Policy
FTX Acquired a US Licensed Bank with Just 3 Employees in a Questionable Deal: Report
FTX invested $11.5 million in Farmington State Bank, one of the smallest banks in the US worth just $5.7 million.
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33
News
Banks
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Banks
Policy
Banks Warned of Crypto Risks but Allowed to Engage: Statement
The joint statement issued today by FED, the FDIC, and the OCC highlighted many of the risks posed by cryptocurrencies to banking institutions, but ultimately told banks to carry on.
Banking
Credit Suisse Estimates $1.6B Loss After $88.3B Withdrawn in Bank Run
Credit Suisse is expecting a $1.6 billion loss in Q4 as investors continue to pull out investments and deposits from the bank at a rapid pace.
Best Stocks
SoftBank Posts $24.34bn Loss in Q2, Buyout Rumors Resurface
SoftBank posted a record loss in Q2 as rumors of a MBO arise once more.
FinTech
Crypto Trading Will Soon Reach 24M Clients via 650 U.S. Banks
Soon, NCR’s banking clients will be able to buy, sell, and exchange cryptocurrencies from their mobile apps.
Crypto
3 Ways the Pandemic Could Accelerate Bitcoin Adoption
As governments continue to create uncertainty, investors seek assets elsewhere.
FinTech
Hong Kong Banks Embrace FinTech and Reap the Benefits
Will banks in other jurisdictions follow suit?