EU Central Banks Facing Triple Dilemma amid Growing Inflation
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development.
The innovation firm R3 has received support from five additional banks that joined the company’s project on developing blockchain solutions for the finance industry.
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development.
The acquisition of Credit Suisse by the bigger bank has been viewed using different lenses by industry observers.
GMEX thinks that migrating from regulated asset classes into crypto would be an easier task with Pyctor.
ING said that it increased provision on the anticipation that higher inflation might hurt customers’ ability to pay mortgages in the coming year of 2022.
ING has commenced working with the Netherland Authority for the Financial Markets on a trial of its peer-to-peer DeFi lending protocol.
ING said that it is working on its loan provisioning as the provisions for bad loans dropped 51%. The slowdown in the economic activity also affected the bank’s total lending business.
In its outlook, UBS warned that continued group credit losses could be expected in the second half of the year due to the coronavirus pandemic, but said these would be below those seen in the first half, especially in Q2.
Veterans in the tech and finance space have launched InterWork Alliance tasked with providing a neutral platform for the development of the global standards for tokenization.
In yet another shakeup, leading financial institution UBS Group removed Sergio Ermotti as its Chief Executive Officer and will replace him with ING Group’s Ralph Hammer. It is already the second major lender after Credit Suisse to replace its leading figure this month.
Transparency and security – whenever these two words are taken together, the first name that hits our mind is blockchain.