Bank of America CEO Brian Moynihan says US banks will start providing crypto payment services if federal regulators ever approve it. In …
Banking
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Regulation
US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets
by shayaanby shayaanThe Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of …
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Regulation
Tim Scott Announces Banking Committee Priorities for 119th Congress
by shayaanby shayaanIn a latest development, Tim Scott Announces Banking Committee Priorities for the 119th Congress. On January 15, 2025, Chairman Tim Scott announced …
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Regulation
Pro-crypto advocate Ammon Simon appointed chief counsel to Senate Banking Committee
by shayaanby shayaanKey Takeaways Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs. Simon’s appointment …
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Regulation
Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union
by shayaanby shayaanStandard Chartered is opening a new entity in Luxembourg after obtaining approval to offer digital asset custody services in the European Union. …
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DZ Bank has launched a platform for managing crypto securities, aiming to streamline capital market processes using blockchain technology. Collaboration with Ripple …
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Finance
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report
by shayaanby shayaanAmerica’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an …
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Regulation
More than 100 crypto hedge funds report banking hurdles in the past 3 years
by shayaanby shayaanAround 120 hedge funds engaged in crypto reported hurdles in accessing banking services over the three years, The Wall Street Journal reported on …
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Crypto.com, a prominent player in the crypto industry, has partnered with Deutsche Bank to enhance its corporate banking solutions. The partnership provides …
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Regulation
EU Banking Rules Give Crypto Firms an Edge Over US Counterparts, Analysis Finds
by shayaanby shayaanEuropean Union banking regulations have provided a significant competitive advantage for crypto firms compared to the challenges faced by their U.S. counterparts, …