The Swiss banking industry has been incredibly receptive to crypto with many local banks adding cryptocurrency services to their offerings. Swiss bank St.Galler Kantonalbank (SGKB) has launched Bitcoin and Ether trading with plans to add more cryptocurrencies in the future based on client feedback. The cryptocurrency service is made possible by a partnership with crypto-focused…
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework. The Swiss National Bank (SNB) has announced its partnership with SIX Digital Exchange (SDX) and other prominent commercial banks in Switzerland for the initiation of a pilot project aimed at testing…
In a move that showcases the expanding demand for Bitcoin, St. Galler Kantonalbank (SGKB) has become the latest major Swiss bank to offer Bitcoin and crypto buying services. Announced Thursday, SGKB partnered with SEBA Bank to offer its retail customers cryptocurrency trading and custody services, a venture that marks another step in the expanding world…
The market expects the UK’s apex bank to hold off on increasing or decreasing interest rates even as economic data is falling. The Bank of England (BoE) is expected to hold UK interest rates on Thursday due to recorded price pressures and a decline in economic activity. At the moment, the market is pricing a…
In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3.705 billion Thai baht ($102.8 million), was conducted through a newly formed Kasikorn Bank subsidiary…
Agricultural Bank of China Limited (OTCPK:ACGBY) Q3 2023 Earnings Conference Call October 27, 2023 5:00 AM ET Company Participants Han Guoqiang – Secretary of the Board of Directors Liu Xiaopeng – Non-Executive Director Wang Changyun – Independent Non-Executive Director Li Guohu – General Manager, Rural Revitalization Department Fu Wanjun – Vice Chairman, President, Executive Director…
As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future. German banking giant Deutsche Bank (ETR: DBK) and Standard Chartered’s SC Ventures have begun testing the UDPN, a system that promises to ensure seamless communication and interoperability between various digital assets, stablecoins, and Central…
The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q3 2023 Earnings Call Transcript October 25, 2023 10:00 AM ET Company Participants Noah Fields – Head of Investor Relations Michael Collins – Chairman and Chief Executive Officer Craig Bridgewater – Chief Financial Officer Michael Schrum – President and Chief Risk Officer Conference Call Participants David…
Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023. Shares of German banking giant Deutsche Bank (ETR: DBK) surged by a remarkable 7% on Wednesday morning following the company’s stellar Q3 2023 performance that exceeded market expectations. Despite an 8% decline in net profit compared…
Deutsche Bank Aktiengesellschaft (NYSE:DB) Q3 2023 Results Conference Call October 25, 2023 5:00 AM ET Company Participants Silke Szypa – Deputy Head of IR Christian Sewing – CEO James von Moltke – CFO Conference Call Participants Nicolas Payen – Kepler Cheuvreux Adam Terelak – Mediobanca Chris Hallam – Goldman Sachs Anke Reingen – RBC Mate…
The basis for this issuance was Corda, R3’s digital ledger technology (DLT) platform that offers a sustainable infrastructure for digitally native notes. In a first, the World Bank has listed the “first digital native security” or “digital native note (DNN)” on the Luxembourg Stock Exchange (LuxSe). The €100 million DNN, listed on the Luxembourg Stock…
To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital payments are conducted…
VioletaStoimenova One of the biggest pitfalls that value investors need to avoid is making a decision to buy a company solely off of that company’s historical financial performance and its current valuation. I would say that nine times out of 10, such a simple analysis can yield attractive results. But it can also result in…
CribbVisuals/iStock Unreleased via Getty Images On our last work on Bank of America (NYSE:BAC) we focused on the fact that margins were past their peak. These margins were of course the net interest margins and while we did like the value, we felt a buy rating would just not make sense. Whether or BAC’s margins…
Shunyu Fan I can understand why investors are still not bullish on bank stocks, given what’s going on with the yield curve, the economy, and regulation. I can likewise understand skepticism around names like Citigroup (C) where there’s built-up resentment and doubt that the bank will ever turn around. What I don’t get, though, is…
Bank OZK (NASDAQ:OZK) Q3 2023 Earnings Call Transcript October 20, 2023 11:00 AM ET Company Participants Jay Staley – Director of Investor Relations and Corporate Development George Gleason – Chairman and Chief Executive Officer Brannon Hamblen – President Tim Hicks – Chief Financial Officer Cindy Wolfe – Chief Operating Officer Conference Call Participants Stephen Scouten…
zhengzaishuru By Bob Iaccino At a glance The extension of oil production cuts by Saudi Arabia and Russia through December helped push Brent and WTI crude markets higher. U.S. crude oil production hit a record 13.2 million barrels per day in early October, passing levels not seen since pre-pandemic. Regardless of your view on an…
Spencer Platt/Getty Images News 2023 has been an amazingly frustrating year for bank shareholders. The fundamentals have generally been pretty good, particularly for the big banks, but the bears have been quite successful in driving prices down based on dire innuendo, or even bank runs on several banks that ended up failing as a result….
