Banking Wholesale

Latest News for: Banking wholesale

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JPMorgan is launching the first US bank-backed digital token

The Times of India 19 Feb 2019

There is significant adoption potential for JPMorgan's token money, given the size of its wholesale business, and rollouts like this signal increasing engagement with blockchain by banks going forward. The banking giant moves over $6 trillion globally per day for companies, ......

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Foreign exchange rates

Canada Dot Com 19 Feb 2019

OTTAWA — These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Tuesday. Quotations in Canadian funds. Australia dollar 0.9462 ... N.Z ... ....

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School board agrees to pay $56,000 for natural gas line

Kingsport Times-News 19 Feb 2019

... of a four-inch gas service line from Shipley Ferry Road to the new high school off Lynn Road near the former Sam’s Wholesale Club, now home to Second Harvest Food Bank....

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Citizens Financial Group Further Expands M&A Advisory Team with Bowstring Advisors Acquisition

Waco Tribune-Herald 19 Feb 2019

In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance ... PROFESSIONAL SERVICES BANKING FINANCE....

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Billionaire Tim Draper reacts to Jamie Dimon launching his own cryptocurrency

A Bit of News 18 Feb 2019

Nearly two years after JPMorgan Chase chief Jamie Dimon famously bashed bitcoin, calling it a “fraud” and “worse than tulip bulbs,” he announced that his bank has created its own cryptocurrency prototype. Dubbed JPM Coin, the new tokens, are set to be tested on clients of the big bank’s wholesale payments business....

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Largest Banks Adopting Blockchain Technology

A Bit of News 18 Feb 2019

In midst of all these inventions, one of the largest financial banks of worked JP Morgan has launched is own digital asset, known as JP Morgan Stable Coin ... Only wholesale customers of JP Morgan bank would be able to access these JP Morgan Stable coin at this initial stage ... Also, these stable coins will issue by the JP Morgan bank itself....

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Hivemind Announces Funding Round Jointly Led By Fidelity International and Barclays

Market Watch 18 Feb 2019

Our clients range from central banks, ... Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US....

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NBFCs will retain place under the sun

The Hindu 17 Feb 2019

After a steady growth over the past few fiscals, the trajectory of NBFCs (non-banking financial companies) and housing finance companies (HFCs) is set to change again after the latest round of liquidity challenges ... In the third quarter of this fiscal, non-banks have curtailed disbursements by 20-40%, even more in the non-retail segments....

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100 Years Ago: ‘Evil-toothed bulldog,’ kick-happy mule highlight this week 100 years ago

The Tribune Greeley 17 Feb 2019

A Boys and Girls Pig Club is being started by the Northern Bank & Trust Co. The bank will purchase the pigs, give them to the boys and girls in the city and county, When the pigs have matured, the bank will sell the pigs. The boys and girls will receive funds, after the bank has subtracted the purchase price and interest on the loans....

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HPU president says trust the process with BB&T-SunTrust merger

Winston-Salem Journal 17 Feb 2019

Qubein is the bank’s longest-serving board member — 29 years and counting ... Winston-Salem will probably keep thousands of community banking-affiliated jobs and likely moving similar SunTrust divisional jobs here, as BB&T wholesale-banking jobs go to Atlanta, which will lose SunTrust’s corporate headquarters....

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Someone Please Let Jamie Dimon Know That His New Cryptocurrency is a Fraud

A Bit of News 17 Feb 2019

announced Thursday it would be the first major institutional bank to release its own cryptocurrency ... This is also just a way for JP Morgan, which says its new bank token is designed for wholesale business-to-business financial settlement among its major clients, to inflate its reserves with new JPM bucks created out of thin air and tell its clients....

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JPMorgan Finds Business Case for Blockchain in Payments on Cheddar

A Bit of News 16 Feb 2019

... last Investor Day, noting that “digital and payments strategies transcend all of our businesses.” Last month, the company merged its Merchant Services unit with the Treasury Services division of its Corporate and Investment Bank to create a single Wholesale Payments unit....

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JPMorgan create digital coin to speed up corporate payments

Independent online (SA) 16 Feb 2019

JPMorgan moves more than $5 trillion in wholesale payments each day, so even a nascent experiment from the banking giant is poised to make waves in the cryptocurrency world ... The bank in January revamped its treasury-services business, combining teams from the consumer and ......