US banking groups have urged the country’s banking watchdog to postpone its decision on crypto companies’ bank licenses until more details about their plans are public, claiming that allowing the…
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A new US dollar warning from Bank of America has professional investors scrambling right now, and the reasoning behind it is actually quite compelling. The Bank of America fund manager…
Sberbank, Russia’s largest bank and lender, says it plans to offer crypto custody services, according to a Thursday announcement. Like the US, Russia’s central bank has begun to soften its…
In brief
The bank's CEO, Moynihan, downplayed client interest in stablecoins, citing unclear regulation and unproven business value.
Rivals like Citi and JPMorgan are moving ahead with exploratory stablecoin initiatives.
Ongoing Congressional gridlock…
Bank of America (BAC) expects to launch its own stablecoin, following in the footsteps of JPMorgan and Citigroup. The bank’s CEO, Brian Moynihan, spoke about the development on Wednesday but…
Bank of America (BofA) is preparing to enter the stablecoin market, CEO Brian Moynihan said Wednesday, adding that the bank has already laid the groundwork and expects to act when…
In brief
Bank of England Governor Andrew Bailey expressed skepticism about the need for a digital pound, which has colloquially been referred to as "Britcoin."
He questioned why creating new money is…
The US Dollar’s collapse warning from Bank of America comes as the dollar actually suffers a dramatic 9% year-to-date decline, which is triggering concerns about currency stability right now. The…
On Tuesday, Citigroup (C) had its second quarter of 2025 earnings call.During the call, Ebrahim Poonawala, Head of North American Banks Research at BofA Securities, asked how Citi is using…