Bank capital regulations in Basel pose a barrier for cryptocurrency, according to an investment executive.
Chris Perkins, president of Coinfund, expresses concerns about the Capital Requirements set by the Basel Committee on Banking Supervision, suggesting they create “chokepoints” that could stifle the growth of the crypto sector. The existing rules reduce banks’ equity return ratio (ROE), which is a crucial measure of profitability. Essentially, these regulations require banks to hold […]
Foreigners favored BRAC Bank and Prime Bank in July but withdrew from BAT, Renata, and Reckitt.
Analysts highlighted that foreign investors lean towards companies with solid business potential and strong governance. In July, Prime Bank and Brac Bank attracted the most foreign portfolio investments, as interest in Bat Bangladesh, Renata, and Reckitt Benckiser Bangladesh diminished. Data from the Dhaka Stock Exchange (DSE) showed that net foreign portfolio investments rose by about […]
Bank of America Increases Dell Target, Focuses on AI-Driven Growth Potential
Dell Technologies and Future Growth Potential Dell Technologies Inc. is in the spotlight as a notable player in the cybersecurity sector. Recently, on July 18, Bank of America reaffirmed its buy rating for the company, increasing the price target from $155 to $165. Currently, shares are trading at around $139.16, suggesting an upside potential of […]
Crypto and fintech leaders urge Trump to prohibit bank fees for customer information
Executives from the crypto and fintech sectors have urged US President Donald Trump to intervene against banks imposing fees for access to customer data, arguing that this limits consumer choices. In a letter sent to Trump on Wednesday, they accused him of siding with large banks that impose high ‘account access’ fees, which hinder consumers […]
Crypto and Fintech Ask Trump to Eliminate Bank Data Access Charges
Fintech and Crypto Companies Urge Trump to Halt Data Fees On Wednesday, leading fintech and cryptocurrency firms called on President Donald Trump to intervene against American banks imposing fees for accessing customer data. Among those voicing concerns were fintech platform Robinhood, cryptocurrency exchange Gemini, and venture capital firm Andreessen Horowitz, part of a larger coalition […]
Persuasive phishing scam email from Chase bank aims at customers’ personal information
A recent email claiming to be from a bank, specifically about suspicious login attempts, might look very convincing. In fact, it seems quite authentic. It suggests you need to “validate activity” via a link, which, initially, I thought was a helpful reminder. However, this particular email is actually a dangerous phishing scam. This is part […]
Bank Company Act: BB seeks to limit family directors to 2 and reduce directors’ terms to 6 years
Bangladesh Bank Proposes Major Banking Law Reforms Bangladesh Bank is suggesting significant changes to the nation’s banking regulations, aiming to address ongoing issues tied to governance failures notably impacted by family control, political influence, and lenient loan regulations. The revisions, outlined in the latest draft of the Banking Corporations Act, seek to enhance stability in […]
Bank of America removes policy that excluded religious conservatives from banking services
Bank of America Revises Controversial Policy on Religious Groups Bank of America has ultimately decided to eliminate a contentious rule, one that many believe harmed charities and businesses linked to conservative religious organizations. Brian Moynihan, the CEO of BofA, faced backlash from President Trump for denying banking services after his first term in 2021. Reports […]
Unexpected news about online bill payments: Your bank might still be sending paper checks.
Mortgage Payment Mishap: A Cautionary Tale Ever thought about paying bills online for added safety? Well, one woman, Angela Toruette, thought she was securely handling her mortgage payments online. That is, until she got an unexpected letter from her mortgage provider. Until recently, Toruette had always paid her mortgage on time. Then, she received an […]
Trump criticizes Goldman Sachs CEO David Solomon for warning about bank tariffs
On Tuesday, President Donald Trump suggested that David Solomon, the CEO of Goldman Sachs, should consider returning to his DJ career and distance himself from investment banking, especially after Solomon warned that American consumers would soon bear the financial burden of rising prices linked to tariffs. According to Trump, households might end up paying 64% […]