Banks News
BofA’s Moynihan Warns Interest-Bearing Stablecoins Could Drain US$6T From Banks
Moynihan said yield-paying stablecoins would act like money market funds, pulling deposits off bank balance sheets and reducing credit avail...
Brazil’s Biggest Bank Goes Orange-Pill: Itaú Partner Urges Bitcoin Allocation
A senior partner at Itaú Asset Management is urging investors to allocate 1%–3% of their portfolios to Bitcoin as a tool for diversificat...
US Regulator Clears Path for Banks to Offer Riskless Crypto Trading
The US Office of the Comptroller of the Currency has released guidance permitting banks to facilitate riskless principal crypto transactions...
Michael Saylor Urges Nations to Build Bitcoin-Backed Digital Banks With High-Yield Accounts
Speaking at the Bitcoin MENA event in Abu Dhabi, Michael Saylor has encouraged national governments to create high-yield, low-volatility, Bi...
France’s BPCE to Roll Out Crypto Trading to Millions of Retail Customers
France’s second-largest banking group will roll out crypto trading today via two of its banking apps, giving around 2 million customers th...
South Korea Moves to Impose Bank-Level ‘No-Fault’ Liability on Crypto Exchanges
South Korea’s FSC is considering rules that would force crypto exchanges to reimburse customers for losses from hacks or system failures, ...
BlackRock’s Fink and Coinbase’s Armstrong Signal a New Era as Global Banks Pilot Crypto
Coinbase CEO Brian Armstrong says some of the world’s largest banks are testing digital asset projects through Coinbase, signaling a sharp...
Taurus Partners With Everstake to Bring Enterprise Staking to Institutional Custody
Taurus integrates Everstake’s staking tech, enabling banks to stake major PoS assets while keeping custody control and meeting strict comp...
Ten Major EU Banks Unite to Launch Euro Stablecoin by Late 2026
A consortium of ten major European banks plans to launch a new MiCA-compliant EU-pegged stablecoin in 2026 through a new Amsterdam-based ent...
US Regulators Greenlight Banks to Hold Crypto for Paying Network Fees
Under new OCC guidance, national banks may maintain native crypto on balance sheets for both payments and internal platform testing. ...
Czech National Bank Dips Into Crypto With $1M Test Portfolio in Landmark Experiment
The Czech National Bank (CNB) has built a US$1 million (AU$1.53 million) digital-asset ‘test portfolio’ in what it describes as a contro...
J.P. Morgan Launches JPM Coin on Public Blockchain, Bringing 24/7 Bank-Backed Settlements to Institutions
J.P. Morgan launched JPM Coin (JPMD), an interest-bearing deposit token on the Base layer-2 network for institutional clients. It provides f...