HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK – Finance Bitcoin News
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HSBC UK reportedly cuts credit card payments to Binance
Banks in the United Kingdom continue cracking down on Binance cryptocurrency exchange, with banking giant HSBC reportedly becoming the latest bank to cut payment channels to the platform.A series of alleged HSBC clients reported on Twitter this Monday that HSBC UK had suspended credit card payments to Binance.According to an
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HSBC Beats Expectations, Records 100 Percent Increase in Pre-tax Profit in H1 2021
HSBC shares in Hong Kong jumped more than 3% following earnings release. On NYSE, the stock is up 1.56%.In an announcement that has taken the industry by storm and caught experts unaware, HSBC Holdings plc (NYSE: HSBC) has announced that its Pre-tax profit for the first half of the year
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HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction
The Bangladesh arm of HSBC, one of the world’s largest banks, has completed the country’s first cross-border blockchain trade finance transaction.According to a press release on Tuesday, the digitized letter of credit (LC) transaction brought a notable reduction in the processing time compared with traditional methods – down from the
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HSBC Bangladesh uses blockchain to import 20,000 tons of fuel oil from Singapore
The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform.The transaction was used to settle the importation of 20,000 tonnes of fuel oil from United Group’s Singapore subsidiary United Mymensingh Power.HSBC Bangaladesh’s chief executive, Md Mahbub
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HSBC, Standard Chartered Indicted in Money Laundering, Shares Down
The unprecedented plunge of the shares of HSBC and Standard Chartered on the Hong Kong Stock Exchange has pushed the exchange to lead losses in the Asian region.Renowned international banks including the Hong Kong-based arms of HSBC Holding Plc (HKG: 0005), Standard Chartered Plc (HKG: 2888), and others have been
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Former HSBC, Citigroup, Merrill Lynch Execs Start $50M Crypto Fund
Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians. Source
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French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot
Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today.The list of approved participants includes mainstream juggernauts like Accenture, HSBC, and Societe Generale, as well as smaller crypto-focused players like Seba Bank and LiquidShare.The announcement
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Binance Hires Former HSBC Banker and Fintech Veteran to Lead UK Growth
Major cryptocurrency exchange Binance has hired banking and fintech veteran Teana Baker-Taylor to lead its expansion in the United Kingdom and European market.Baker-Taylor has over 20 years of experience in HSBC, Citi, and the Royal Bank of Scotland, and was the executive director of U.K.-headquartered blockchain and digital assets industry
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HSBC to Drop 35,000 Jobs and Invest in Digital Finance
In an earnings call held on Tuesday, Feb. 18, an HSBC executive revealed the bank plans to cut 35,000 jobs by the end of 2022 and invest more in digital systems. The plan for HSBC in the next three years is to cut down on staff and branches and simplify
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