Commerzbank – DIGIT INFO

Commerzbank Partners With Deutsche Börse’s Crypto Finance to Expand Crypto Services

DIGIT — Fri, 20 Sep 2024 03:30:22 +0000

Commerzbank, one of Germany’s largest banks, has partnered with Deutsche Börse subsidiary Crypto Finance to offer secure bitcoin and ether services to its corporate clients. The collaboration focuses on seamless trading and custody solutions, ensuring regulated access to digital assets for select clients in Germany. This marks an important step towards broadening institutional crypto services […]

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Western Banks Face Major Asset Seizure in Russia Amid Gazprom Subsidiary Dispute

DIGIT — Sun, 19 May 2024 10:07:09 +0000

In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million of Unicredit’s assets, equivalent to about 4.5% of its […]

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Commerzbank granted crypto custody license in Germany

DIGIT — Wed, 15 Nov 2023 13:00:12 +0000

The German bank Commerzbank is the first full-service bank in the country to receive a crypto custody license from local regulators.

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German banking giant Commerzbank applies for crypto license

DIGIT — Thu, 21 Apr 2022 04:41:33 +0000

A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany.

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Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices

DIGIT — Wed, 26 Jan 2022 09:30:10 +0000

Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold One of the world’s largest […]

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Deutsche Börse and Commerzbank invest in new digital asset venture

DIGIT — Thu, 29 Apr 2021 15:00:00 +0000

Deutsche Boerse invests $12 million in new holding company 360X to develop blockchain-based digital marketplaces featuring NFTs.

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Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany

DIGIT — Thu, 04 Mar 2021 03:10:18 +0000

Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn Away Customer Deposits Banks in Germany have […]

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Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions

DIGIT — Tue, 03 Dec 2019 14:45:00 +0000

Three major banks carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform

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Deutsche Boerse, Commerzbank Settle Tokenized Securities Using DLT

DIGIT — Wed, 23 Oct 2019 12:40:00 +0000

Deutsche Boerse, Commerzbank and MEAG complete a post-trade securities transaction using blockchain technology

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Major German Coop Bank Passes Negative Interest Rates to Customers

DIGIT — Wed, 09 Oct 2019 07:40:58 +0000

One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.” Also read: Massive […]

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