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Bitcoin/Banking

Banks shrink capital shortfalls under Basel rules

LONDON (Reuters) – Top international banks collectively need 30 billion euros ($ 34 billion) of capital by January 2027 to fully comply with rules aimed at avoiding taxpayer bailouts of lenders, regulators said on Wednesday. The Basel Committee of banking regulators from leading financial centers said their latest update on compliance to June 2018 does not reflect the final version ...

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‘Harnessing blockchain can help Oman build robust energy infrastructure’

Since the development of Bitcoin in 2008, the interest in blockchain technology has expanded into many different industries, with its global market predicted to grow to US$ 2.3bn by 2021. However, despite the impact blockchain may have on different industries and its clear potential to disintermediate and shorten entire value chains, the technology is still young. Organisations are now starting ...

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A Boost To Big Banks Draws Democratic Support

Four top federal regulators ― including two Democrats ― urged the Federal Reserve last month to weaken a key post-crisis rule limiting risk-taking at the nation’s six largest banks. If successful, the bipartisan effort would boost short-term bank profits but render the financial system vulnerable to another crash. <div class="content-list-compone… Banking Industry News

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A Boost To Big Banks Draws Democratic Support

Four top federal regulators ― including two Democrats ― urged the Federal Reserve last month to weaken a key post-crisis rule limiting risk-taking at the nation’s six largest banks. If successful, the bipartisan effort would boost short-term bank profits but render the financial system vulnerable to another crash. <div class="content-list-compone… Banking Industry News

Read More »

A Boost To Big Banks Draws Democratic Support

Four top federal regulators ― including two Democrats ― urged the Federal Reserve last month to weaken a key post-crisis rule limiting risk-taking at the nation’s six largest banks. If successful, the bipartisan effort would boost short-term bank profits but render the financial system vulnerable to another crash. <div class="content-list-compone… Banking Industry News

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IBM A/NZ is assembling a 50-strong blockchain team

IBM A/NZ is assembling a team of 50 blockchain consultants and architects in Australia this year to work under its global services brand as the vendor finds more production use cases for the technology. Head of blockchain for A/NZ, Rupert Colchester, told iTnews that the global services team is in addition to other local blockchain resources, such as a development ...

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A Boost To Big Banks Draws Democratic Support

Four top federal regulators ― including two Democrats ― urged the Federal Reserve last month to weaken a key post-crisis rule limiting risk-taking at the nation’s six largest banks. If successful, the bipartisan effort would boost short-term bank profits but render the financial system vulnerable to another crash. <div class="content-list-compone… Banking Industry News

Read More »

A Boost To Big Banks Draws Democratic Support

Four top federal regulators ― including two Democrats ― urged the Federal Reserve last month to weaken a key post-crisis rule limiting risk-taking at the nation’s six largest banks. If successful, the bipartisan effort would boost short-term bank profits but render the financial system vulnerable to another crash. <div class="content-list-compone… Banking Industry News

Read More »

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