Latest News for: Bank assets

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Major Japanese bank to launch cryptocurrency custody business

Invezz 24 May 2022
Sumitomo Mitsui Trust Bank, a giant Japanese financial institution, has opted to join the cryptocurrency custody industry ... According to the reports, by the end of 2024, the biggest investment bank in Japan would integrate a variety of digital asset services under a single wholly-owned company with a workforce of around 100.
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European Central Bank President Christine Lagarde Says Crypto Assets Are Worth Nothing: Report

The Daily Hodl 24 May 2022
European Central Bank (ECB) President Christine Lagarde reportedly believes that crypto assets have zero value. According to a Politico report, Lagarde says cryptos are “worth nothing” and are merely speculative assets. “I have said all along the crypto assets are highly speculative, very risky assets ... So the central bank will be behind it.
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Cryptocurrency correlations are high, says the European Central Bank  

Cryptopolitan 24 May 2022
Therefore, the European Central Bank (ECB) has warned consumers and investors of this phenomenon ... The Central Bank has positioned itself clearly against crypto amid the risks associated with these assets. Recently, the bank emphasized its increasing correlation with conventional assets in the preview of its financial stability review.
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ECB: High Correlation Casts Doubt Over Crypto’s Usefulness in Portfolio Diversification

CryptoPotato 24 May 2022
The European Central Bank (ECB) has argued for the use of portfolio diversification in light of crypto declines’ tendency to echo other riskier assets ... Interactions between crypto-assets and the euro area banking sector have been limited, but the growing interest via ...
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JADAT: Sumitomo Mitsui Trust partners with Bitbank to launch cryptocurrency custody

Cryptopolitan 24 May 2022
Institutional investors will be able to more easily enter the Japanese digital asset market with the help of this company ... As of Q1 2022, Nomura managed $569 billion in assets, making it one of Japan’s 10 largest banks ... Blockchain technology and the growing digital asset business increasingly press the bank.
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First International Bank of Israel Presents First Quarter 2022 Results

Longview News-Journal 24 May 2022
TEL AVIV, Israel, May 24, 2022 /PRNewswire/ -- First International Bank of Israel (TASE. FIBI) one of Israel's major banking groups, today announced its results for the first quarter of 2022, ended March 31, 2022 ... The Bank continued its dividend policy, by which it distributes dividends of up to 50% of net income ... Return on average assets(1) ... Assets.
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Bank of Ireland to help fund smaller rivals as part of KBC deal

FX Empire 24 May 2022
DUBLIN (Reuters) – Bank of ... Bank of Ireland, the country’s largest bank by assets, agreed in October to a 5 billion euro deal to buy “substantially all” of KBC’s Irish performing assets as the Belgian financial group become the latest lender to leave the shrinking Irish market.
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Crypto's growth within traditional institutions will create contagion risk that threatens financial stability, ECB warns

Business Insider 24 May 2022
And traditional financial like banks, asset managers and other institutional investors are stepping up their exposure to digital assets, the ECB said, giving customers and clients stronger ease of access to trading that could further fuel crypto growth and increase risks.
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Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business

Bitcoin 24 May 2022
The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade custody for digital assets and NFTs. Sumitomo Mitsui Trust Bank to Enter Digital Custody Business ... However, the Japan Digital Asset Trust will also be offering a different product.
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Psbs To Pay ₹8,000 cr Dividend To Centre | Mint

Live Mint 24 May 2022
State-run banks have paid substantial dividends to their shareholders, many of them after a gap of nearly six years, as credit growth accelerated and asset quality improved ... The central bank’s stress tests showed that banks’ asset quality and capital buffers could be at risk again as regulatory forbearances given during the pandemic get wound down.
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Mercado Bitcoin partners with Stellar Development Foundation in the LIFT Challenge Real Digital by the ...

Longview News-Journal 24 May 2022
Mercado Bitcoin selected the Stellar network because it is the network of choice for other CDBC projects, stablecoin issuance, and financial asset tokenization due to its unique combination of speed, efficiency, security, and compliance ... Mercado Bitcoin is the largest cryptocurrency and alternative asset trading platform in Latin America.
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U.S. bank profits dip as loan loss provisions jump in response to global uncertainty – FDIC

Metro USA 24 May 2022
Bank profits were down 22.2% compared to the first quarter of 2021, and was driven by banks with over $10 billion in assets setting aside more funds to guard against loan losses ... That reserve growth was also primarily driven by larger banks with over $10 billion in assets, as only ...
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TerraUSD (UST), Tether (USDT) Not as Stable and Cannot Guarantee Their Peg at All Times ...

Ethereum World News 24 May 2022
The European Central Bank has published an informative new article on digital assets titled ‘Decrypting Financial Stability Risks in Crypto-Asset Markets’ ... The European Central Bank has published on digital assets amidst the current debate on their future, particularly in the European Union.
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Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun

Bitcoin 24 May 2022
With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldn’t come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far as to ...
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G7 calls for swift and comprehensive crypto regulation

The Times of India 24 May 2022
Regulation of crypto assets was one of the important topics discussed in the meeting. Finance ministers and central bank governors unanimously urged for a swift and comprehensive regulation of crypto assets, following the recent slowdown of the crypto market and the failure of stablecoins, LUNA and UST.

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