Banking Industry News
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Goldman Sachs CEO touts bank performance as some investors balk
NEW YORK, Jan 27 (Reuters) - To listen to Goldman Sachs Group Inc (GS.N) chief executive David Solomon, the bank is doing 'great,' while skeptical investors wonder what comes next. Days after Goldman reported disappointing profits that sent shares…
Deadly West Bank raid raises fears of Israeli-Palestinian conflict
The deadliest Israeli raid in the West Bank in decades has fueled fears of a dramatic escalation of violence in the region. Israel carried out airstrikes in Gaza early Friday after Palestinian militants fired rockets, a limited exchange that…
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India's top banks say Adani exposure within RBI limits but remain watchful
MUMBAI, Jan 27 (Reuters) - Some of India's leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the central bank, assuaging fears of default risks from their exposure to the conglomerate.
Analyzing Banking Data with PySpark
PySpark is the alchemist of big data, turning vast amounts of information into actionable insights and knowledge. PySpark's ability to handle large datasets makes it a valuable tool for data processing and analysis in the banking industry. In this…
Custodia Bank Denied Federal Reserve System Membership
The Federal Reserve Board has denied Custodia Bank's application for membership, claiming the crypto-focused institution's “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.”…
Wyoming crypto bank's Federal Reserve application denied
CHEYENNE, Wyo. (AP) — The Federal Reserve Board has denied a Wyoming cryptocurrency bank's application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry's attempts to build acceptance…
Banks Will Dominate Stablecoins, and 2 Other Predictions About the Future of Money
As blockchain technology continues to develop over the coming years, cross-border payments will prove to be a game-changing use case. In order to grow, the industry needs user adoption while users will embrace a technology that fills an actual…
Experts Explain How Gen Z's Interest in Crypto Will Affect the Future of Banking
Cryptocurrency, as far as Gen Z is concerned, has a place in the future of finance. GOBankingRates' Best Banks 2023 survey revealed that more than a quarter of Gen Z respondents think having their bank affiliated with a cryptocurrency exchange or…
Sensex, Nifty tumble over 1 pc on selling in banking shares, Reliance Industries
Massive selling in the Adani group stocks also added to the overall bearish trend. The 30-share BSE benchmark tanked 874.16 points or 1.45 per cent, its biggest single day slide in more than a month, to settle at 59,330.90. During the day, it…
Custodia, a crypto bank in Wyoming, denied membership in Federal Reserve System
At a time when regulators are scrutinizing the crypto industry like never before, digital assets bank Custodia hoped the U.S. government would welcome its compliance-first business strategy. The central bank saw it differently, however, and…
Crypto Bank Silvergate Suspends Dividend on Preferred Stock
Crypto-focused bank Silvergate Capital (SI) suspended dividend payments on its preferred stock as it seeks to preserve capital. The suspension affects its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, Silvergate said Friday.
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Why this money manager sees 'compelling' valuations for Canadian banks and energy
Please log in to bookmark this story. Create Free Account Sign up for the Globe Advisor weekly newsletter for professional financial advisors on our newsletter sign-up page. Get exclusive investment industry news and insights, the week's top…
Insana says there's more evidence of slowing inflation and other central banks are noticing
There is more evidence out Friday morning that the rate of inflation continues to slow. A closely watched measure of inflation, the full and core personal consumption expenditure deflator (PCE), within the personal income and spending data…
Tip for Trussell: New scheme launches to raise money for food banks
The Trussell Trust has launched a new scheme called Tip for Trussell, which encourages restaurants to add a £1 donation onto their guests' bills in order to support the charity 's network of UK-wide food banks. Working in a similar way to…
Judo Bank: Redefining the challenger bank
Judo Bank, an Australian-based challenger founded in 2016 is dedicated to providing support and capital to SMEs by turning traditional banking on its head. Challenger banks are newer, more specialised banks that often operate online through mobile…
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