Deutsche Bank with about €1.3 trillion in assets under management will leverage the Taurus tokenization to manage customers’ digital assets. Germany’s leading banking institution for over 150 years Deutsche Bank AG (NYSE: DB) has announced a strategic partnership with Taurus SA to provide crypto asset custody services to its global customers. According to the announcement,…
omersukrugoksu Earnings of Community Bank System, Inc. (NYSE:CBU) will likely be flattish this year as loan growth will be countered by margin pressure and higher expenses. I’m expecting the company to report adjusted earnings of $3.53 per share, which is close to the estimate given in my last report on the company. The year-end target…
Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bank of America Securities 2023 Media, Communications & Entertainment Conference September 14, 2023 8:50 AM ET Company Participants Gunnar Wiedenfels – Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich – Bank of America Securities Jessica Reif Ehrlich Welcome to day two. We are thrilled to have Gunnar Wiedenfels here…
According to a report by Reuters, German banking giant Deutsche Bank has partnered with Swiss cryptocurrency firm Taurus to offer Bitcoin and crypto custody and other related services to its institutional clients. “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and…
The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies and Su Zhu over…
Katharina13 By Robert Carnell August labour report Keeping up its reputation for being an unforecastable piece of data, Australia’s August labour report surprised strongly on the upside. A total of 64,900 new jobs were created in August. And although almost all of these were part-time jobs (62,100), such jobs have a habit of becoming full-time…
Medtronic plc (NYSE:MDT) Bank of America Global Healthcare Conference Call September 13, 2023 10:55 AM ET Company Participants Geoff Martha – Chairman and Chief Executive Officer Conference Call Participants Travis Steed – Bank of America Merrill Lynch Travis Steed Good morning. I’m Travis Steed, the Bank of America U.S. medical device analyst, and we are…
Start Time: 15:00 January 1, 0000 3:46 PM ET International Business Machines Corporation (NYSE:IBM) Bank of America Securities Global A.I. Conference 2023 September 12, 2023, 15:00 PM ET Company Participants Rob Thomas – SVP Software & Chief Commercial Officer Conference Call Participants Wamsi Mohan – Bank of America Operator Ladies and gentlemen, the program is…
Royal Bank of Canada (NYSE:RY) Barclays 21st Annual Global Financial Services Conference Call September 12, 2023 3:30 PM ET Company Participants Nadine Ahn – Chief Financial Officer Conference Call Participants John Aiken – Barclays John Aiken [Call starts abruptly] Ladies and gentlemen, we’re going to carry on. I’m very pleased to have meeting on CFO…
According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report titled “Project Sela –…
Cisco Systems, Inc. (NASDAQ:CSCO) Bank Of America Securities Global A.I. Conference 2023 Call September 11, 2023 11:00 AM ET Company Participants Eyal Dagan – Executive Vice President, Common Hardware Group Rakesh Chopra – Cisco Fellow, Common Hardware Group Conference Call Participants Tal Liani – Bank of America Operator Ladies and gentlemen, the program is about…
Bank of America Corporation (NYSE:BAC) Barclays Global Financial Services Conference September 11, 2023 2:45 PM ET Company Participants Dean Athanasia – President, Regional Banking Alastair Borthwick – CFO Conference Call Participants Jason Goldberg – Barclays Jason Goldberg As everyone takes the seat, we will put up the ARS question to ask everyone, we are going…
Hero Images Inc After the banking collapse occurred earlier this year, I immediately began searching for some attractive prospects. These are companies that have fallen significantly, that have shown signs of resilience during the drop, and that have not yet staged a full recovery from the decline. One interesting prospect in this space that found…
BitGo CEO and co-founder Mike Belshe believes his company will help improve the transparency and safety of the growing South Korean digital asset industry. South Korean financial institution Hana Bank has announced its strategic partnership with crypto custody platform BitGo. According to the Korea Economic Daily report, the duo announced the partnership while speaking at the…
SlavkoSereda/iStock Editorial via Getty Images In a previous article discussing Raiffeisen Bank International AG (OTCPK:RAIFF; OTCPK:RAIFY), I identified two main risks: the bank’s significant reliance on its Russian subsidiary and its exposure to Signa Group. There have been further negative developments both at Signa (kindly note, that following, unless otherwise stated, “Signa” refers to the…
