Browsing: banks

China’s state banks reportedly buy dollars to slow yuan surge as USD/CNY hits 7.06 China’s biggest state-owned lenders stepped into…

UK Treasury Urges Major Banks to Publicly Back Budget, Spotlight Lending to First-Time Buyers and SMEs The UK Treasury has asked leading lenders to issue prominent public support for the government’s upcoming Budget, encouraging banks… (via Bpaynews real-time desk)

In the ever-evolving landscape of financial technology, digital banks and cryptocurrencies are two of the most significant innovations that have transformed how individuals manage their finances. Recently, the debate over whether people prefer digital banks… (via Bpaynews real-time desk)

US Banks Can Now Hold Crypto for Gas Fees: A Strategic but Limited Move In a pioneering stride toward bridging conventional financial systems and the burgeoning world of digital currencies, US banks have been given… (via Bpaynews real-time desk)

Headline: APRA cautions lenders: keep mortgage standards tight as competition heats up Introduction: Australia’s banking watchdog has signaled a clear message to the nation’s biggest lenders: don’t loosen mortgage credit standards as interest rates ease… (via Bpaynews real-time desk)

Banks’ Capital Rules The chair of the Basel Committee has stated that the capital regulations for banks holding cryptocurrencies need to be revised. This statement reflects ongoing concerns about how banks manage their exposure to…

The Office of the Comptroller of the Currency (OCC) has granted banks permission to use cryptocurrency to cover network fees. This decision marks a notable shift in regulatory approach towards digital currencies in the banking… (via Bpaynews real-time desk)

Treasury Department Greenlights Banks for Limited Crypto Holdings on Balance Sheets In a landmark decision, the U.S. Treasury Department has announced that banks will now be allowed to hold cryptocurrencies on their balance sheets under… (via Bpaynews real-time desk)

The U.S. Office of the Comptroller of the Currency (OCC) has provided guidance on how banks can manage network gas fees associated with digital transactions. This clarification aims to ensure that financial institutions can effectively…

Morning Minute: Aave Takes Aim at Banks, Fintechs with New Aave App In a significant move designed to reshape the financial landscape, Aave, a frontrunner in the decentralized finance (DeFi) sector, has announced the launch…