Xapo Bank becomes the first fully licensed bank to enable USDC deposits and withdrawals
Category: Banking
Banking category copy
‘Simplify’ yields top rank in customer satisfaction
Canadian Imperial Bank of Commerce has been an early adopter of digital technologies and the bank has been able to be a leader in North America:
Affluent Asian American and Pacific Islanders more likely to financially support aging parents: Study
Nearly 80% of Asian American and Pacific Islanders (AAPI) respondents ranked family as one of the most important aspects of their life, in a study “Diverse Viewpoints: Exploring Wealth in the APPI Community,” by Merrill Wealth Management.
BIS Innovation Hub Singapore and partners successfully connect IPS
BIS Innovation Hub Singapore and partners successfully connect IPS
Federal Reserve Board releases annual audited financial statements
The Federal Reserve Board has released the 2022 combined annual audited financial statements for the Reserve Banks. An independent public accounting firm engaged by the Board issued unqualified opinions, asserting that its audit found the financial statements for the Board and the Reserve Banks to be free of material misstatements in accordance with the applicable auditing standards. The Board released preliminary income and expense data earlier this year.
Mortgage rates continue to slide
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage (FRM) averaged 6.42%.
Fortifying Foundations- Harnessing Innovations – Yogesh Sangle
In this video, which is part of the payment leadership series, Babu Nair, Founder & MD of Financial Technology Frontiers, discusses with Yogesh Sangle, Global Head of Consumer Business at NIUM,
Bank of America announces redemption of Senior Notes due April 2024
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.
Coordinated central bank action to enhance the provision of US dollar liquidity
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.
SNB provides liquidity to support UBS’s takeover of Credit Suisse
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.