Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto By Cointelegraph
[ad_1] Despite plenty of regulatory action in the United States and an ongoing crypto winter, former TradFi executives, now in crypto, said there’s no desire...
Hong Kong govt pressures banking giants to accept crypto clients: Report By Cointelegraph
[ad_1] The Hong Kong Monetary Authority (HKMA), which serves as the region’s central bank and regulator, has reportedly put pressure on major banks, including HSBC...
HSBC to close New Zealand wealth and personal banking business By Reuters
[ad_1] © Reuters. HSBC Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -HSBC has decided to wind down...
Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks
““I do think that there will be issues with respect to commercial real estate.”” — Treasury Secretary Janet Yellen, in an interview Wednesday with CNBC’s...
SEC’s Gary Gensler Had Crypto in His Sights for Years. Now He’s Suing Binance and Coinbase.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law....
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’ By Cointelegraph
[ad_1] Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto...
Fed Minutes: Officials Uncertain More Rate Hikes
Minutes from the Fed’s May 2-3 meeting offered clues as to just how seriously officials considered holding interest rates steady. Anna Moneymaker/Getty Images Text size...
Janet Yellen told bank CEOs more mergers may be necessary, sources say
New York CNN — During Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be...
Revolut launches business offering in Australia, seeks banking license By Cointelegraph
[ad_1] Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down...
Bond Selloff Adds to the Pressure on Regional Banks: WSJ
Rising yields on debt threaten higher borrowing costs for lenders. Meanwhile, shares of regional banks were down, as PacWest said it lost 9.5% of total...