Switzerland’s National Bank (SNB) has approved a wide swath of transactions involving central bank digital currency (CBDC), the country’s monetary authority announced. The Zurich-based regulator said...
After a couple of years in which corporate crypto strategies were driven more by hype and fear of missing out than focused strategies designed to...
Making the leap from concept to reality is no easy task for central banks mulling over how and when to launch central bank digital currencies...
Big U.S. bank bosses have been optimistic about the economic outlook as of this past week, but investors have been skeptical of the growth outlook,...
The honeymoon may be over when it comes to big banks and the pandemic economy. As The Wall Street Journal reported Friday (Jan. 14), fourth-quarter...
Wells Fargo posted fourth-quarter net income of $5.8 billion on Friday (Jan. 14), an 86% increase over last year’s $3.09 billion, according to the bank’s...
The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management...
The changing world of payments in 2021 led to a surge in new accounts, as companies ranging from FinTechs to insurance providers looked for ways...
A group of U.S. banks will offer its own stablecoin, USDF, as it tries to beat concerns about the reserves behind equivalents from nonbanks, according...