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Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced … Read more
There is no public demand for a central bank digital currency in Japan, according to Bank of Japan Governor Haruhiko Kuroda Go to Source Powered by WPeMatico
Major Japanese bank MUFG has denied local media reports that it will launch a digital currency in 2020 Go to Source Powered by WPeMatico
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and competition from … Read more
Nordea Bank can now officially bar its employees from owning cryptocurrencies, according to a court ruling Go to Source Powered by WPeMatico
Three major banks carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform Go to Source Powered by WPeMatico
SoftBank developed a debit card featuring a built-in blockchain wallet for crypto storage Go to Source Powered by WPeMatico
By 2020, German banks will be able to custody Bitcoin, if new proposed changes to the law are approved Go to Source Powered by WPeMatico
The Cardano Foundation launches ADA payment gateway, allowing merchants to accept payments in ADA with settlement in 35 fiat currencies Go to Source Powered by WPeMatico
Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency due to regulatory challenges Go to Source Powered by WPeMatico