{
}
Ethena Labs has launched USDtb, a stablecoin backed by BlackRock's BUIDL, maintaining 90% of its reserves in the fund. Operating independently from USDe, USDtb is available on Ethereum mainnet, Base, Solana, and Arbitrum, and aims to provide users with a different risk profile while stabilizing USDe during bearish market conditions. Ethena has attracted nearly $6 billion in user funds since early 2024, and its governance token, ENA, recently saw a significant rally following a major purchase.
The parliamentary commission of inquiry into the collapse of Credit Suisse is set to release its report, focusing on the roles of former Federal Councillor Ueli Maurer and the banking regulator Finma. The investigation will assess whether these authorities could have prevented the crisis, while former executives of the bank are not under scrutiny. The findings may influence future banking regulations in Switzerland.
Hedera has integrated Chainlink’s data products to enhance decentralized finance (DeFi) and tokenized real-world assets, enabling developers to access high-quality data and proof-of-reserve verification on its mainnet. This collaboration follows a partnership with the HBAR Foundation, aiming to support secure DeFi applications.In a related development, Ethena Labs launched USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund, with 90% of reserves allocated to the BUIDL fund. This stablecoin is designed to provide stability and serve as collateral for margin trading, complementing Ethena's existing token, USDe.
The Bank of Montreal is a North American financial institution serving approximately 13 million customers through its three main operating groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. It offers a comprehensive range of banking, wealth management, and investment services to individuals, families, entrepreneurs, and institutions across various markets.
The Canadian Imperial Bank of Commerce, a major financial institution in Canada, serves over 14 million clients, including individuals, businesses, and institutional customers globally. It operates through four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. These units provide a range of financial services, from personal banking to wealth management for both private and institutional clients.
nCino, Inc. is a global provider of cloud banking solutions, offering the nCino Bank Operating System, a multi-tenant software-as-a-service platform that enhances coordination and transparency for financial institutions. This system streamlines workflows for customer onboarding, loan origination, and compliance, while also integrating data analytics and AI/ML capabilities through the nCino IQ suite, enabling better credit risk management and regulatory compliance.
Bitpanda has received in-principle approval from the UAE's Virtual Assets Regulatory Authority (VARA) to operate as Bitpanda Broker MENA DMCC, marking its first expansion outside Europe. The company has established an office in Dubai and aims to leverage the region's growing demand for digital assets, launching products like Bitpanda Fusion for active traders. This move aligns with Bitpanda's strategy to enhance its global presence while adhering to local regulatory requirements.
UBS analyst Nik Cremo has initiated coverage on nCino Inc. (NASDAQ: NCNO) with a Buy rating. The report includes a price target, signaling positive expectations for the company's performance in the market.
Bitpanda has secured in-principle approval from the Virtual Asset Regulatory Authority (VARA) to expand into the UAE, positioning Dubai as a strategic hub for its international growth. The approval indicates compliance with regulatory standards, although further conditions must be met for full operational licensing. Additionally, Bitpanda has partnered with Societe Generale to promote the adoption of its euro-denominated stablecoin, EUR CoinVertible, as a key element of global finance.
The Swiss National Bank (SNB) is lowering the interest factor for sight deposits from 22 to 20, effective February 1, 2025, in response to increased minimum reserve requirements. This adjustment follows a previous reduction from 25 in October and aims to maintain effective monetary policy and support an active money market. Interest on sight deposits up to the limit will continue to be paid at the SNB key rate of 0.50 percent.
Banking Regulations
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ethena labs launches new stablecoin usdtb backed by blackrock's buidl
16:25 16.12.2024
Inquiry Report on Credit Suisse Collapse to Highlight Authorities' Accountability
United States Dollar
Credit Suisse Real Estate Fund Siat
CHE
Ulrich Körner
Ueli Maurer
Axel Lehmann
Show more
16:14 16.12.2024
Hedera and Chainlink partner to enhance decentralized finance and real-world assets
United States Dollar
Coinbase Global, Inc.
BlackRock, Inc.
Fidelity U.S. Bond Index
Elaine Song
Show more
16:08 16.12.2024
Bank of Montreal Offers Diverse Financial Services Across North America
16:03 16.12.2024
Canadian Imperial Bank of Commerce Expands Global Financial Services Reach
16:03 16.12.2024
nCino Inc Enhances Cloud Banking Solutions with Advanced AI and Analytics
16:01 16.12.2024
bitpanda gains approval to expand operations in the united arab emirates
15:47 16.12.2024
UBS Initiates Buy Rating for nCino Inc. with Price Target Set
15:27 16.12.2024
Bitpanda gains approval to expand operations into the UAE market
15:05 16.12.2024
snb reduces interest factor for sight deposits to support monetary policy
14:28 16.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Retail and Consumer Goods
Global Financial Events
AI Innovations
Industry Mergers & Acquisitions
Startups & Entrepreneurship
Banking Regulations
Funding Rounds & Investments
Central Bank Actions
Market Analysis and Predictions
Supply Chain Management
CEO Changes
Global Trade Developments
Government Policies
AI & Automation Regulations
Inflation and Monetary Impact
Government Economic Policies
Countries:
Companies:
NVIDIA Corporation
Apple Inc.
Wells Fargo & Company
Huawei Technologies CO. Ltd.
The Goldman Sachs Group, Inc.
Tesla, Inc.
Barclays PLC
Bank of America Corporation
BNP Paribas SA
Citigroup Inc.
Microsoft Corporation
Morgan Stanley
Amazon.com, Inc.
HSBC HOLDINGS
Erste Group Bank AG
Berkshire Hathaway Inc.
American Express Co
DEUTSCHE TELEKOM
Banco Santander, S.A.
HSBC Holdings plc
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Chinese Yuan
Japanese Yen
United Arab Emirates Dirham
Offshore Chinese Yuan
Saudi Riyal
Australian Dollar
Hong Kong Dollar
Swedish Krona
Canadian Dollar
Brazilian Real
South Korean Won
Norwegian Krone
Egyptian Pound
Russian Ruble
Turkish Lira
People: