. He said the institutions are the future access points for the market. Investment executives have noted that despite…
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With more crypto companies struggling to stay afloat or going bankrupt, Barclay’s Bank – the largest with a global presence – wants to invest in this sector. Copper, a well-known player in the crypto custody arena will draw investment from…
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JP Morgan, one of the world’s largest investment banks has launched its very own Lounge in the metaverse. This, after the bank released a report on available opportunities in the metaverse. This report was co-authored by the investment…
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Major banks have increasingly shown interest in cryptocurrencies. We can trace this development across big banks like Bank of America, Bank of Australia, JPMorgan, and now DBS. It is all the more significant since DBS is the largest bank in…
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Cowen, a financial services firm, has opened a digital asset division called Cowen Digital. It wants to lead US banks in the growing crypto segment. The new unit would be led by Drew Forman, who has worked as a managing director and head of…
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The European Commission (EC) has decided to remove several Russian banks from the SWIFT messaging system that connects worldwide financial institutions for international transactions. This move comes after the EC condemned Russian invasion…
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As confirmed by the Canadian government, multiple cryptocurrency wallets and bank accounts were frozen under the Emergencies Act as invoked by Justin Trudeau, the prime minister of Canada. The reports were confirmed after many crypto…
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Central Banks around the world are contemplating issuing digital currencies. The ECB is not any different. Plans for Digital Euro Recently, Christine Lagarde - the president of the ECB said that the digital Euro was not intended to…
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