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ING Groep N.V., the leading financial services group in Benelux, generates 67.4% of its income from retail banking, with revenues distributed across the Netherlands (32.2%), Germany (19.1%), Belgium (18%), and other regions (30.7%). The group also earns 30.9% from corporate banking and 1.7% from other activities. By the end of 2024, it managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
Citigroup has initiated a €2.5 billion deal, sparking discussions around the repricing of floating rate notes (FRNs). The move highlights ongoing trends in the financial market, particularly regarding interest rates and investment strategies. In related news, the use of cookies and tracking technologies on websites continues to raise concerns about user privacy and data management, emphasizing the importance of consent and transparency in digital interactions.
Dutch bank ING is developing a stablecoin aimed at the European market, leveraging new cryptocurrency regulations under the EU's MiCA policy. The stablecoin, expected to be pegged to the Euro, may involve collaboration with other European banks and crypto service providers. This initiative positions ING to compete with established stablecoins like Circle's USD Coin and Tether's USDT.
UBS analysts predict a significant decline in the Swiss National Bank's (SNB) profits, estimating first-quarter earnings between CHF 5 billion and CHF 15 billion, down from CHF 58.8 billion last year, primarily due to a rise in gold prices. However, the appreciation of the Swiss franc and falling U.S. equity prices are expected to negatively impact results, potentially leading to a loss of up to CHF 50 billion for the year. An interest rate cut from 0.25% to 0% is anticipated in June amid these economic challenges.
Dutch bank ING is reportedly preparing to enter the Euro stablecoin market by forming a consortium with other banks, pending regulatory approval. This move aligns with the EU's Markets in Crypto Assets regulation, which has created opportunities for banks amid the exit of major competitors like Tether. Meanwhile, the European Central Bank's Digital Euro is still awaiting approval, leaving room for private banking solutions in the EU's payment landscape.
On April 22, 2025, Dutch bank ING announced a new stablecoin initiative in collaboration with traditional finance and crypto firms, igniting significant interest in the cryptocurrency market. Following the announcement, trading volumes for USDT and USDC surged by 15% and 12%, respectively, while the market sentiment shifted towards greed, as indicated by the Crypto Fear & Greed Index rising from 55 to 62. Technical indicators showed USDT/BTC nearing overbought territory, suggesting potential trading opportunities in stablecoin pairs and related DeFi assets.
Dutch bank ING is developing a stablecoin in collaboration with other banks and crypto firms, aiming to leverage Europe’s new cryptocurrency regulations. The project is progressing slowly due to the need for board approvals from multiple banks. With the implementation of the Markets in Crypto Assets regime, ING's entry into the stablecoin market will intensify competition, particularly against Société Générale, which was the first major bank to launch a stablecoin.
Bank of America is set to redeem €1.25 billion of senior notes that are due in 2026. This move reflects the bank's ongoing strategy to manage its debt obligations effectively. The redemption is part of a broader financial management approach by the institution.
JPMorgan Chase is set to hold its Investor Day on April 21, 2025, at 4:54 PM Eastern Daylight Time. This event will provide insights into the bank's strategic direction and financial outlook for investors and stakeholders.
Bitcoin has surged past the $88,000 mark, its highest since early April, driven by a weak EUR/USD and thin trading volumes. Meanwhile, Donald Trump has criticized Fed Chairman Jerome Powell, raising concerns about the Fed's independence as the central bank prepares for its May meeting. Investors are eyeing the $90,000 threshold, but ongoing trade disputes pose downside risks, with potential profit-taking at lower levels like $84,000 and $80,000.
Central Banks and Digital Currencies
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ing groep to launch stablecoin in collaboration with banks and crypto firms
20:19 22.04.2025
Citigroup's 2.5 billion euro deal sparks debate on FRN repricing
20:09 22.04.2025
ING bank develops stablecoin to enter European cryptocurrency market
19:23 22.04.2025
swiss national bank faces profit decline amid market volatility and currency shifts
19:06 22.04.2025
ing prepares to launch euro stablecoin amid evolving european regulations
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17:09 22.04.2025
ing launches stablecoin initiative sparking market interest and trading activity
15:50 22.04.2025
ing collaborates on stablecoin project amid new european regulations
15:00 22.04.2025
Bank of America to redeem 1.25 billion euros in senior notes
13:50 22.04.2025
jpmorgan chase announces investor day 2025 details and agenda
22:54 21.04.2025
Bitcoin surpasses 88000 as Trump criticizes Federal Reserve again
17:02 21.04.2025
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