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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 … Read more
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government … Read more
With hundreds of millions of people excluded from the financial system, decentralized finance is being touted as the driving force behind the new economy #Sponsored Go to Source Powered by WPeMatico
Last spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that institutional interest is waning and new data that analyzed … Read more
Switzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies. Also read: New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals Crypto Index in Swiss Franc MV … Read more
You wouldn’t expect a traditional financial institution to come up with a very optimistic forecast about the future of a cryptocurrency or an honest appraisal of its design. But Bayern LB, a lender based in the rich German province of Bavaria, has surprised the crypto community. In a recently published research paper, the bank asks … Read more
Financial services firm Morningstar is developing a blockchain platform for debt securities Go to Source Powered by WPeMatico
The opinions on Facebook’s upcoming digital currency projects remain rather divided. Consumers are not necessarily smitten by this venture, nor are most governments. In Switzerland, however, things are done a bit differently. FINMA’s Mark Branson sees merit in this project and praises how everything is handled in a transparent manner. Mark Branson Likes the Libra … Read more
Spring Labs to create a property lien registry to track liens in energy-efficient loan market Go to Source Powered by WPeMatico
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and … Read more
