A group of banking institutions in the world is conducting an investigation, which analyzes the possibilities of these institutions for issuing their own cryptocurrencies.
The study group is made up of the European Central Bank, the Bank of Japan, the Bank of Canada, the Bank of England, the…
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banks
Morgan Stanley closed 2019 with a 4% profit increase
The US bank Morgan Stanley closed 2019 with an attributable net profit of 8,512 million dollars, representing an increase of 4% over the previous year and a new record for the entity, which completes the presentation of annual results by…
Wells Fargo benefit fell 13% in 2019
The US bank Wells Fargo accounted for a net attributable profit of $ 17,938 million in the whole of 2019, which represents a 13% drop compared to the previous year, according to the results published on Tuesday by the entity.
The president…
Lagarde urges eurozone governments to coordinate fiscal stimulus plan
The president of the European Central Bank (ECB), Christine Lagarde, has argued that the application of a concerted plan of fiscal stimuli in the Eurozone would accelerate the growth of the region's GDP, which the issuing institute foresees…
BoFa showed a 21.3% decline in profits
Bank of America recorded a net attributable profit of $ 5,272 million between July and September 2019, representing a 21.3% decrease compared to the same period of 2018, after accounting for a negative impact of 2,100 in the third quarter…
The ECB injects 3,400 million in its first TLTRO-III auction
European banks have generally reduced their participation in this type of operations. In the first auction of the TLTRO-II program, almost 400,000 million euros were awarded and more than 500 entities attended. Although the interest rate…
Baton Systems raises USD 12 million to accelerate bank-to-bank payments
The California-based Financial Infrastructure contains high speed designed to apply strategies to improve efficiency, operability and risk reduction in payments, as well as to finance the rapid and continuous deployment of this technology…
Bitcoin becomes a protest tool in Hong Kong
An increasing number of businesses and individuals in Hong Kong are adopting cryptocurrencies for transactions as a result of protests against the government that already add up to 12 weeks and are severely affecting the economy and…
Crypto-crimes affect South Korea’s financial system
A recent report published in The Korea Herald, crimes with cryptocurrencies have increased to the point that they are causing severe damage to the South Korea financial system.
The publication includes the statements of the Minister of…
G7 focuses on the risks of cryptocurrency such as Libra
Stable cryptocurrencies, such as Libra - Facebook's digital currency - can boost financial inclusion and lower costs, but also boost "serious risks." So they must follow the highest regulatory standards to prevent them from being used to…
Bank of America registers profit with an increase of 10%
Bank of America recorded a net attributable net profit of 7,109 million dollars in the second quarter of the year, which represents an increase of 10% compared to the same period of 2018, according to the entity. They plan to distribute…
Benefits of Wells Fargo showed an increase of 20%
The US bank Wells Fargo accounted for a net profit of 6,206 million dollars in the second quarter of 2019, which is an increase of 20% over the same period last year, as reported by the entity on Tuesday.
The turnover of Wells Fargo…