Category: banking

JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’

JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […]

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BIS leader says central bank digital currencies could resolve ‘long-standing’ payments issues

Agustín Carstens, the general manager of the Bank for International Settlements, recently took the stage to promote central bank digital currency over other payments solutions.  Speaking virtually before the Peterson Institute for International Economics on March 31, Carstens broke down the various solutions available for bringing international payments up to speed with the modern era. […]

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Bitcoin is drawing in the banking world’s core customers, Fidelity exec says

Fidelity Digital Assets — the cryptocurrency division of multi-trillion asset manager Fidelity — is among the several firms riding the institutional bitcoin wave.  FDA, which launched amid a bitcoin bear market in 2018, offers trading and custody services to a wide range of institutional firms. On this episode of The Scoop, Fidelity’s Christine Sandler — […]

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JP Morgan adds crypto-friendly Signature Bank to its focus list

JP Morgan, the financial services giant that has prominent crypto clients such as Coinbase and Gemini, has put Signature Bank on its focus list.  A focus list involves which stocks the firm’s research department proposes as most promising. JP Morgan’s move to include Signature Bank suggests the bank can “ride the crypto wave,” JP Morgan […]

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Visa announces crypto partnership with neobank focused on services for Black communities

Visa announces crypto partnership with neobank focused on services for Black communities

Visa is partnering with First Boulevard, a digital bank focused on “building generational wealth” for the Black community, on a test of the payments giant’s new suite of crypto APIs.  First Boulevard will be the first to test Visa’s new suite of crypto APIs, which will enable customers to purchase, custody, and trade digital assets […]

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OCC puts fair access rule on hold as agency awaits new comptroller

OCC puts fair access rule on hold as agency awaits new comptroller

The Office of the Comptroller of the Currency (OCC) has announced that it put a hold on formally publishing a rule that seeks to push banks to provide fairer access to services. According to the Thursday announcement, pausing publication of the rule will allow the next Comptroller of the Currency to review it and take […]

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Why Europe’s open banking startups are so eager to partner with crypto wallet firms

Why Europe’s open banking startups are so eager to partner with crypto wallet firms

Quick Take Open banking in Europe and the U.K. has led to a rise in payments made directly from consumer bank accounts instead of relying on an intermediary. In the wake of Visa’s failed bit to acquire Plaid, open banking firms like Plaid are looking to partner with crypto wallet firms. This feature story is […]

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BlockFi Company Intelligence: Building a Neobank for Crypto

BlockFi Company Intelligence: Building a Neobank for Crypto

This research report is part of a new series produced by The Block Research to provide insights and due diligence on some of the leading companies in the digital asset ecosystem. This debut Company Intelligence report on BlockFi is free to read. Information included in this work comes from previous The Block Research work, The […]

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Panamanian Lawmakers to Hold Discussions on Regulating Cryptocurrencies in the Country

Panamanian Lawmakers to Hold Discussions on Regulating Cryptocurrencies in the Country

Panamanian lawmakers will start to analyze a draft bill that seeks to regulate cryptocurrencies in the nation. Local deputy (MP) Rolando Rodríguez presented the bill to the Commerce Commission of Panama’s National Assembly. Draft Bill’s Author: Panama Is Lagging Behind Other Countries in the Matter According to La Estrella de Panama, the MP is advocating […]

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