bank News

Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto…

Custodia Bank’s plea for a Federal Reserve master account was rejected. Here's why.

The American Vast Bank, the first in the United States to offer its clients tools for working with cryptocurrencies, has decided to leave the crypto industry. Information about this appeared on the credit institution’s website. Due to the refusal to…

More and more banks have been giving the green light to cryptocurrency. What exactly do these banks offer customers, and how can they decide which is the right bank for them? In our current dynamic financial era, the emergence of…

Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC) for its…

In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement Network (FinCEN) is pushing for financial institutions to impose new…

Chinese virtual bank ZA Bank has revealed plans to offer crypto trading services with fiat currencies to retail customers. In an interview with the Hong Kong Economic Journal, ZA Bank CEO Ronald Iu said the Hong Kong-based company eventually plans…

Thailand’s second-largest bank, Kasikornbank Pcl, is charting a course to develop a digital-asset ecosystem, providing a unique funding avenue for companies. With the recent acquisition of Thai licensed crypto exchange, Satang Corp., Kasikornbank is now encouraging some clients to explore…

A former executive at Credit Suisse has rolled out a new crypto trading platform, targeting banks and securities firms only. David Riegelnig, who held several senior management positions at Credit Suisse until 2015, is now making a bet on cryptocurrencies…

The Wall Street financial giant Goldman Sachs says the market is about to see a ‘significant uptick’ in the quantum trading on-chain within the next two years. Goldman Sachs is anticipating a significant uptick in trading volumes of blockchain-based assets…

The European Union is enhancing the European Central Bank’s role to oversee climate risks and digital assets in the banking sector. This move comes with the expanding scope of risks facing the banking sector, notably those associated with climate change…

BBVA Switzerland has migrated its crypto custody services to Ripple-owned infrastructure provider Metaco. Under the collaboration agreement, BBVA Switzerland will be using Metaco‘s Harmonize platform to connect between multiple blockchain networks, according to a press release published on Dec. 7,…

French lender Societe Generale is set to become the first bank to offer a stablecoin on a cryptocurrency exchange. According to a report from the Financial Times (FT), the Paris-headquartered bank will debut its stablecoin EUR CoinVertible on crypto exchange…

French multinational financial conglomerate Societe Generale has issued its first digital green bond on a blockchain network. According to a Reuters report, the Paris-headquartered banking group has nearly $11 million worth of senior preferred unsecured bonds with maturity of three…

With the latest move, the U.K. hopes to bolster liquidity in its asset management market. British investment managers have received an approval to develop tokenized funds with the help of blockchain technology as the country seeks to benefit from the…

Mastercard has teamed up with Feedzai to alert about suspicious crypto transactions in real time. Payments giant Mastercard has entered into a partnership with Feedzai, an artificial intelligence (AI) powered risk management system, in a bid to increase crypto fraud…