Above Photo: A worker finalizes details to start the production at the recently inaugurated CIGB Industrial Biotechnological Complex in Mariel, Cuba, on November 5, 2021. Yander Zamora / AFP via Getty Images. “A European bank, established in the Netherlands, has decided to put the interests of the U.S. government above the lives of millions of people.” Progressive International recently asked for contributions so they can send a delegation to Havana next week to promote Cuba’s effort to vaccinate the world against Covid-19. But in an apparent genuflection to the illegal U.S. embargo against the island, Dutch multinational bank ING has blocked all donations supporting the trip, […]
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Above photo: The World Bank building in Washington, April 5, 2021. Andrew Harnik/AP. As the Omicron variant of COVID-19 rips through the world’s population, the World Bank has forecast slowing global growth for 2022 as well as the following year in its Global Economics Prospects report issued on Tuesday. While it was certainly not its intention, the report is an exposure of the claims by capitalist governments that no serious public health measures can be undertaken to eliminate the pandemic because they would be detrimental to the “economy.” In fact, as the figures in the report make clear, the policy of “let it […]
Above Photo: Federal Reserve Chairman Jerome Powell. (Federalreserve / Flickr) A question now on many economists’ minds is whether the United States should have its own CBDC. A compelling case for it is made by Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency. Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, is in favor of a CBDC and has made a strong […]
Every Major Bank Has Now Ruled Out Funding Arctic Drilling December 4, 2020 Every Major Bank Has Now Ruled Out Funding Arctic Drilling2020-12-042020-12-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/arctic.png200px200px Above photo: Imagine wanting to drill for oil in a place this gorgeous. Steven Chase/U.S. Fish and Wildlife Service/Getty Images. We got another one. On Monday evening, Bank of America said that it will no longer finance fossil fuel exploration in the Arctic, joining Goldman Sachs, Morgan Stanley, Chase, Wells Fargo, and CitiBank, which all announced similar policies this year. That means no major U.S. bank will fund oil and gas production in the region anymore. The news follows years of […]
A Puerto Rico-based bank founded by gold bug and long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion for “high-risk” clients. According to reports on Saturday by several large media organizations in Australia and the U.S., Schiff’s Euro Pacific Bank has become the focus of a major global tax evasion investigation dubbed “Operation Atlantis.” Hundreds of account holders at the bank, including 100 Australians considered “high risk,” are now being investigated over possible tax evasion and money laundering. These reportedly include Simon Anquetil, the man behind major Australian tax fraud Plutus Payroll, and Australian entrepreneur and […]
The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks. Source link
BERLIN (Sputnik) – Germany, France, Italy, the United Kingdom and Spain have expressed concern about Israel’s plans to built nearly 5,000 housing units in the occupied West Bank and called on Tel Aviv to stop all settlement-related activities in the region, according to the joint communique by the foreign ministries of these states. “We are deeply concerned by the decision taken by the Israeli authorities to advance more than 4,900 settlement building units in the occupied West Bank. The expansion of settlements violates international law and further imperils the viability of a two-state solution to bring about a just and lasting […]
Secretary-General of the Arab League Ahmed Aboul Gheit has condemned Israel’s move to approve the construction of around 2,000 new housing units in the settlements of the occupied West Bank. In comments released on Thursday, Aboul Gheit noted that the resumption of illegal settlement activity comes despite the Israeli government’s claims that it is seeking peace in the region. The approvals remain a formidable obstacle to the implementation of a two-state solution to the conflict between Israel and the Palestinians, he said. “[The] Netanyahu government’s insistence on moving forward with settlement activity to satisfy the extreme right wing reflects its rejection […]
The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital currencies (CBDCs) and found “no strong public policy case” for introducing a general use version of the Australian dollar. “Even though the use of cash for transactions is declining, cash is still widely available and accepted as a means of payment,” he said. “In addition, Australian households and businesses are […]
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Seven (G7) — an organization of finance ministers and central bank governors representing the United States, Canada, United Kingdom, Germany, France, Italy and Japan — said in a report last week that it is working with the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) to formalize the use of central bank digital currencies (CBDC) in banking systems. According to a new report released today, by the end of 2022, the […]
Bank of Japan Governor Haruhiko Kuroda said Monday that the central bank will begin experiments on a digital yen in the spring. Source link
