Latest News for: Bank assets


India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million

Bitcoin 13 Aug 2022
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181) ... worth of assets ... Last week, ED announced that it has frozen the bank assets of Wazirx, a major crypto exchange in India.

ED freezes assets worth Rs 370 cr of Bengaluru firm

Beijing News 13 Aug 2022
Therefore, equivalent movable assets to the extent of Rs 367.67 Crore lying with Flipvolt Crypto-exchange in the form of Bank and payment gateway balances worth Rs 164.4 crore and crypto assets lying in their pool accounts worth Rs 203.26 crore, are frozen under PMLA, 2002, till complete fund trail is provided by the crypto-exchange.

US urged to release frozen Afghan funds

Russia Today 13 Aug 2022
Prominent economists from the US and elsewhere have called on Washington to return frozen central bank funds to Afghanistan. Washington should release the assets of the Afghan Central Bank it froze last year after the Taliban takeover and return them to the Afghan people, a group of more than 70 renowned economists said in an open on Wednesday.

ED stumbles upon China link in crypto asset detour by loan apps

The Times of India 13 Aug 2022
Startling facts on Chinese links to rogue loan apps diverting crypto assets are tumbling out ... TOI reported about the seizure of 370 crore worth assets, including bank balances, payment gateway balances and crypto balances of Flipvolt crypto exchange ... Later, bank internet ...

ED freezes assets worth Rs 370 crore of Bengaluru-based company in money laundering case

DNA India 13 Aug 2022
The assets were kept in wallets on the Flipvolt cryptocurrency exchange, bank accounts, and payment gateway balances ... Labs, which operates the well-known cryptocurrency exchange WazirX, and had given the company an order to freeze assets worth Rs 64.67 crore in its bank accounts.

Here's how Bengaluru firm used crypto route for money laundering, ED explains after raids | Mint

Live Mint 13 Aug 2022
... bank accounts were opened in the name of dummy Directors ... It said that Yellow Tune with the help of Flipvolt Crypto-Exchange assisted the accused fintech companies in avoiding regular banking channels and easily managed to take out all the fraud money in the form of crypto assets.

Charts have last word on US recession

China Daily 13 Aug 2022
The downward-sloping yield curve will also erode margins and curb bank lending ... Morgan Stanley's Betsy Graseck estimates that the three largest US banks, JP Morgan, Bank of America and Citi, may need to reduce their riskiest assets by more than $150 billion by the end of this year.

HC quashes B’luru firm’s petition against Yes Bank

The Times of India 13 Aug 2022
The Karnataka high court recently dismissed a petition filed by challenging Yes Bank’s withdrawal of credit facilities extended to it on the grounds of default, and its Rs 358.4 crore debt being classified as NPA (non-performing asset). Justice said that the bank’s response to the ...

Ujjivan Small Finance Bank: These services will not be available on net banking, mobile app on 15 August. Details here | Mint

Live Mint 13 Aug 2022
The reason for this is the pre-determined maintenance work of the bank's net banking facility ... There was significant reduction in bad loan proportion as the bank cut down the gross Non-Performing Assets (NPAs) to 6.51 per cent of the gross advances by end of Q1 FY23 from 9.79 per cent in the year-ago period.

5 things you must know before applying for a gold loan

Financial Express 13 Aug 2022
Gold is not just an ornament for decoration but one of the important financial assets against uncertainty and inflation ... In India, gold is a popular asset class among households as it exchanges hands during several traditional ceremonies across the country ... It helps you borrow money and reclaim your asset by paying back the loan.

ED freezes another crypto exchange’s bank assets; EarlySalary eyes $100M funding

The Economic Times 12 Aug 2022
A week after the ED froze crypto exchange WazirX’s bank assets worth Rs 64.67 crore, sources told us the agency had frozen the bank accounts of another crypto exchange, which contain almost six times as much money ... .

Banking industry performance defies economic downturn

B & FT Online 12 Aug 2022
The banking industry’s performance has defied the general economic downturn with strong growth across key metrics including total assets and deposits, as well as sustained improvement in profitability within the industry during the first half of 2022 ... These assets somewhat ...

Schwab Reports Monthly Activity Highlights

Eagle-Tribune 12 Aug 2022
Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors ... BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE.

More than 70 Economists Urge U.S. to Release Afghan Assets

Khaama Press 12 Aug 2022
... Laureate Joseph Stiglitz, urged Washington to release Afghanistan’s central bank assets, according to reports ... They urged foreign capitals needed to return the roughly $9 billion in Afghan central bank assets to Da Afghanistan Bank (DAB) to allow the economy to function.

Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder

Financial Express 12 Aug 2022
With roughly $9 trillion in assets under management for institutional clients, including central banks, BlackRock is the biggest asset fund manager in the world.Also Read ... Central banks on BlackRock’s client list can experiment with digital assets thanks to the company’s private bitcoin trust, noted Cryptoslate.

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