Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes the bank should add bitcoin to its reserves. A Reform […]
The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily tradable, given their use in international payments. Swiss National Bank on […]
First Hawaiian Bank (FHB) was recognized by Forbes magazine as the top-ranked Hawai’i bank on its 2024 Best Banks in America list and one of the top 50 most cybersecure banks in the U.S., furthering FHB’s legacy as Hawai’i’s leading financial institution. “We are honored to be recognized for the third consecutive year as Hawai’i’s premier bank on Forbes’ Best
OJ Simpson's Bank of America credit card has been auctioned off for more than $10k roughly two weeks after his death.
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
Global consultancy Kearney has today released the sixteenth edition of its annual European Retail Banking Radar, which tracks the performance of close to 90 retail banks across 21 European markets. The study found that higher interest rates fueled a record year for retail banks. However, it also warned that banks should be leveraging their current […]
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Vuong Dinh Hue was forced to resign for ‘violating party regulations.’
We are conducting a poll to see whether it's time to bring back compulsory military service
CNN Analysis by Zachary B. Wolf, CNN (CNN) — Prosecutors and defense lawyers for former President Donald Trump opened the New York criminal trial on Monday by laying out their opposing sides of the case. It’s clear that a main point of contention will be what occurred at a pivotal August 2015 meeting between Trump,