National Bank of Canada (OTCPK:NTIOF) Q3 2023 Earnings Call Transcript August 30, 2023 1:00 PM ET Company Participants Linda Boulanger – Senior Vice President of Investor Relations Laurent Ferreira – President and Chief Executive Officer Marie Chantal Gingras – Chief Financial Officer Bill Bonnell – Chief Risk Officer Denis Girouard – Head of Wealth Management…
The investment bank first made a bet on C6 in June 2021 when it bought its initial stake. JPMorgan Chase & Co (NYSE: JPM) has added to its equity stake in Brazilian digital bank C6, bringing it from 40% to 46%. Per a Reuters report, the update was shared in a joint statement by both…
The Bank of Nova Scotia (NYSE:BNS) Q3 2023 Earnings Conference Call August 29, 2023 8:15 AM ET Company Participants John McCartney – Head of Investor Relations Scott Thomson – President and Chief Executive Officer Raj Viswanathan – Chief Financial Officer Phil Thomas – Chief Risk Officer Dan Rees – Canadian Banking Glen Gowland – Global…
Althom Research Brief In today’s analysis, I will be covering Huntington Banchares (NASDAQ:HBAN), which is in the banking sector, and regional banks subsector. It is the parent behind the Huntington National Bank brand. The company had its most recent quarterly earnings result on July 21st, and that will be the reference data used in some…
Andrzej Rostek/iStock via Getty Images The theme in Latin America this year has been disinflation, and Chilean bank Q2 results confirmed as much, with another quarter of net interest margin pressure accompanied by guidance for more to come. As aggressive as management teams’ macro assumptions might seem at first glance, I suspect there’s more room…
The ‘BetterWorld’ gamified experience will be accessible to the public once the Sandbox’s Alpha Season 4 is launched before the end of 2023. Development Bank of Singapore (DBS), one of the leading lenders in Asia and the biggest bank in Singapore has announced the launch of ‘DBS BetterWorld’ – its own metaverse concept that addresses issues…
Eli Unger/iStock Editorial via Getty Images Research Brief With its fiscal Q3 earnings due out next week on Aug. 29th, today I’ll be covering the latest in my series on Canadian-based banks, and this time we turn our attention to The Bank of Nova Scotia (NYSE:BNS), also known more commonly as Scotiabank. For readers less…
As Australia deliberates the potential implementation of CBDC, the central bank’s report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country’s payment ecosystem. As the global financial landscape continues its rapid evolution, the Reserve Bank of Australia (RBA) has concluded its pilot program for a central…
Market observers had also anticipated an adjustment in the five-year loan prime rate, influencing the country’s mortgage landscape. Amidst mounting economic concerns, the People’s Bank of China (PBOC) recently implemented changes to its lending rates, signaling its response to a complex landscape of financial issues. On August 21, the PBOC made a measured reduction of…
Brian Moynihan Ian Forsyth/Getty Images News Bank of America (NYSE:BAC) recently announced a 9% dividend hike. The holder of record date for the stock is September 1, and the ex-dividend date is August 31. If you wish to grab Bank of America’s upcoming dividend, you’ll need to own the stock before August 31. This may…
xbrchx/iStock via Getty Images Investment Thesis With roughly 40% of our portfolio in real estate and another 40% in financials, we have experienced both some good and some bad H1 results this year. Even though we own low-leveraged real estate companies, the increases in interest costs have hurt the results and distribution to shareholders. Fortunately,…
joshlaverty Canadian consumer prices ticked higher in July, but will it lead the Bank of Canada to hike rates in September? Moneytalk’s Greg Bonnell discusses with Hafiz Noordin, Portfolio Manager, Active Fixed Income at TD Asset Management. Greg Bonnell: Canadian headline inflation reaccelerated in July. But will that lead to a Bank of Canada rate…
Editor’s note: Seeking Alpha is proud to welcome Dividend Grower as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » LIVINUS/iStock Editorial via Getty Images Canadian Imperial Bank of…
Justin Sullivan Diversify your clients I’d like to reiterate my previous article’s buy rating for Bank of America (NYSE:BAC) and examine why Warren Buffett and Charlie Munger still hold the company as the top bank holding at Berkshire Hathaway (BRK.B)(BRK.A). They have a great diversification of clients and account types, with under 50% of the…
