Tag: Bank’s

European Banks Struggle With Low Interest Rates and Strict Regulations

European Banks Struggle With Low Interest Rates and Strict Regulations Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate […]

Banks Are Cutting 75,700 Jobs Worldwide

Banks Are Cutting 75,700 Jobs Worldwide Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and […]

Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia

Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws […]

German Banks Authorized to Store and Sell Cryptocurrency in 2020

German Banks Authorized to Store and Sell Cryptocurrency in 2020 Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians […]

Survey: 58% of German Banks Charge Negative Interest Rates

Survey: 58% of German Banks Charge Negative Interest Rates Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for […]

Crypto Banks Gain Regulatory Recognition Across the Globe

Crypto Banks Gain Regulatory Recognition Across the Globe Traditional financial institutions are still leery about decentralized cryptocurrencies. They are only starting to explore the potential of digital assets. But a new breed of banks specializing in crypto have been working hard to take advantage of this trend and are gaining […]

QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices

QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the […]