Latest News for: Banks assets

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Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies

Bitcoin 23 Apr 2021
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments ... A Few Banks Are Taking a Stand-off Approach Toward Crypto-Assets.
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Cryptocurrencies lose their anonymity in Ireland

Irish Independent 23 Apr 2021
This means that they must register with the Central Bank and carry out due diligence on their customers, which entails accounting for the origin and destination of client assets. The Central Bank has warned all companies that exchange or transfer virtual assets like Bitcoin, as ...
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Wells Fargo Has Used Its Lockdown Time Well

Wall Street Journal 23 Apr 2021
Over the course of the pandemic, the bank has continued to operate under an asset cap imposed by the Federal Reserve in 2018 in response to its fake-account scandal ... But the upshot is that, in banking parlance, Wells has become highly “asset sensitive.” This means that it is much ...
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Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34

Bitcoin 23 Apr 2021
Renewed Central Bank Hostility. In the meantime, this growth in Egypt’s traded volumes suggests that traders are not too concerned with reports of the Central Bank of Egypt (CBE)’s renewed hostility towards digital assets. In its latest warning, the CBE reiterates its previous stance against crypto assets such as BTC.
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First Reliance Bancshares Reports First Quarter 2021 Results

Johnson City Press 23 Apr 2021
Non-interest bearing and interest bearing NOW accounts increased $41.0 million, or 14.2%, to 329.1 million at March 31, 2021 from $288.2 million at December 31, 2020.Mortgage volume remained robust and resulted in mortgage banking income of $3.4 million during the first quarter ...
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BPI ups IT, cybersecurity budget to P10-11B

Manila Bulletin 23 Apr 2021
The BSP issued its circular on the establishment of digital banks last November 2020 ... Limcaoco said BPI is a digital bank with assets that are tangible in their extensive branch network, and they also have intangible assets such as its 170-year old reputation as a Philippine bank that financial consumers and bank customers are looking for.
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First Bancorp of Taylorville, Inc. to Acquire Mackinaw Valley Financial Services, Inc.

Hastings Tribune 23 Apr 2021
The combination will result in an increase in First National Bank in Taylorville’s asset base to approximately $310 million based on financial data as of December 31, 2020 ... As of December 31, 2020, First Security Bank had total assets of $94 million, $70 million in loans, and $81 million in deposits.
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FDT receives $2.15M bridge funding to introduce crypto card payment rails in Asia

CryptoNinjas 23 Apr 2021
The $2.15M investment follows the integration of Fireblocks, which was recently invested in by America’s oldest bank BNY Mellon, establishing FDT as the leading provider of custodial and trustee services for investors, family offices, traditional financial institutions, and digital asset exchanges.
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Parke Bancorp, Inc. Announces Record First Quarter 2021 Earnings

The Trentonian 23 Apr 2021
March 31, 2021 discussion of financial conditionTotal assets increased to $2.10 billion at March 31, 2021, from $2.08 billion at December 31, 2020, an increase of $24.8 million, or 1.2%, primarily due to an increase in cash deposits with the Federal Reserve Bank.
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Authorities Detain 62 People in Turkey for $2 Billion Crypto Exchange Fraud

Finance Magnates 23 Apr 2021
The total value of the lost crypto assets stands at around $2 billion ... crypto assets.Suggested articles ... The central bank of the Republic of Turkey recently released a statement about cryptocurrency assets and mentioned that cryptocurrencies cannot be used as a mode of payment.
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Civista Bancshares, Inc. Announces First Quarter 2021 Financial Results

The Morning Journal 23 Apr 2021
We continue to work toward a digital transformation with our online and mobile banking and expect to have new offerings in these areas before the end of the second quarter ... Average earning assets increased $774.5 million, which resulted in a $4.3 million increase in interest income ... Assets. ... Interest-earning assets. ... Total interest-earning assets.
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MetroCity Bankshares, Inc. Reports Earnings For First Quarter 2021

Johnson City Press 23 Apr 2021
The $256.9 million increase in total assets at March 31, 2021 compared to December 31, 2020 was primarily due to increases in loans of $236.4 million and cash and due from banks of $29.0 million, partially offset by a $5.5 million decrease in federal funds sold and $1.6 million increase in the allowance for loan losses.
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Business leaders urged to adopt ESG management practices

Ghana Web 23 Apr 2021
creation of green assets. However, whilst brown assets continue to generate profits for the bank, executives will need to balance their duty to finance these new green assets and ESG transition against their fiduciary duties to shareholders. Banks, regulators and politicians are ...
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Citigroup's retail units to fetch $6bn

The National 23 Apr 2021
Citigroup could fetch as much as $6 billion from the sale of retail banking assets in 13 markets across the Asia-Pacific, Europe and the Middle East as the lender forges ahead with plans to fine-tune its global branch network ... UBS, Citi and Morgan Stanley among 40 banks in net-zero climate action alliance.
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United Bankshares, Inc. Announces Record Earnings for the First Quarter of 2021

The Maryville Daily Times 23 Apr 2021
First quarter of 2021 results produced annualized returns on average assets, average equity and average tangible equity of 1.64%, 9.97% and 17.20%, respectively, compared to annualized returns on average assets, average equity and average tangible equity of 0.82%, 4.82% and 8.77%, respectively, for the first quarter of 2020 ... Assets ... Earning assets.
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