The number of banks experimenting with blockchain projects — or joining blockchain conglomerate initiatives — is growing by the day. In this report, we analyze the nascent use cases of financial institutions experimenting with distributed database technology, one of the most talked-about innovations in financial services. The initiatives of JPMorgan, IBM, UBS, Goldman Sachs, Bank of America, the DTCC, Nasdaq, Royal Bank of Canada and Deutsche Bank are among those discussed in detail.
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Several banks that boosted their capital bases this year saw their stock prices rise, a new analysis finds. The positive reception may drive more such activity.
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The Buffalo bank recently shelved in-house startup GrowGrade and folded another, Nota, back into the mothership.
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Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
December 27 -
A passivity agreement with the FDIC means that when the asset management giant Vanguard owns more than 10% of an FDIC-overseen bank, it can't seek certain levels of control over the bank's behavior.
December 27 -
The Seattle-based company's deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.
December 27 -
In a collaboration with Coinbase and Flexa, Regal theaters now accept on-chain U.S. digital currency payments for movie tickets and concessions; the Bank of Nova Scotia has completed its second investment in KeyCorp; Fiserv entered into a definitive agreement to acquire Canadian-based payments fintech Payfare; and more in this week's banking news roundup.
December 27