#Bank#

Photo: Finance Magnates This may be controversial – due to the amount of extra work involved for both the RegTechs and the regulators – but is it time for RegTechs to be regulated? There is increasing confusion by financial institutions and regulators about the differences between FinTechs and RegTe

The site offers the latest crypto news, educational articles and guides, in-depth studies, expert opinions, information on trading and the best brokers for cryptocurrency trading, along with digital wallets. All the cryptocurrency information and news offered on the InteractiveCrypto platform is bas

Photo: Tom Hazan Klarna, an EU-regulated bank, announced that it has secured its next Chairman, Sir Michael Moritz, effective immediately. Announced in a press release on Tuesday, Moritz, a veteran venture capitalist in Silicon Valley, has been named by Klarna, the Swedish fintech that began in 2005

Photo: Bloomberg Amsterdam-based bank, ABN Amro announced today that it is planning to shed nearly 3,000 jobs by the end of 2024 in an effort to digitise the banking structure. The bank looks set to limit its international presence to focus more on the Netherlands. In the press release, the third-la

Photo: Arnab Shome Facebook-led Libra Association announced on Wednesday the hiring of Saumya Bhavsar as the general counsel of Libra Networks, the payment system subsidiary of the blockchain consortium. Though the development of Facebook’s ambitious digital currency is currently ongoing behind the

Photo: TINGSHU WANG/REUTERS Digital asset exchange, Fusang announced that China Construction Bank (CCB) has requested to cancel the $3 billion digital bond listing that was supposed to support trades in USD and Bitcoin. The exchange received a letter from CCB Labuan to cancel the issuance on 20 Nove

Photo: DepositPhotos A new Notice of Proposed Rulemaking by the United States Office of the Comptroller of the Currency (OCC) on Friday could ensure fair access to banking services to “legal but disfavored” companies that have previously struggled to build working relationships with banks. According

Photo: Bloomberg A Dubai-based investment firm, IBC Group announced today that the company is staking nearly $10 million worth of Ethereum in support of the upcoming Ethereum 2.0 launch. The ETH 2.0 will go live on 1 December with the launch of Beacon Chain. Khurram Shroff, Chairman of the IBC Gro

(Photo: Bloomberg) Wall Street investment banking giant, Goldman Sachs is preparing for further job cuts months after it decided to trim around 400 positions, Reuters reported on Wednesday. The exact number of the upcoming job cuts at Goldman Sachs is not known yet. The bank only admitted to going

The Reserve Bank of Australia's Minutes has sown that the central bank is ready to provide yet more policy stimulus if needed after cutting rates to record lows, a pledge that may be tested given the latest outbreak of coronavirus in the country. ''Minutes of the Reserve Bank of Australia's (RBA) No

The Bank of America (BofA) recently highlighted odds of the Fed rate hike in the next 3 or years, or even sooner, considering the 10-year bond yields and the economic transition. The U.S. bank quotes Fed Chair Jerome Powell while initially defying the rate hike odds before saying, “the market is thi

(Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Friday the global economy’s road to recovery must be underpinned with continuously strong policy and that fiscal and monetary support should not be withdrawn prematurely. (Reuters) - International Monetary Fund M

Amid the coronavirus resurgence, global fiscal and monetary support should not be withdrawn prematurely, the International Monetary Fund’s (IMF) Managing Director (MD) Kristalina Georgieva said in a video message to the Caixin Summit in Beijing. She added that the global economy’s road to recovery m

On Friday, the People’s Bank of China (PBOC) set the USD/ CNY reference rate at 6.6285 vs. Thursday’s 6.6236. PBOC injected CNY160 billion yuan through seven-day reverse repo. USD/CNY range play intact USD/CNY keeps its recent range trade intact, now posting small gains near the 6.6160 region.

Photo: Rachel McIntosh 2020 will go down in history as The Year™ of many things: COVID, of course; the year of one of the most divisive U.S. presidential elections in history. (And, perhaps for some crypto hopefuls, the year that Bitcoin regained $20,000.) However, 2020 will also likely go down in