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U.S. law enforcement agencies have started their money laundering investigations of Danske Bank, Denmark’s largest bank, according to the Wall Street Journal. Citigroup and Deutsche Bank have been implicated. Danske Bank is also currently under investigation by Denmark and Estonia and its CEO reportedly ignored warnings of suspicious transactions. Also read: 160 Crypto Exchanges Seek to … Read more
Jamie Forese, the president and CEO of Citibank’s institutional clients group, stated in an interview with the FT that 20,000 employees, or around 40 percent of the bank’s total workforce, can be easily replaced with machine learning and artificial intelligence (AI). Banks are Replacing Employees with AI According to Forese, more than 40 percent of … Read more
MoneyToken Financial Services welcomes the CEO and COO of Bitcoin.com onto the MoneyToken advisory board. MoneyToken.Com is a blockchain-based financial services platform founded by US and UK FinTech experts with a team whose background includes years of experience at Goldman Sachs, Prudential Financial, Citibank, Ernst & Young, and Bloomberg. The company has launched it’s Public … Read more
While TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten TD Bank Halts Crypto Credit Card Purchases Canada’s largest bank … Read more
Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Largest British Banking Group Banning Crypto Britain’s … Read more