Chen Yulu, deputy governor of the People’s Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation’s financial infrastructure. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Since the outbreak of the COVID-19 pandemic India’s apex bank, the Reserve Bank of India, has infused liquidity worth $125 billion into the economy to stabilise financial markets. Central banks the world over have pumped $9 trillion into the global economy amid the pandemic. India’s apex bank RBI on Friday said the country’s economic growth, measured as Gross Domestic Product (GDP), is likely to contract by 9.5 percent in the current financial year (April 2020-March 2021). The growth projections were made by the Reserve Bank of India (RBI) Governor Shaktikanta Das while announcing the key lending rates, which remained unchanged […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
U.K. based fintech bank Revolut has partnered with Fireblocks, a digital asset transaction and storage platform, to provide a secure payments infrastructure for the digital bank’s new cryptocurrency services. Announced Thursday, Revolut will use Fireblocks’ wallet and network infrastructure when it offers new crypto services for its 13 million global retail customers. Source link
https://cdn1.img.sputniknews.com/img/105761/07/1057610789_0:285:5472:3363_1200x675_80_0_0_79823f32074cc2480ee3d19227cebedf.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/uk/202010081080709687-uk-banking-system-is-able-to-prop-up-economy-amid-covid-19-pandemic-bank-of-england-says-/ MOSCOW (Sputnik) – UK banks are capable of providing support for the country’s businesses and households amid the COVID-19 pandemic, the Bank of England said on Thursday. According to the UK central bank, the recent spike in the coronavirus infection and health measures introduced could undermine the already strained situation for many people. “Since the global financial crisis in 2008, we’ve taken actions to strengthen the UK financial system. As a result, UK banks are strong enough to keep supporting households and businesses through this difficult period,” the Bank of England said in a […]
The Indian economy nose-dived between April and June this year, with gross domestic product growth contracting 23.9 percent in the quarter that saw a strict lockdown due to the pandemic. In January – March this year, the country witnessed GDP growth of 3.1 percent. Maintaining that the South Asian economic situation is worse than ever, the World Bank on Thursday said India’s gross domestic product (GDP) is expected to contract by 9.6% in the current financial year (April 2020 – March 2021) due to the national lockdown and pandemic shock. In its latest report – South Asia Economic Focus – released […]
An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300 consumer digital wallets and 8,859 corporate digital wallets for residents of Shenzhen, Suzhou and Xiong’an to pilot a digital yuan. The digital wallets processed RMB 1.1 billion ($162 million) across 3.1 million digital yuan transactions between April and August when the pilots launched and ended, Fan said, making it the most widely used central bank […]
Building an anonymous central bank digital currency (CBDC) presents security risks – not only to the issuer but to the users themselves, says the Bank of Canada. Source link
As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash. Our main discussion: central bank coins and financial privacy. The EU recently released a new research paper on a possible digital euro. Like many other official central bank reports, it assumes there is no possibility of an anonymous digital bank currency. NLW dissects arguments from people including JP Koning and CoinCenter’s Jerry Brito on why this shouldn’t be true. Source link
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country’s e-government system, in supporting a central bank digital currency. Source link
A new report by the World Bank reveals that Covid-19 delivered a “triple shock” to the developing East Asia and Pacific region, with as many as 38 million people expected to remain in, or be pushed back into, poverty as a result. It is the first increase in poverty in the region in two decades, according to the findings. The bank defined the poverty line as income of $5.50 a day. The East Asia and Pacific (EAP) region includes China, Southeast Asian countries and the Pacific Islands, such as Fiji and Samoa. India and other South Asian countries don’t feature in the […]
by Fabio Giuseppe Carlo Carisio for VT Mediterranean The reportage written by Hala Nouhad Nasreddine for Middle East Monitor is a truly disturbing one. It is a detailed investigation that connects the financial scandal on money laundering and the money transaction for very suspicious transactions revealed by the documents of the dossier called FinCEN Files and revealed by Buzzfeed. Operations they would have helped to fund criminal groups, oligarchs and shady characters, drug trafficking cartels and even terrorist organizations. Such as ISIS, for example. The institutions targeted, according to a large body of internal documents of banks and authorities that have […]
The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month. “The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash,” the central bank said. Source link
A former assistant at a well-known New York City investment bank sued her previous employer on Tuesday, alleging she was wrongfully terminated in August after complaining about walking in on one of her bosses masturbating in the conference room. Logan Williams, a former member of the United States Coast Guard, filed the suit against Marathon Capital in Manhattan federal court, claiming she endured a “discriminatory and sexually hostile work environment” during her one-year tenure. She claimed the firm’s CEO, Ted Brandt, threatened to fire her for speaking out against the mistreatment and is seeking damages and a jury trial. “Contrary to […]
