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Retail FX

39% of Retail Investment Firms Cite Excessive FCA Data Requests, Survey Shows

  • Retail Banking and Digital Assets firms show the highest trust in FCA’s effectiveness at 71%.
  • The survey includes responses from 25,000 firms across various financial sectors.
Wednesday, 23/10/2024 | 10:09 GMT by Tareq Sikder
CryptoCurrency

FTX-Related Failures Led This Bank to $63 Million in Penalties

  • Silvergate Bank allegedly failed to detect $9 billion in suspicious transactions from major FTX customers.
  • The bank filed for voluntary liquidation in March 2023.
Tuesday, 02/07/2024 | 05:32 GMT by Arnab Shome
Thought Leaders

Uncovering Backroom Missteps During Migom's Downfall

  • A deep dive into a turbulent journey.
Monday, 02/10/2023 | 09:38 GMT by James Clifford
FinTech

"Free" Money in Ireland? Bank App Error Sends Crowds to ATMs

  • Bank of Ireland announced on Wednesday that it has fixed the glitch.
  • Ireland's Finance Minister has demanded a comprehensive report on the incident.
Wednesday, 16/08/2023 | 13:48 GMT by Solomon Oladipupo
CryptoCurrency

Silvergate Bank Announces Voluntary Liquidation amid Troubles

  • The bank is facing inquiries from US regulators and prosecutors.
  • It discontinued its internal settlement network last week.
Thursday, 09/03/2023 | 07:31 GMT by Arnab Shome
Institutional FX

Credit Suisse Reports CHF 7.3 Billion Annual Loss in 2022

  • The banking giant lost 20% of its assets under management.
  • The CEO confirms that current results are “unacceptable.”
Thursday, 09/02/2023 | 11:03 GMT by Damian Chmiel
Institutional FX

Credit Suisse Expects to End Q4 with a Loss of $1.58B

  • The bank is undertaking a massive strategic overhaul.
  • It is focusing on reducing its expenses.
Wednesday, 23/11/2022 | 09:15 GMT by Arnab Shome
Institutional FX

South Korean Banks See Record Jump in Daily FX Turnover during Q2

  • The average figure came in at $65.59 billion for the reported period.
  • The daily average turnover of FX spots touched $25.05 billion.
Monday, 25/07/2022 | 07:37 GMT by Bilal Jafar
FinTech

Russian Bank Tinkoff to Start Charging 1% Fee on FX Accounts

  • The bank cited the current geopolitical situation for the decision.
  • The measure is to take effect from June 23.
Thursday, 09/06/2022 | 18:54 GMT by Solomon Oladipupo
Institutional FX

VTB Bank Is Preparing to Close European Operations: Report

  • The bank was hit with some tough sanctions by the western governments.
  • Earlier, Sberbank pulled out of Europe.
Monday, 07/03/2022 | 07:10 GMT by Arnab Shome
Retail FX

Russia’s VTB Bank Asks Customers to Avoid Conducting Forex Transactions

  • VTB tries to safeguard its customers from increased transaction costs.
  • The Ukraine crisis has caused several challenges in the Russian financial market.
Friday, 25/02/2022 | 06:53 GMT by Nicholas Otieno
CryptoCurrency

Valliance Bank Taps Bakkt to Provide Crypto Trading Services to Customers

  • The partnership expands Valliance Bank’s offerings to include crypto services.
  • Many banks have joined the Bakkt crypto connect solution.
Tuesday, 15/02/2022 | 07:07 GMT by Nicholas Otieno
Executive Moves

Credit Suisse Launches New Wealth Management Structure

  • Credit Suisse announces a number of key appointments
  • New management structure in place
Tuesday, 01/02/2022 | 10:37 GMT by Nicholas Otieno
News

Crypto Bank Sygnum Secures $90 Million in Series B Funding Round

  • The company’s valuation touched $800 million.
  • The funding round was led by Hong Kong-listed Sun Hung Kai & Co. Limited.
Thursday, 06/01/2022 | 12:13 GMT by Bilal Jafar
News

Mizuho Bank Invests in Vietnam’s Payment Platform

  • M-Service is Vietnam’s leading digital payment company.
  • The fintech company operates the MoMo brand.
Friday, 24/12/2021 | 08:40 GMT by Bilal Jafar
Investing

Manasquan Bank Taps Bakkt to Offer Crypto Services to Customers

  • Manasquan Bank customers will soon be able to buy cryptos from bank accounts.
  • Bakkt will facilitate crypto access to Manasquan customers.
Wednesday, 22/12/2021 | 07:34 GMT by Nicholas Otieno
News

US Bank to Offer Bitcoin Custody Services

  • The fifth-biggest bank in the country will offer the service to the fund managers in the first instance.
Tuesday, 05/10/2021 | 17:24 GMT by Felipe Erazo
Institutional FX

Major Banks to Face Hearings in a London Court over a Forex Rigging Case

  • The London’s Competition Appeal Tribunal (CAT) will decide on the feasibility to continue with the case.
Monday, 12/07/2021 | 17:30 GMT by Felipe Erazo
Institutional FX

De Volksbank Becomes the First Dutch Bank to Join Eurex’s ISA Direct

  • The exchange mentioned that ABN AMRO clearing bank is acting as a clearing agent.
Monday, 14/06/2021 | 10:26 GMT by Bilal Jafar
News

American Financial Giant Launches Dedicated Cryptocurrency Division

  • State Street is planning to expand its digital finance capabilities.
Friday, 11/06/2021 | 05:09 GMT by Bilal Jafar
News

Asia’s Banking Giant DBS Launches Blockchain Bonds

  • The Singapore-based bank is planning to expand its Security Token Offerings.
Tuesday, 01/06/2021 | 05:00 GMT by Bilal Jafar
News

Avanti Raises $37 Million to Launch a Cryptocurrency Bank

  • The company has raised a total of approximately $44 million since its inception.
Friday, 26/03/2021 | 05:34 GMT by Bilal Jafar
News

222-Year-Old German Private Bank to Offer Crypto Services 'Soon'

  • The bank has plans to integrate many blockchain-based services into its offerings.
Tuesday, 09/03/2021 | 07:01 GMT by Arnab Shome
News

Anchorage Secures $80 Million Series C Funding

  • The company is planning to expand its crypto services with the latest investment.
Friday, 26/02/2021 | 08:58 GMT by Bilal Jafar
News

Vauld Raises $2 Million to Become a Crypto Bank

  • The startup wants to approach regulators in Singapore and the UK for banking licenses.
Tuesday, 29/12/2020 | 07:24 GMT by Arnab Shome
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