Tag: Bank

Stablecoin Yield Ban Would Barely Boost Bank Lending, White House Finds

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A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of the $12 trillion loan market. The report, published Wednesday, says that community…

Argentine Banks Test JPM Coin as Central Bank Reviews Crypto Ban: Report

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Argentine banks are reportedly testing JPMorgan’s deposit token infrastructure for back-end settlement workflows, even as the country’s central bank still bars lenders from offering most crypto-related services to clients, according to local outlet iProUP. A group of financial institutions has begun piloting JPM Coin, a deposit token designed for institutional use. Banco CMF is among the confirmed participants, working through its newly launched corporate unit QORP as part of JPMorgan’s minimum viable product, per the report. “In the first phase, banks are expected to work on integrating available services to…

Bank of Korea and Bank of France hold talks on digital assets

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The Bank of Korea and Bank of France are hosting a two-day seminar on digital assets and climate change to explore their effects on the economy and central bank roles, according to Yonhap, South Korea’s main national news. The forum will conclude on Wednesday, bringing together central bank researchers and academic experts from both countries. Participants discussed central bank digital currencies, payment systems, macroeconomic risks, and financial policy challenges as part of an ongoing academic exchange program alternating between the two countries. The seminar is the latest in a recurring…

Digital bank Monzo ends US venture to double down on Europe

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Monzo, the UK’s largest app-based digital bank with more than 15 million customers, is closing its short-lived US expansion chapter to prioritize home markets after struggling to establish a strong presence. Monzo, one of Revolut’s main frenemies, entered the US market in 2020 and swiftly chased a banking license before backing off in October 2021 as regulators raised concerns and its valuation took a hit. In late 2025, reports suggested Monzo was evaluating a renewed application under a more accommodating regulatory climate, though it ultimately chose to exit the market.…

France’s largest bank to debut Bitcoin, Ether ETNs for French retail clients tomorrow

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France’s largest lender BNP Paribas is bringing six new crypto exchange-traded notes (ETNs) tied to Bitcoin and Ethereum to its exchange platform in France, starting tomorrow March 30, according to a recent announcement. Exchange-traded notes (ETNs) are tradeable debt products that give investors exposure to the underlying markets through index tracking. They provide liquid and diversified exposure without direct ownership, though investors face issuer credit risk and potential market losses. Offered under MiFID II, which is designed to boost transparency standardize market operations, and protect investors, the ETNs let millions…

Citigroup said to weigh acquisition of US regional bank to strengthen deposits and lending

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Citigroup, a key player in global finance, is weighing a potential acquisition of a US regional bank or brokerage to boost deposits, expand branches, and strengthen lending operations, Bloomberg reported Friday, citing sources with knowledge of the matter. Discussions have included banks with around $500 billion in assets and brokerages like Stifel and Raymond James, with regulatory approval required under existing consent orders, according to the report. A successful acquisition would represent a major step under CEO Jane Fraser and could transform Citigroup’s footprint to better compete with JPMorgan and…

ECB Says Stablecoins and Tokenized Deposits Need Central Bank Money

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Tokenized deposits and stablecoins need tokenized central bank money as a public settlement anchor if Europe’s tokenized financial markets are to scale, Piero Cipollone, a member of the European Central Bank’s Executive Board, said on Monday. Cipollone pointed to Pontes, the Eurosystem’s distributed ledger technology (DLT) settlement initiative, which is designed to connect market DLT platforms with the Eurosystem’s TARGET Services and provide settlement in central bank money. “Without tokenised central bank money, a seller of a tokenised security may receive payment in an asset they are not comfortable holding…

UBS wins approval to convert US unit into nationally chartered bank

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UBS, the Swiss multinational investment bank and one of the world’s largest wealth managers, has obtained final approval from the Office of the Comptroller of the Currency (OCC) to convert UBS Bank USA into a nationally chartered bank, the company announced in a LinkedIn post. With the national charter, UBS aims to bolster its US banking platform, improving service for clients and financial advisors and laying the groundwork for future growth. The move also reinforces its dedication to maintaining strong service and stability standards. “This milestone really positions us well…

Basel Reform May Bring Wave of Fresh Bank Capital to BTC — Analyst

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The Basel III rules, which govern bank capital requirements, are set to be updated in 2026, and if Bitcoin (BTC) receives a lower risk rating in the revised rules, it could potentially trigger a “huge” influx of liquidity into BTC, according to market analyst Nic Puckrin. Under the current Basel rules, BTC and similar digital assets are given a 1,250% risk weight, meaning banks must hold reserve assets at a 1:1 ratio to back any Bitcoin held on their balance sheets, Puckrin said. These restrictive capital requirements make it “almost…

Bank of England Comes Around on Stablecoins

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The Bank of England’s (BOE) position on stablecoins is evolving to a more friendly stance, but according to the bank’s deputy governor, constructive dialogue with the industry is still lacking. The UK’s central bank launched a consultation on stablecoins in November last year. Some of the proposed requirements drew the ire of crypto industry representatives, who claimed they could stifle innovation.  Over the past few months, the bank has been working with industry groups to develop its stance on stablecoins. These include revising backing requirements and rethinking account limits.  Some…