Germany’s largest lender, Deutsche Bank, appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged by the US government between 1999 and 2017. According to broadcaster Deutsche Welle (DW), some $1.3 trillion of $2 trillion in leaked transactions that occurred between 1999 and 2017 and were flagged as suspicious passed through Deutsche Bank. DW cited documents obtained by BuzzFeed News and shared them with the International Consortium of Investigative Journalists. The documents revealed that five major banks (Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan and Standard Chartered) processed trillions of dollars of transactions identified as suspicious. […]
This week Kraken Financial became the first crypto company to receive a banking charter under Wyoming’s Special Purpose Depository Institution statute. Join CEO David Kinitsky for a look at what it all means and how it’ll work with hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy. In the early days of Bitcoin, there were no rules, or at least none that people understood. The first batch of companies were focused entirely on functionality; Simply making things possible that before crypto had been impossible. In the aftermath of the collapse of first MTGox and then later TheDAO, it became obvious […]
Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters. On this edition of The Breakdown weekly recap, NLW looks at: DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check The Fed has no clothes – After another FOMC meeting of “nothing new,” the mirage of Federal Reserve omnipotence is fading TikTok and WeChat banned from U.S. app stores – Is it just a negotiating technique? Whatever the case, people are not happy Kraken becomes a bank […]
A Cold War Power Play At The Inter-American Development Bank By Yj Liao, Qiao Collective. September 18, 2020 A Cold War Power Play At The Inter-American Development Bank2020-09-182020-09-18https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/iadb.png200px200px The election of former Trump advisor Mauricio Claver-Carone as president of the Inter-American Development Bank is a sign of the Trump administration’s intent to turn Latin America into an unwilling partner in the New Cold War on China. Having launched his presidential campaign by labeling migrants from south of the U.S.-Mexico border as “rapists and criminals,” Latin America was perhaps one of the last places President Donald Trump expected to rely on as […]
Uniswap issued a governance token, Kraken is the world’s first crypto bank and there are more “newbie” bitcoin investors than any time in the past two years. Top shelf Crypto’s bankKraken Financial, a newly formed division of the popular crypto exchange, has become the first firm to receive a special type of charter making it a bank. On Wednesday, the Wyoming Banking Board approved the exchange’s application for a special purpose depository institution (SPDI) charter – making it a licensed bank in the state, replete with access to federal payments infrastructure and opening the doors to issuing digital-asset debit cards and savings accounts […]
Under the partnership, Anchorage will provide crypto custody services to Jewel, which is applying for its full bank license in Bermuda. Source link
Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in the state since 2006. “By becoming a bank we get direct access to federal payments infrastructure, and we can more seamlessly integrate banking and funding options for customers,” said David Kinitsky, a managing director at Kraken […]
https://cdn1.img.sputniknews.com/img/106834/58/1068345846_0:120:1280:840_1200x675_80_0_0_60b41f57ae698df2453f4501c713151d.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Ashutosh Kumar. Sputnik International https://sputniknews.com/india/202009151080459685-asian-development-bank-predicts-9-contraction-in-indian-economy-this-year-due-to-covid-19/ Indian Prime Minister Narendra Modi announced a $266 billion stimulus package on 12 May to help the nation’s industrial sector and economy overcome the disruptions caused by the COVID-19 pandemic. The Asian Development Bank (ADB) on Tuesday said the Indian economy will witness a contraction of 9 percent due to the difficulties caused by the ongoing COVID-19 pandemic. “India’s gross domestic product (GDP) growth for fiscal year (FY) 2020 ending on 31 March 2021 is forecast to contract by 9 percent as the pandemic weighs heavily on economic activity and consumer sentiment […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The new report comes on the heels of predictions by market analysts and hedge funds that the US dollar could lose over a third of its value against the euro and slide against other currencies in the coming months owing to poor US economic performance and ballooning debt in the wake of the coronavirus crisis. The world is “on the cusp” of a new era marked by instability, disorder and the fragmentation of the previous period of globalization, Deutsche Bank, the largest bank in Germany and one of the largest financial institutions in the world, has predicted in a new report. […]
“A pandemic-led acceleration of adoption.” That’s how Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on cryptocurrencies published in August. It’s interesting to hear such an observation from a respected multinational bank and its chief economist, Taimur Baig. However, there have lately been murmurings about certain large financial institutions – particularly in places like Singapore, Switzerland and Germany – fielding a new wave of demand for crypto, filtering through from smaller private banks and wealthy clients. On the subject of cryptocurrencies like bitcoin (BTC), Baig identified two distinct phases of demand: pre-pandemic and post-pandemic. “Pre-pandemic […]
