Tag Archive : Banking

Moody’s Downgrades Outlook for Global Banks

Moody’s Investors Service has downgraded the outlook for global banks. Slowing growth, low interest rates, and volatile operating conditions turned the ratings firm’s outlook on banks from stable to negative.

Trade tensions between the U.S. and China “appear entrenched, with negative consequences for banks in those countries as well as in other export-oriented economies and for banks funding trade,” Moody’s said. Read More

You Can Now Bank with Metropolitan Bank with Crypto Banking App Cashaa

U.K.-based Cashaa, a cryptocurrency banking platform, has launched bank accounts for U.S.-based crypto firms in U.S. dollars.

Cashaa is offering the accounts through a partnership with Metropolitan Commercial Bank, which saw a more than 300-percent increase, year-on-year, in its non-interest income. Metropolitan Commercial Bank, which is headquartered in New York City, is a full-service commercial bank with banking centers in Manhattan, Boro Park Brooklyn and Great Neck, Long Island. Read More

The Gap Between Cryptocurrency and Banking is Shrinking

The gap between cryptocurrency and the banking industry is shrinking.

For instance, Bitwala, a German crypto banking startup, has begun rolling out their mobile banking app. Users who own an Android or iOS device can begin experimenting with this new functionality. The services are available across the entire European Economic Area. Clients in 31 countries can obtain a German bank account which includes a Bitcoin wallet and trading support. The creation of an account takes just minutes, according to the company. This would make it on par with opening a traditional bank account in one’s own country. Read More

Banked & Poor: The Lose-Lose Of Checkings & Savings

[heading]Banked & Poor: The Lose-Lose of Checkings & Savings[/heading]

As John Cheese at Cracked.com put it: “Being poor is like a game of poker where if you lose, the other players get to fuck you. And if you win, the dealer fucks you.” Read More

Bitcoin: What Innovation Looks Like

[heading]What Innovation Looks Like[/heading]

With commercial banks now hiring analysts to determine what exactly the market of Bitcoin means, there is growing understanding that the future of finance is here. Read More