The UK Chancellor of the Exchequer Jeremy Hunt is optimistic that inflation would ease. UK inflation came in for September at 6.7%, higher than expectations set by analysts. Also, inflation in the UK remained unchanged from August. While inflation remained unaltered, the UK’s headline consumer price index (CPI) met expectations from economists polled by Reuters….
RiverNorthPhotography Thesis Despite The Bank of New York Mellon (NYSE:BK) being a well-known global brand, I believe that your money would be better suited elsewhere. The company has underperformed the sector, competitors, and the S&P for a decade. Despite a heftier starting dividend yield of 4%, it’s hard to rate BK with a buy when…
Bank of America, once expected to be a major beneficiary of rising interest rates, has faced unexpected challenges in 2023. In a recent earnings report, Bank of America Corp (NYSE: BAC) showcased its resilience and financial strength, surpassing analysts’ expectations for the third quarter of the year (Q3 2023). Exceeding Earnings Expectations The North Carolina-based…
Brandon Bell Bank of America Corporation (NYSE:BAC) has just reported its Q3 earnings, as Seeking Alpha has reported here. EPS beat estimates by 8 cents while revenue beat by $130 million. The stock is up about 1% pre-market as of this writing. Judging by the market’s somewhat muted reaction, it sounds like an “okay” report….
Brian Moynihan Speaks At Georgetown University Drew Angerer Bank of America Corporation (NYSE:BAC) just released its fiscal third quarter earnings. The release beat on revenue and as well as on EPS. Going into the release, analysts were expecting the following: $25.07 billion in revenue. $0.82 in earnings per share (“EPS”). Relative to these expectations, BAC’s…
HDFC Bank Limited (NYSE:HDB) Q2 2024 Earnings Conference Call October 16, 2023 8:30 AM ET Company Participants Srinivasan Vaidyanathan – Chief Financial Officer Sashi Jagdishan – Managing Director and Chief Executive Officer Conference Call Participants Mahrukh Adajania – Nuvama Kunal Shah – Citigroup Parag Thakkar – Anvil Wealth Atul Mehra – Motilal Oswal Suresh Ganapathy…
Spencer Platt/Getty Images News With a market capitalization of over $213 billion, Bank of America (NYSE:BAC) is not only one of the largest financial institutions on the planet but also one of the largest publicly traded companies, period. Despite this massive size, shares have actually taken a beating over the past year. The stock is…
The emergence of Central Bank Digital Currencies (CBDCs) has ignited widespread interest, sparking enthusiasm among central bankers, generating curiosity within financial media, and fueling spirited debates in the Bitcoin community. Among cryptocurrency enthusiasts, opinions on CBDCs vary widely, ranging from viewing them as powerful tools for government surveillance and control to seeing them as desperate…
Colombian banker and real estate developer Jaime Gilinski Bacal pumped £102 million making him the dorman stakeholder with 53% stake. During the early trading hours on Monday, October 9, shares of Metro Bank Holdings (LON: MTRO) jumped by a staggering 26%. At press time, the MTRO stock is trading at 52.60 GBX. Metro Bank Shares…
This is not the first time Israel’s central bank has intervened in the foreign exchange market to stabilize the shekel. The Bank of Israel has announced its intention to sell up to $30 billion in foreign reserves to support the Israeli shekel as it faces its weakest point in seven years. The decision comes in…
clubfoto By James Smith, Developed Markets Economist Investors have revised down UK rate expectations over recent weeks Against a backdrop of rising US market rates, it’s all the more eye-catching that UK rate expectations continued to fall back through September. The differential between US and UK rates has narrowed considerably as a result, and if…
The recent halts in the trading of Metro Bank’s shares on the London Stock Exchange come on the heels of reports that the Bank was seeking to raise $727 million in debt and equity. In a surprising turn of events, shares of Britain’s Metro Bank Holdings PLC (LON: MTRO) experienced a dramatic plunge, leading to…
BIS continues to warn that crypto data can be “manipulated or distorted”. The Bank for International Settlements (BIS) has unveiled a new platform it calls “Project Atlas”. According to the Wednesday announcement, the decentralized finance data platform will play an important role in the future regulation of crypto market participants. In a joint report with…
Lumen Technologies, Inc. (NYSE:LUMN) Annual Deutsche Bank Leveraged Finance Conference October 3, 2023 7:30 PM ET Company Participants Chris Stansbury – Executive Vice President and Chief Financial Officer Conference Call Participants Jitendra Joshi – Deutsche Bank Jitendra Joshi Thanks for attending our fireside with Lumen. Now that we’re all sort of pumped up about Gen…
wellesenterprises Investors should hold shares of the Bank of Montreal (NYSE:BMO). 2023 has been a tough year for many firms in the banking industry. BMO has not been immune to this trend as its shares are down six percent year-to-date. The key question examined throughout this article is whether or not BMO provides a suitable…