Peer-to-peer cryptocurrency payments are now live on Ziglu, a week after the app-based platform got its EMI license from a U.K. watchdog. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The explosion that ripped through Beirut on 4 August aggravated Lebanon’s economic crisis and fuelled anti-government sentiment, which led to an early departure of the prime minister and his cabinet. The Beirut explosion caused between $3.8 billion and $4.6 billion in physical damage to the Lebanese capital, according to the World Bank’s preliminary assessment. The bank estimates that the additional decline in economic activity following the devastating blast was between $2.9 billion and $3.5 billion. Housing, transport and cultural assets are thought to be among the worst-hit sectors. Lebanon is estimated to need from $1.8 billion to $2.2 billion for public […]
Signature Bank extended dozens more loans under the federal Paycheck Protection Program (PPP) to cryptocurrency businesses than was previously reported. Around $20 million of the $1.9 billion in PPP loans the bank extended was given to roughly 40 firms in the digital asset space, said CEO Joseph DePaolo. The executive would not name the firms it gave PPP loans to or give an exact number of firms who took out a loan through the relief program. (Signature’s $1.9 billion in loans accounts for roughly .55% of the entire $350 billion that was disbursed through the U.S. Small Business Administration.) Public records […]
A major bank quietly opened up a wallet service for China’s central bank digital currency to public users – but quickly disabled it after the feature gained widespread attention. Around noon on Saturday local time, users of China Construction Bank (CCB), one of the big-four state-owned commercial banks, started to notice that a central bank digital currency wallet feature was available inside the bank’s mobile app. By searching “digital currency” in Chinese, users of the app could navigate to the digital yuan wallet service and further activate it by registering with a mobile phone number associated with their bank accounts at CCB. […]
Reginald Fowler, the ex-Minnesota Vikings owner accused by U.S. prosecutors of running a cryptocurrency “shadow bank,” stashed funds over a global network of bank accounts, according to a filing today. Prosecutors say the funds are subject to forfeiture. Source link
WASHINGTON (Sputnik) – The US House Intelligence Committee plans to issue a revised subpoena to Deutsche Bank for President Donald Trump’s business and personal records to reflect a recent Supreme Court ruling, Committee Chair Adam Schiff said in a press release on Wednesday. “Although not required by the Supreme Court’s opinion, the Committee will voluntarily narrow its subpoena to those records that are absolutely necessary to satisfy the Committee’s investigative needs and to fulfill the Committee’s legitimate oversight and legislative objectives,” Schiff said. The Supreme Court ruled that Congress can subpoena a US president’s financial records for legitimate legislative and oversight […]
Expobank, the former Russian subsidiary of global investment bank Barclays has followed Silvergate and issued out a loan that uses tokens, in this case, WAVES, as collateral. The loan was made to an entrepreneur and tax consultant, Mikhail Uspensky, who bought WAVES in 2018 for a planned initial coin offering (ICO). When that fell through he tried staking them, before ultimately deciding to negotiate a token-collateralized loan with Expobank – who, it turns out, was receptive to experimenting with new loan issuances. The tokens are now being held by a third-party notary. The loan amount, as well as the terms of […]
Ferrari sells cars so it can go racing; Bequant built a crypto exchange to get into prime brokerage. That’s the analogy offered by the firm’s head of institutional services, Alex Mascioli, when asked about a new banking relationship with Signature’s blockchain-based payments platform, Signet, first revealed to CoinDesk this week. Prime brokerage, Mascioli said, was always Bequant’s race to win. Prime brokers are facilitators for financing and trading for deep-pocketed institutional investors. While the digital asset space doesn’t have a lot of prime broker options currently, several crypto firms including Coinbase, BitGo and Genesis Trading have announced in recent months their […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Israeli Prime Minister Benjamin Netanyahu has expressed frustration over stalled plans to annex the West Bank, blaming the hold-up on Washington’s reluctance to approve the move. “It was clear from the start that the application of sovereignty would be done only with agreement from the United States. Otherwise, I would have already done it a while ago,” Netanyahu told Israel’s Channel 20. He claimed that US President Donald Trump was now “busy with other things” and that “issues of importance to Israel” were not a top priority for Washington at the moment. The annexation, which is part of Trump’s ‘peace plan’ […]
Critics of President Donald Trump are again convinced the ‘walls are closing in’ on the US commander-in-chief, excited by reports that his bank complied with a subpoena from New York prosecutors as part of a broad criminal probe. The New York Times reported on Wednesday that prosecutors looking into Trump’s tax records had subpoenaed his decades-long lender, Deutsche Bank, sometime last year, suggesting the document request was part of an investigation larger in scope than was previously known. The bank reportedly complied with the subpoena, handing over “detailed records, including financial statements and other materials that Mr. Trump had provided to […]