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. The Central bank of Brazil continues to push further with its progress o the central bank digital currency (CBDC). Previously popular as Digital Real, the CBDC gets a new official brand name…
Roman Tiraspolsky/iStock Editorial via Getty Images Research Brief In today’s equity research analysis I am returning to a stock I covered several months ago, but still one of my favorites in the financial sector, Bank of New York Mellon (NYSE:BK). This time, however, I am applying my new rating methodology and seeing if I get…
georgeclerk By James Smith, Chris Turner Bank of England reverts back to a 25bp hike Better news on inflation has, as expected, enabled the Bank of England to pivot back to a 25-basis point rate hike this month. That follows a more aggressive 50bp hike back in June. Policymakers clearly don’t want to come across…
JHVEPhoto Research Brief With its next quarterly earnings result coming out towards the end of this month on August 29th, Bank of Montreal (NYSE:BMO) has come across my radar screen, especially after its acquisition of Bank of the West, and so today we will discuss its potential for value investors who are looking for a…
Erste Group Bank AG (OTCPK:EBKOF) Q2 2023 Earnings Conference Call July 31, 2023 3:00 AM ET Company Participants Thomas Sommerauer – IR Willi Cernko – CEO Stefan Dörfler – CFO Alexandra Habeler-Drabek – CRO Conference Call Participants Mehmet Sevim – JPMorgan Mate Nemes – UBS Benoit Petrarque – Kepler Johannes Thormann – HSBC Gabor Kemeny…
Community Bank System, Inc. (NYSE:CBU) Q2 2023 Earnings Conference Call July 31, 2023 11:00 AM ET Company Participants Mark Tryniski – President and CEO Joseph Sutaris – Executive Vice President and CFO Dimitar Karaivanov – Executive Vice President and COO Conference Call Participants Nick Cucharale – The Hovde Group Steve Moss – Raymond James Alex…
Drazen_/E+ via Getty Images Earlier this year, the banking industry was smacked down hard by concerns that the contagion that began with Silicon Valley Bank might spill over and create bank runs at other financial institutions. Although some other firms did collapse during that time, many have shown significant resilience in the face of this…
While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges. The Bank of Korea (BoK) is making headway in its quest to develop and test its central bank digital currency (CBDC). According to a new report from the country’s local news outlet, the bank has selected…
First Bank (NASDAQ:FRBA) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Patrick Ryan – President & Chief Executive Officer Andrew Hibshman – Chief Financial Officer Darleen Gillespie – Chief Retail Bank Officer Peter Cahill – Chief Lending Officer Conference Call Participants Nick Cucharale – Hovde Group Manuel Navas – D.A….
Receive free Bank of England updates We’ll send you a myFT Daily Digest email rounding up the latest Bank of England news every morning. The Bank of England has asked former US Federal Reserve chair Ben Bernanke to review its economic forecasting after it came under heavy criticism for underestimating inflation. The BoE’s governing body,…
Crypto.com’s entrance to the Dutch market comes a few weeks after Binance exited the country due to regulatory hurdles. Leading digital asset service provider Crypto.com has successfully registered its business offerings with the Dutch central bank to offer crypto services in the Netherlands. In an announcement on June 28, the company said it obtained approval…
eToro said that it will continue to empower our Spanish users by providing them with access to a diverse range of asset classes. Multi-asset investment platform eToro announced on Friday, July 28, that the Bank of Spain has approved its registration as a service provider for offering virtual assets, fiat assets, and other custodial wallet…
O’Leary says the Fed could still increase rates to 6.25% or 6.5%, resulting in bank failures in regional institutions . Popular Shark Tank investor Kevin O’Leary has sounded a note of warning about the Federal Reserve’s tightening cycle applied to fight inflation. According to O’Leary, the Fed’s continuous rate hikes could result in more US…
As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures. In a bid to address the persistent challenge of inflation, the European Central Bank (ECB) recently took a significant step by announcing a 25 basis points rate hike, raising its main rate to 3.75%. The…
The latest report marks Deutsche Bank’s 12th straight quarterly profit since it implemented a restructuring plan back in 2019. Deutsche Bank has just released its quarterly report and it appears that the bank has outperformed analysts’ projections. This follows after Reuters previously held a poll asking analysts to project Deutsche Bank’s net profit for the…