Big Banks Push Forward With Blockchain

Cost savings and low returns drive lenders into working with system underpinning bitcoin

BING NEWS:
  • Quebec government targets construction workers’ jobs and working conditions
    The CAQ government is determined to push through an employer-dictated construction industry “modernization,” aimed at boosting profits at the expense of workers’ jobs and safety.
    05/1/2024 - 1:03 pm | View Link
  • Banks Sell Loans to Private Credit in Balance Sheet Twist
    For years, Barclays Plc struggled with what to do about its US credit-card business. It was a cash generator, cranking out a steady stream of revenue, and yet it was costly to run because of the way ...
    04/30/2024 - 11:30 pm | View Link
  • The Push to Split CEO and Board Chair Roles Is Gaining Traction. What Comes Next.
    O n the face of it, Bank of America and Goldman Sachs’s annual shareholder meetings this week were uneventful—no blowout wins for long-shot proposals, no drawn-out battles with infamous activist funds ...
    04/29/2024 - 1:55 am | View Link
  • US regulator pauses plans to scrutinize asset manager stakes in banks
    A top U.S. bank regulator on Thursday shelved a vote to impose stricter oversight on asset managers like BlackRock and Vanguard that have big passive stakes in banks, despite officials agreeing the ...
    04/25/2024 - 8:50 pm | View Link
  • US regulator pauses plans to scrutinise big investors in banks
    A US banking regulator has paused plans to rein in the influence of large investors on individual lenders after it became clear at an open meeting that neither of two rival proposals had majority ...
    04/25/2024 - 5:50 am | View Link
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