A gunman killed the son of Federal Judge Esther Salas and the suspect who was dressed in a FedEx uniform during the attack; has prompted Judge Salas to call for increased security for judges and their families. Judge Salas has presided over an ongoing lawsuit brought by Deutsche bank investors who claimed the company failed to monitor “high-risk” customers which included convicted sex offender Jeffrey Epstein who allegedly committed suicide while in prison. Judge Salas expressed, “While my husband is still in the hospital recovering from his multiple surgeries, we are living every parent’s worst nightmare: Making preparations to bury our […]
https://cdn1.img.sputniknews.com/img/104701/10/1047011096_0:285:5472:3363_1200x675_80_0_0_afbf4dbf15014d6dafad69ae062d132c.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080049777-us-prosecutors-reveal-trump-financial-probe-may-include-bank-insurance-fraud/ Tropical Storm Isaias isn’t the only tempest bearing down on New York: court filings by state prosecutors on Monday revealed their investigation into the finances of US President Donald Trump includes probes into other possible financial crimes, such as insurance fraud and bank fraud, and not just hush money payments. In a new filing made at the US District Court for the Southern District of New York on Tuesday, Manhattan District Attorney Cyrus Vance Jr. argues Trump’s legal team is mistaken in claiming that their investigation into the president’s financial records is limited to […]
The bank previously announced it would cut at least 35,000 of its 235,000 staff as part of a major restructuring, but the plan was put on hold amid the pandemic. At least 1,000 of those redundancies were planned for the UK. The British bank HSBC published its pre-tax profits on Monday, showing just $4.3 billion in revenue, compared to $12.4 billion for the same period last year. The bank, which sees a major share of its profits come from Hong Kong, was hit by both the coronavirus outbreak and the unrest in the autonomous region over Beijing’s national security law in […]
Daily Beast: Deutsche Bank has opened a probe into Donald Trump and Jared Kushner’s personal banker, Rosemary Vrablic, over her 2013 purchase of a New York City apartment from a company part-owned by the president’s son-in-law, The New York Times reports. Vrablic and two of her co-workers in the private-banking division bought the $1.5 million Park Avenue pad in June 2013 from Bergel 715 Associates, in which Kushner held an ownership stake, according to the newspaper. The deal went through while Trump and Kushner—who have secured around $190 million in loans from Deutsche Bank—were her clients. Exclusive: @DeutscheBank is launching an internal […]
The central bank’s most senior economist now runs the department responsible for the digital currency task force and working group with other central banks. Source link
The World Bank offered Belarus a $940 million coronavirus loan in June. But the conditions included that they lock down and destroy their economy. The World Bank wanted him to lock down like Italy did in March and April. The Belarus President Aleksander Lukashenko, considered the last tyrant in Europe, turned down the offer.Then he went public with the details. It makes you wonder how often this happens to less prosperous nations. TRENDING: TGP at Tech Hearing: Rep. Greg Steube Grills Google CEO on Why Google Is Hiding Gateway Pundit — Steube Demands Evidence Within 2 Weeks! (VIDEO) We saw Joe […]
Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday. Source link
Trash-talking QAnon conspiracy theorist Tommy Gelati has a long list of celebrities he thinks belong in prison—or who might secretly be there already. Using a verified Twitter account with more than 230,000 followers and a hugely popular podcast, Gelati, who goes by the alias “Tommy G” online, has whipped up QAnon conspiracy theory mobs against celebrities like Chrissy Teigen and companies like online furniture store Wayfair. He promises that prominent figures in the Democratic Party and Hollywood will soon be arrested in a wave of that mass detention QAnon believers call “The Storm.” He’s claimed that top celebrities torture children for […]
Bitcoin Suisse said some of the funding will go on new product offerings if its banking license applications are successful. Source link
https://cdn1.img.sputniknews.com/img/07e4/07/19/1079980281_0:0:1601:900_1200x675_80_0_0_875696fb3d234ba748527c565d3e3590.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/latam/202007251079980310-ceo-of-banco-do-brasil-rubem-novaes-resigns-to-ensure-banks-renewal/ RIO DE JANEIRO (Sputnik) – Rubem Novaes, CEO of Banco do Brasil – the largest Latin American bank in terms of assets – has announced his resignation to ensure the company’s renewal. Novaes said in a statement on Friday that he had asked Brazilian President Jair Bolsonaro and Economy Minister Paulo Guedes for resignation starting from August “understanding that the company needs renewal to meet future innovations in the bank system”. Rubem Novaes has publicly defended the bank’s privatization in recent months, local media reported. Novaes has been heading Banco do Brasil since 2018, […]
The Czech National Bank’s Tomas Holub said in an interview that central bank digital currencies raise more questions than answers right now. Source link
Bitbond, a Germany-based firm that provides blockchain enabled tokenization services, announced on Tuesday that it had become a member of the German bank association Bankenverband. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Bank of France’s central bank digital currency (CBDC) experiments are moving forward with eight candidate firms picked to begin work “in the coming days,” the central bank said in a press release Monday. Source link
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen. Source link
