Circle Wins Approval to Launch National Digital Asset Bank
Circle, a U.S.-based compliant fintech entity, has gained regulatory approval from the Office of the Comptroller of the Currency (OCC). The U.S. OCC has granted…
Posts Tagged: Bank
Australian Commonwealth Bank Launches Dedicated Tech Hub in Seattle
Australia’s Commonwealth Bank, or CommBank, as it is also known, recently announced the launch of a new dedicated Tech Hub based in Seattle. The goal…
Citigroup Mistakenly Sent $81 Trillion to Customer
Citigroup sent $81 trillion to a customer’s account last year instead of $280. The bank took hours to fix the mistake. The error occurred in…
Myanmar Set to Launch First Cryptocurrency-Only Bank on July 22
To strengthen its financial resources, Myanmar is to witness the soft start of its first-ever cryptocurrency-only bank on July 22. The National Unity Government (NUG)…
Italian Banking Authority Urges Strong Stablecoin Regulation to Prevent Run
In a recent development, Italy’s top banking authority has suggested the adoption of a strict and risk-based regulatory framework for stablecoins. This proactive strategy aims…
ECB’s Hawkish Stance Boosts EUR/GBP to 0.8600 amid UK’s Economic Outlook Concerns
During the London trading session, the EUR/GBP exchange rate approached the essential psychological milestone of 0.8600. As a result of Christine Lagarde’s hawkish comments in…
Credit Suisse Reveals it Lost $68 Billion in Q1 2023 as Outflows Continue
Credit Suisse has revealed that it lost 61 billion Swiss francs, equivalent to $68 billion, during the first quarter of 2023. The troubled lender has…