Category: Banks
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$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman Sachs. Big Banks’ $200…
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A storm is brewing between state regulators and the OCC over fintech licensing
A major network of state banking regulators is renewing its attack on the OCC’s moves to register non-depository institutions.
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Digital banking: How DeFi can lower costs for everyone
There’s often talk about how decentralized finance could eliminate the need for traditional banks… but what if DeFi could enhance their digital services?
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Traditional banks offer digital asset custody amid compliance legislation
Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets.
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Traditional crypto custodians ramp up security to accommodate institutional demand
Offline storage solutions are necessary for traditional custodians and banks supporting digital assets.
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Swiss crypto bank Sygnum tokenizes shares and prepares for public offering
Sygnum claims it is the first bank in the world to tokenize its shares.