Catenaa, Saturday, January 25, 2025 – Bank of America CEO Brian Moynihan has signaled that the banking industry is prepared to adopt cryptocurrencies for payments—if regulatory clarity is established. Speaking at the World Economic Forum on Tuesday, Moynihan emphasized the importance of clear rules to unlock the sector’s potential in crypto transactions. “If the rules […]
Catenaa, Tuesday, April 15, 2025- Bank of America reported 10% jump in profits in the first quarter with growth in interest income and gains from a volatile market. The bank said its net income grew to $7.4 billion and earnings per share to $0.90 from $0.76 last year, while revenue was up by 6% year-over-year […]
Catenaa, Friday, February 28, 2025-Bank of America is considering launching a stablecoin tied to the US dollar, CEO Brian Moynihan said Tuesday, contingent on regulatory approval. Speaking at the Economic Club of Washington, DC, Moynihan acknowledged the growing role of stablecoins in the financial sector. “It’s pretty clear there’s going to be a stablecoin,” he […]
Catenaa, Tuesday, February 25, 2025– European block trades are off to their strongest start for the year since 2021, with about $ 8.6 billion in transactions so far in 2025, data compiled by Bloomberg on Tuesday said. A flurry of deals for chunks of European companies has seen about $ 8.6 billion in transactions since the beginning […]
Catenaa, Monday, January 06, 2025 – Bank of America, Citigroup, and Morgan Stanley have announced their departure from the United Nations-backed Net-Zero Banking Alliance (NZBA), following similar exits by Goldman Sachs and Wells Fargo last month.The is a notable move particularly in the current trend of major institutions moving towards cryptocurrencies as cryptocurencies use large […]
Catenaa, Wednesday, April 30, 2025– Wall Street banks have finally got rid of the $13 billion debt tied to Elon Musk’s 2022 buyout of the social media platform now known as X, the Wall Street Journal reported. Quoting sources familiar with the matter, WSJ said that investors purchased the remaining $1.2 billion in loans on […]