VT: Our sources say this is a Mossad hit on a Federal Judge who could put the entire Trump family behind bars. There is no doubt, follow the Twitter Storm, all the media has it, this is a Trump ordered murder and a botched Mossad hit. Trump has a half billion in loans coming due. They may be his biggest conflict of interest yet. https://t.co/c1vcUU9ETy via @MotherJones Trump owes Deutsche Bank half a Billion; Trump + Epstein into Deutsche that Judge Salas investigating; now her son is dead. #CuiBono? — Wat Tyler (@WatTyler5) July 20, 2020 If you had any doubt […]
The crypto lending platform has hired banking veteran Jonathan Mayers as general counsel in a bid to stay ahead of the regulatory curve. Source link
Switzerland’s licensed crypto-first bank SEBA and Corda-based Digital Asset Shared Ledger (DASL) announced a new partnership on Wednesday letting the bank offer asset securitization services on Corda’s public network. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a “limited” financial tool. Source link
Randall Joseph Smail faces up to 30 years in prison for lying to a bank about having $640,000 in bitcoin to get a loan. Source link
DiDi, the Chinese equivalent of Uber, is forming a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform. A spokesperson of the Chinese ride-hailing mobile service told CoinDesk in an email response that it has entered into a strategic partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC) in an effort to accelerate the application of the CBDC, known as Digital Currency Electronic Payment, or DCEP. “Under PBoC’s overall DCEP strategy and operation timeline, DiDi’s DCEP taskforce will design and implement pilot DCEP projects in accordance with […]
Corrupt Obama Judge Amy Berman Jackson declined Roger Stone’s plea and ordered him to report to prison on July 14th. This is the same prison that has a coronavirus outbreak so bad the government just released a convicted pedophile and a convict who committed bank and wire fraud due to the danger. As we reported on Saturday, on June 26th Judge Amy Berman Jackson ignored the substance of Stone’s motion to either delay his surrender date or mandate home confinement due to the dangers of Coronavirus and ordered him to report to prison on July 14. In essence, Judge Jackson gave […]
Israeli Prime Minister Benjamin Netanyahu has set a date of July 1st to begin Israel’s annexation of major parts of the Occupied West Bank. A group of 47 independent UN legal experts call the annexation plan “a vision of a 21st century apartheid.” Author and scholar Norman Finkelstein argues that Netanyahu is exploiting a brief window of opportunity under Trump and will use the deadline to swallow up valuable West Bank while pretending to be making a compromise because he does not seize the entire territory. “If there were an an Oscar for Best Dramatic Performance by a Nation-State, Israel would […]
Switzerland’s InCore Bank AG has become the first financial institution in the country to offer banking services to Kraken clients. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
History Provides Clues Into Israel’s West Bank Annexation By Miko Peled, Mintpress News. July 2, 2020 History Provides Clues Into Israel’s West Bank Annexation2020-07-022020-07-02https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/apisrael.jpg200px200px Above photo: Two Israeli soldiers drag a Palestinian to the ground, Nov. 19, 1996 as he protests the bulldozing of his land near the Jewish settlement of Efrat in the West Bank. Jacqueline Arzt | AP. Learning from the past. Since 1948, Israel has annexed, occupied, taken, destroyed, built, and renamed everything from individual homes and property to public spaces, to historic monuments. And it has no intention, or reason, to stop. Palestine has been annexed, occupied, stolen, and Palestinians have […]
New Delhi (Sputnik): According to car industry representatives, the sector witnessed a revival in month-on-month sales in June due to pent-up demand caused by the COVID-19-induced lockdown. As the economy opens up, dealerships are experiencing increased demand. In a decision that is hoped will rev up auto sales in India after a lull due to the COVID-19 lockdown, the country’s major private sector lender HDFC Bank on Thursday announced its plans to offer ZipDrive instant auto loans to customers across 1,000 cities. “ZipDrive is arguably India’s fastest online auto loan offering. With this state-of-the-art technology-enabled solution, from the market leader […]
As crowds of demonstrators marched in Palestinian territories on Wednesday, sympathy protests took place across the world, including in the United States, the main foreign backer and enabler of Israel’s West Bank plans. A Palestinian solidarity march took place in Brooklyn, New York on Wednesday, with some protesters warning of a new global conflict should Israel go ahead with plans to take over parts of the West Bank. Protesters chanted “Occupation is a crime” and “From Palestine to Mexico, all the walls have got to go”. Many of the marchers waved Palestinian flags and carried banners reading, “Free Palestine” and “End […]
The Monetary Board of the Central Bank of Sri Lanka is close to starting development of a blockchain platform expected to speed up the processing of bank users’ ID information. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
New Delhi (Sputnik): Back in April, India’s federal drug regulator cleared a proposal by the country’s top biomedical research body for the clinical trial of convalescent plasma for COVID-19 patients. The trials are now being conducted by hospitals/research laboratories approved by the Indian Council of Medical Research (ICMR). India’s first-of-its-kind plasma bank for COVID-19 patients was opened in the national capital on Thursday. Set up at the state-owned Institute of Liver and Biliary Sciences (ILBS), the plasma bank will act as the repository for plasma for patients with critical cases of COVID-19. Delhi Chief Arvind Kejriwal, while opening the facility […]