BalkansCat/iStock Editorial via Getty Images Thesis Toronto-Dominion Bank (NYSE:TD) is the second-largest bank in Canada. Its balance sheet is neat and clean, with adequate liquidity to weather potential economic downturns. Typical for Canadian banks, TD has paid dividends even during crises such as GFC 2008. Its business is well diversified geographically between the US and…
This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims to birth a new…
cokada/E+ via Getty Images Thesis Banco Itaú Chile (NYSE:ITCL) is one of the largest Chilean banks with operations in Chile and Colombia. ITCL is a result of a merger in 2025 between Banco Itaú Chile and CorpBanca. Its largest shareholder is the Brazilian banking conglomerate Itaú Unibanco (ITUB), which owns 66.7% of its shares. ITCL…
JHVEPhoto Investment Thesis I expect the stock to see modest performance from here, unless we see a significant rebound in growth for both net interest income and equity market performance. In a previous article back in April, I made the argument that National Bank of Canada (TSX:NA:CA) may see some short-term downside, owing to pressure…
pixeldigits Introduction If you are seeking a high-yielding company right now that is also expanding the bottom line at a very decent rate then The Bank Of N.T. Butterfield & Son Limited (NYSE:NTB) looks quite appealing. The yield is over 6% and I think the payout ratio and track record of growth are playing into…
BalkansCat/iStock Editorial via Getty Images Investment Thesis In last week’s article, I explained the reasons behind having included Philip Morris into The Dividend Income Accelerator Portfolio. So far, The Dividend Income Accelerator Portfolio consisted of 1 ETF (SCHD (SCHD)) and two individual positions (Realty Income (O) and Philip Morris (PM)). The goal of today’s article…
JLGutierrez US It will be a busy week filled with a wide range of economic releases, with the focus falling on the consumer and the Fed’s preferred inflation gauge. August personal income is expected to rise given the strong labor market while spending cooled given the end of summer vacations. The bond market will pay…
clubfoto The Bank of England [BoE] mirrored the Fed’s decisions to hold interest rates unchanged yesterday, but only just. The Monetary Policy Committee [MPC] voted 5-4 to maintain rates, with 4 members voting for a 0.25 percentage point increase from the current bank rate of 5.25%. Source: Bank of England Faster inflation decline than expected…
Analysts believe that Bank of Japan would soon face pressure to raise interest rates and reverse from its loose monetary conditions. On Friday, September 22, Japan’s central bank decided to leave its interest rates unchanged amid “extremely high uncertainties”, and continue with its ultra-loose policy. Following its September meeting, the Bank of Japan confirmed its…
Rixipix/iStock Editorial via Getty Images Today, in a shock decision, the Bank of England (BoE) left its policy rate at 5.25% by the tightest possible majority vote of 5-4. All but one of 65 economists polled by Reuters had predicted that the BoE would raise the rate to 5.5%. The likely reason for this unexpected…
The Bank of England has halted its 14 consecutive interest rate hikes, keeping rates at 5.25% due to moderating inflation. Despite this, the economy remains precarious. The Bank of England has decided to end a streak of 14 consecutive interest rate hikes, keeping them at 5.25%, following data showing a moderation in inflation. According to…
According to the DOJ, Russell defrauded at least 29 investors from the scheme of around $1.5 million. The United States Department of Justice (DOJ) has announced that Rashawn Russell, a former Deutsche Bank investment banker and registered broker, has confessed to participating in a fraudulent crypto scheme called the ‘R3 Crypto Fund’. According to the…
Serjio74/iStock via Getty Images Thesis Chile is the most mature and developed economy in LATAM. However, its equity market is among the cheapest in the world, measured with PE multiple. The chart below compares the EM equity market by P/E. AK investment research Chile, together with Argentina and Brazil, holds P/E 6.5-7. Only Colombian equities…
RyanKing999 By James Smith, Developed Markets Economist and Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE We’re expecting one final rate hike from the Bank of England this week with wage growth and inflation both proving stubborn. But recent comments show the Bank is laying the ground for…
KristianSeptimiusKrogh/E+ via Getty Images Nordea Bank (OTCPK:NRDBY) is a Scandinavian bank with about 200 years of history; it is headquartered in Helsinki, Finland. The main reason I am writing an article on this bank is because of the very interesting remuneration it offers to its shareholders. In fact, in addition to a significant buyback, this…
metamorworks The week ahead is dominated by central bank meetings. Six of the G10 central banks meets. The post-Covid monetary tightening cycle is ending. The start was not synchronized, and neither will be end. It is tempting to think that those that began the tightening cycle early will be among the first to finish. Among…
mars58 Before yesterday’s ECB meeting, there was a bit of uncertainty about whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike. In the end, it went ahead with the rate hike, lifting the main refinancing rate to 4.50% from 4.25% previously. But the euro nonetheless…