Tag: Banks

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Generic AI Falls Short for Banks: Glia’s New Benchmark Report Reveals the Power of Purpose-Built Tools

As regional financial institutions face rising technology costs and mounting pressure from megabanks and fintechs—which now capture 44% of all new checking accounts—the race...

Next week could spice things up for BTC as seven central banks face an inflation test

Next week could prove pivotal for markets, including bitcoin, as seven major central banks, including the powerful Federal Reserve, announce rate decisions amid war-driven...

The $300 billion digital dollar boom could eat into traditional banks’ profits, warn Jefferies analysts

There is a war going on between crypto firms and traditional banks over stablecoins, and Jefferies analysts said that they could become a steady...

Why banks are moving beyond single-provider stablecoin payment rails

Latest developments: Infrastructure providers are increasingly building network-based stablecoin payment systems instead of single-provider rails, said Borderless CEO, Kevin Lehtiniitty, in an interview on...

Wall Street Banks Weigh Lawsuit Over Crypto Banking Charters

In brief The Bank Policy Institute is weighing a lawsuit against the Office of the Comptroller of the Currency over its move to grant national...

US Banks Need Clear Crypto Rules to Stay Ahead, ex-CFTC chair says

US banks are the ones most in need of crypto regulatory clarity, according to Chris Giancarlo, former chairman of the US Commodity Futures Trading...

Circle shifts $68 million in internal payments via its own stablecoin to bypass legacy banks

Circle has begun using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers using USDC, CEO Jeremy Allaire...

Crypto Legislation Stalls As White House, Banks Clash

Talks over landmark U.S. cryptocurrency legislation have hit a fresh impasse after major banks rejected a compromise brokered by the White House,...

Eric Trump Says Big Banks Block Crypto Yield Products to Protect Profits From Low Savings Rates

Rising tension between Wall Street banks and crypto platforms is fueling debate over savings yields, with Eric Trump accusing major U.S. banks of lobbying...

American Bitcoin Adds BTC As Eric Trump Blasts Big Banks’ Crypto Lobbying

American Bitcoin, a bitcoin mining company backed by the Trump family, has expanded its corporate treasury to more than 6,500 bitcoin, placing...

UAE Central Bank Says Banks Operating Normally Amid Tensions

The United Arab Emirates’ banking system remains fully operational despite escalating regional conflict between the US, Israel and Iran, the country’s central bank said,...