Hundreds of protesters marched through New York City to voice opposition to Israeli annexation plans in the West Bank and the continued occupation of Palestinian territory as Tel Aviv gears up for a major land grab. A sizable crowd of demonstrators gathered in Brooklyn for Wednesday’s ‘Day of Rage’ rally, where marchers were seen carrying an array of flags and banners while shouting slogans for a “free Palestine.” The gathering grew throughout the afternoon, according to local reporters on the scene, who estimated that some 2,000 people turned out for the rally. Though there were no reports of clashes with law […]
The UK’s central bank has recently improved its assessment of the cumulative GDP loss in 2020 from 17 percent to 8 percent, as the easing of lockdown restrictions have driven up demand and economic activity. The Bank of England’s chief economist Andy Haldane has said that Britain is on track for a V-shaped economic recovery after a faster-than-expected rebound from the coronavirus slump. The UK economy was already two months into the recovery amid pent-up demand and consumer spending, Haldane said in a Bank webinar on Tuesday. “It is early, but my reading of the evidence is so far, so V,” […]
A former bank exec has said he will help “transform” BitMEX, just a week after the crypto derivatives exchange launched a new corporate service. Announced Tuesday, BitMEX owner HDR Global Trading said David Wong – a former deputy CEO at Bank of China, the second-largest bank in Hong Kong – will join its board as a non-executive chairman to help grow and turn the Seychelles-based entity into a “world-class financial technology company.” Wong had previously been the South-East Asian head of Dutch bank ABN AMRO, before heading up the financial markets division at Bank of China. Since leaving the latter bank […]
The UN’s top human rights official has condemned Israel’s plans to take over parts of the occupied West Bank, warning that the move would undermine peace efforts, and saying: “Annexation is illegal. Period.” Michelle Bachelet, the UN High Commissioner for Human Rights and former president of Chile, described Israel’s annexation project as contrary to international law regardless of “whether it is 30 percent from the West Bank or 5 percent.” She urged Israel to halt its plans, warning that the shockwaves of such a move would “last for decades” and cause lasting damage for both sides. “This is a highly […]
Earlier, Israeli Prime Minister Benjamin Netanyahu vowed to “apply sovereignty” over up to 30 percent of the occupied West Bank despite mounting international opposition, with PM Boris Johnson telling parliamentarians in June that the government “strongly objected” to the plan and restated support for the two-state solution. In a move perceived as a toughening of its stance on Israel, the UK Labour Party has called for banning the import of goods from illegal settlements in the West Bank if the Israeli government proceeds with its announced plan of extending sovereignty over parts of the West Bank this week, reported The Observer. […]
Israel is set to vote on a sovereignty bill on 1 July and while most of the world has slammed the move, some say the disputed areas of the West Bank have always belonged to the Jewish people, promised to them by the same global community that’s now questioning Tel Aviv’s actions. United Nations Secretary-General Antonio Guterres called on Israel to drop its intention to annex parts of the West Bank, a move that’s planned for early July. The UN chief made the comments to the Security Council on Wednesday, stressing that the move would be devastating for the two-state solution and […]
__________HaaretzHamas Says West Bank Annexation Is ‘A Declaration of War,’ Israel ‘Will Regret It’ Hamas would consider Israeli steps toward annexing parts of the West Bank as a “declaration of war,” said on Thursday Abu Ubaida, spokesman of the Gaza-based organization’s military wing. “The forces of the resistance will faithfully protect the Palestinian people,” he said. “We will make the enemy bite its fingers in regret for such a sinful decision.” Abu Ubaida spoke on the anniversary of the abduction of Israeli soldier Gilad Shalit, who was taken captive on the Gaza border in 2006 and released nearly a decade ago, […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/middleeast/202006251079720624-hamas-says-annexation-of-west-bank-by-israel-declaration-of-war/ GAZA (Sputnik) – The Hamas Islamist movement will consider an extension of sovereignty over parts of the West Bank by Israel a declaration of war against Palestinians, Abu Ubaida, the spokesman for a Hamas military wing, the Izz el-Deen al-Qassam Brigades, said on Thursday. “The resistance considers the decision to annex the West Bank and the Jordan Valley to be a declaration of war on our people”, Ubaida said, as quoted by the Turkish Daily Sabah newspaper. The statement came several days ahead of the Israeli cabinet discussion on the extension of sovereignty over […]
The Bank for International Settlements (BIS), the so-called bank for central banks, rejected the popular narrative that private sector stablecoin proposals (read: Libra) have been key in spurring the issuance of central bank digital currencies (CBDC) in a report published Tuesday. Instead, the BIS, in a new digital payments chapter of its annual economic report, said that central bankers have come around to CBDCs because the tech presents a convenient vessel through which they can shape the future of payments. “CBDC issuance is not so much a reaction to cryptocurrencies and private sector ‘stablecoin’ proposals, but rather a focused technological effort […]
