banks

US Banks Experience $174.3 Billion in Deposit Outflows Over 3 Months as S&P Global Reports Industry Contraction

US Banks Experience $174.3 Billion in Deposit Outflows Over 3 Months as S&P Global Reports Industry Contraction

Daisy HodleyNov 12, 20232 min read

New Numbers Reveal Massive Deposit Flight from US Banks A recent report from S&P Global has disclosed a significant decline in non-brokered deposits, which mainly come…

Largest Bank in the World, ICBC, Targeted by Ransomware Cybersecurity Breach

Largest Bank in the World, ICBC, Targeted by Ransomware Cybersecurity Breach

Nathan CobenNov 10, 20233 min read

The Cyberattack on ICBC: What You Need to Know ICBC, the world’s largest lender by assets, revealed that its U.S. financial services division was hit with…

JPMorgan Introduces Programmable Payments on Institutional Blockchain Platform for JPM Coin

JPMorgan Introduces Programmable Payments on Institutional Blockchain Platform for JPM Coin

Coinan PorterNov 10, 20232 min read

JPMorgan Unveils Programmable Payment Feature for Institutional Clients JPMorgan, the multinational banking firm, has introduced a new programmable payment feature for institutional users of its private…

Standard Chartered’s Investment Arm to Establish Cryptocurrency Fund in the United Arab Emirates

Standard Chartered’s Investment Arm to Establish Cryptocurrency Fund in the United Arab Emirates

Coinan PorterNov 9, 20232 min read

Standard Chartered and SBI Holdings to Establish Digital Asset Joint Venture in UAE SC Ventures, the fintech investment arm of British bank Standard Chartered, is teaming…

SEBA Bank’s Subsidiary in Hong Kong Granted SFC License for Cryptocurrency Regulation

SEBA Bank’s Subsidiary in Hong Kong Granted SFC License for Cryptocurrency Regulation

Owen PatterNov 8, 20233 min read

SEBA Bank Receives Regulatory License in Hong Kong SEBA Bank, a crypto-focused financial institution based in Switzerland, has obtained a regulatory license from Hong Kong regulators…

HSBC to Introduce Custody Solutions for Digital Securities

HSBC to Introduce Custody Solutions for Digital Securities

Nathan CobenNov 8, 20232 min read

HSBC Embraces Digital Assets HSBC recently announced its plan to offer custody services for tokenized securities, making it the latest major institution to embrace digital assets.…

HSBC Partners with Ripple’s Metaco for Launch of Security Token Custody Solution

HSBC Partners with Ripple’s Metaco for Launch of Security Token Custody Solution

Coinan PorterNov 8, 20232 min read

HSBC to Launch Tokenized Securities Custody Platform HSBC, a major global banking company, has announced plans to introduce an institutional custody platform for tokenized securities, also…

BIS Executive Calls for Central Banks to Drive Innovation in CBDCs

BIS Executive Calls for Central Banks to Drive Innovation in CBDCs

Coinan PorterNov 8, 20232 min read

Central Banks Urged to Lead Innovation in the Digital Age The General Manager of the Bank for International Settlements (BIS), Agustín Carstens, believes that central banks…

Is it Possible for LHV Bank’s Creator to Recover His $470 Million ETH Wealth?

Is it Possible for LHV Bank’s Creator to Recover His $470 Million ETH Wealth?

Owen PatterNov 7, 20232 min read

Ethereum Wallet with $470 Million Linked to LHV Bank Founder Rain Lõhmus A dormant Ethereum wallet containing 250,000 ETH, valued at over $470 million, has been…

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