Tag: Banking

PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California. Shares in PacWest bank flash crashed by 27% on July 25 only to quickly recover in after-hours trading on the news it had merged with the Banc of California. PacWest Bancorp (PACW) stock slumped from $10.33 to $7.50 in…

Could the convergence of decentralized financial paradigms and neobanks make a difference in the financial industry? As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance. A quick Google search of the term “neobank” will bring up the 2007–2009 crisis for a good reason. In…

Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges. Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move comes amid two major global exchanges facing a lawsuit from the United States securities…

Cryptocurrencies are challenging the status quo of remittance services. Will they also shape the future of cross-border payments? In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated the market,…

CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank. Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia. The collapse of several U.S….

Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher. Compliance experts, investigators and regulators employ these blockchain analytical tools to better understand the patterns and entities in cryptocurrency transactions….