https://cdn1.img.sputniknews.com/img/107968/11/1079681189_0:193:3296:2047_1200x675_80_0_0_c9ef08e2fb438863ed5489dce65389ac.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/world/202006241079707627-un-security-council-discussing-israeli-plans-to-extend-sovereignty-over-west-bank—video/ Since the presentation of the so-called deal of the century proposed by US President Donald Trump on 28 January, Israeli Prime Minister Benjamin Netanyahu has vowed to start unilaterally extending the Jewish state’s sovereignty over one-third of the West Bank by 1 July. The UN Security Council is gathering Wednesday for a virtual meeting on the situation in the Middle East, particularly focusing on the plan of the Israeli government to bring parts of the West Bank under its control. Israeli Prime Minister Benjamin Netanyahu has pledged to bring the land in the West Bank […]
UN Chief Urges Israel to Abandon Annexation Plan of West Bank __________TeleSURUN Chief Urges Israel to Abandon Annexation Plan of West Bank “This would be calamitous for Palestinians, Israelis and the region,” Guterres said. United Nations Chief Antonio Guterres urged Israel Tuesday to call off its plans to annex parts of the illegally occupied West Bank, declaring that such a move would be a “most serious violation of international law.” In a report to the U.N. Security Council, Guterres said an Israeli annexation would be “devastating” for hopes of negotiations and an eventual two-state solution. The document was sent to the […]
Sweden’s Riksbank has looked into the viability of central bank digital currencies (CBDCs) for its local market and declared mixed results. In a 96-page economic review, updated June 18, the world’s oldest central bank presents four models for supplying a digital version of the Swedish krona (e-krona) as well as outlining how well the different models would fit its policy goals. Those goals include fostering a stable store of value and unit of account, being a lender of last resort (LOLR) providing a secure means of payment and settlement and providing tools for preserving financial stability. Amid that backdrop, the four […]
Bank of England governor gives downbeat economic assessment in rare interview …from PressTV, Tehran [ Editor’s Note: There is no big surprise here. Notice the dearth of British coverage on how leaving the EU was always going to be a double whammy with the virus crises. EU reporting on working out of a Brexit deal describes Britain’s attitude as that of a conqueror talking to its vanquished enemies. Everyone will be losers now as they will experience to a degree what Iran has been through with having to go full bore import substitution to keep as much of its work force […]
The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank’s chief Asia macro strategist Sameer Goel. According to him, the “big question” for investors right now is whether the US dollar should be trading at a safe-haven risk premium. Goel told CNBC that since March investors have been favoring the greenback over its peers in the Group of 10 countries, in part due to “emergency dollar demand” as the world went into a synchronized shutdown to stop the spread of the pandemic. As investors typically flock to the US […]
What was a typical withdrawal request from a customer to a depository bank has turned into a political controversy, given that the government that owns the bank does not recognise the customer. London’s High Court is scheduled to hear an unprecedented case on Monday regarding Venezuela’s attempts to extract its gold bullion from the Bank of England. Venezuela’s central bank (BCV), controlled by the government of Nicolas Maduro, has around $1.8 billion worth of gold at the Bank of England. BCV has recently demanded that €930 million ($1.04bn) in gold be released to help Caracas fight the coronavirus outbreak. The heavily-sanctioned […]
The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC). The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer, and its suppliers. The bank said the digital currency prototype is being developed by Digital Ventures, a fintech-facing venture capital wing of the Siam Commercial Bank that invested in Ripple in 2016. According to the statement, the project will also include a feasibility study on the […]
MOSCOW (Sputnik) – The Bank of England and the Church of England have issued apologies after an academic database uncovered that their former leaders and clergymen had links to the slave trade in the 19th century, The Telegraph reported, citing a fresh analysis of a database held by University College London. According to the data, nearly 100 clergymen, including a bishop, as well as at least six governors and four directors of the Bank of England were named as claimants or beneficiaries from slavery. The database provides details on about 47,000 people across the United Kingdom, who received some $3 billion, […]
The risks report by a major bank has predicted at least four biblical-like cataclysms that may befall our planet, with the fallout likely to be worse than the continuing coronavirus healthcare crisis. There is a high probability that a major disaster could strike the world within the next 10 years, new research by a top international financial institution, Deutsche Bank, has predicted, as cited by the Daily Star, putting a staggering 33 percent chance stake on the forecast. The latter centres around the possibility of four biblical-level disasters befalling the world – a massive killer flu pandemic wiping out two million […]