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, Saturday, January 18, 2025 – The Bank of England (BoE) has announced the launch of the Digital Pound Labs, a sandbox initiative to test a potential central bank digital currency (CBDC), also referred to as a “digital pound.” In a Jan. 14 progress report, the BoE outlined potential use cases for a CBDC, business […]
Catenaa, Tuesday, November 26, 2024- Barclays has agreed to pay a £40 million ($51 million) fine imposed by Britain’s Financial Conduct Authority (FCA) over its failure to disclose payments made to Qatari entities during the 2008 financial crisis, reports said yesterday. The bank announced Monday it had withdrawn its appeal, seeking to end the 16-year-old […]
Catenaa, Saturday, January 17, 2025 – Bison, the crypto trading platform operated by Boerse Stuttgart Group, has added Deutsche Bank as a new banking partner, strengthening its banking options and safeguarding euro deposits for its customers. The Jan. 13 announcement highlights Deutsche Bank’s role in holding escrow accounts for Bison users’ euro balances, marking the […]
Catenaa, Wednesday, January 1, 2025 – The Federal Deposit Insurance Corporation (FDIC) and BlackRock Inc. are on a collision course over new regulatory compliance measures for large stakeholders in US banks. The FDIC has set a January 10 deadline for BlackRock, the world’s largest asset manager, to accept new oversight terms whenever it owns more […]
Catenaa, Friday, January 17, 2025- Goldman Sachs announced a strong performance for 2024, with net revenues of $53.51 billion and net earnings of $14.28 billion. The firm’s fourth-quarter results also exceeded expectations, reporting net revenues of $13.87 billion and net earnings of $4.11 billion. For the full year, diluted earnings per share (EPS) were $40.54, […]
Catenaa, Friday, January 17, 2025-JPMorgan Chase posted a record annual profit of $58.5 billion in 2024, driven by surging investment-banking fees and trading revenues amid a market rebound, the bank announced Wednesday. Fourth-quarter net income climbed 18% year-over-year to $14 billion, or $4.81 per share. Investment-banking fees jumped 49%, and trading revenues rose 21%, bolstered […]
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, Thursday, January 2, 2025 – A group of cryptocurrency advocates in Switzerland has launched an initiative aimed at requiring the Swiss National Bank (SNB) to hold bitcoin as part of its reserves, alongside gold. The proposal was published Tuesday by the Swiss Federal Chancellery, setting the stage for a potential nationwide referendum. The Chancellery […]
Catenaa, Friday, January 17, 2024 (Wrapup)-US banks posted strong Q4 2024 earnings as market activity rebounded. JPMorgan led with record profits, while Goldman Sachs highlighted revenue growth. Bank of America exceeded estimates with notable gains in investment banking and trading. Wells Fargo saw a sharp rise in profits despite flat revenue. Leaders cited strategic investments […]
Catenaa, Friday, January 17, 2025- Wells Fargo shares surged early this week following a strong earnings report for the fourth quarter of 2024, with the bank exceeding analysts’ expectations. The firm also raised its guidance for 2025, signaling confidence in continued growth. The bank posted a net income of $6.5 billion for the quarter, a […]