Cryptocurrency custody gives commercial banks a foothold in the market

Custody isn’t the most compelling corner of the crypto ecosystem, but 21st century solutions for the storage and custody of digital assets are essential if cryptocurrencies are to be adopted at scale. For this reason, the recent announcement by Cowen Inc. that the 103-year-old U.S. investment bank wants to hold cryptocurrencies on behalf of asset managers and hedge funds is …

Qatar’s commercial banks show robust growth in public sector credit

Qatar’s commercial banks saw robust double-digit growth in public sector credit and domestic debt, with their total assets reaching QR 1.75 billion in April, according to central bank data.Data from the Central Bank of Qatar (QCB) also highlighted that government debt and sukukes were down, while that of banks was up in April 2021.Robust growth in domestic and foreign assets …

Commercial banks might not dodge CBDC disruptions

While carefully avoiding anticipating the findings of his new central bank digital currency task force, Sir Jon Cunliffe, Deputy Governor, Financial Stability, Bank of England, declined to worry about the disruption potential that the introduction of the CBDC could cause to UK businesses. banks. “They have already had to reinvent their business models,” he said at a public conference organized …

CEMAC: Commercial banks and their primary dealers hold 93.7% of government securities

(Business in Cameroon) – At the end of 2020, 93.7% (XAF 3,021.2 billion) of government securities issued by CEMAC countries were held by commercial banks operating in this sub-region and their primary dealers. The remaining 6.3% was held by institutional investors (5.6%) and individuals (0.6%). The data show a pronounced appetite of commercial banks for government securities from CEMAC countries, …

Spire Bank Crisis Requires Rapid CBK Intervention

Editorials Spire Bank Crisis Requires Rapid CBK Intervention Monday 03 May 2021 A branch of Spire Bank in Nairobi. PHOTO FILE | NMG The financial crisis that has ravaged Spire Bank requires swift intervention by the Central Bank of Kenya (CBK) to avert fears over the health of the Kenyan banking sector. Over the past two years, Spire Bank’s accumulated …

New Credit Suisse President Horta-Osório Says Banking Crisis Worst He Has Ever Seen

New Credit Suisse chairman António Horta-Osório told investors the recent banking crisis was the worst he has seen in his career. Speaking at an annual meeting yesterday, the former Lloyds boss told investors the situation at Credit Suisse is dire. “I have personally worked and managed several banks in different countries and have experienced many crises,” he told investors. “What …