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Trade Finance Platform We.Trade on the Brink of Liquidation, Report says
We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.
HSBC Enters Metaverse Space through Collaboration with the Sandbox
HSBC is leaping into the metaverse to engage with customers, increase sales, widen its social media reach, and demonstrate its relevance.
HSBC and Wells Fargo Utilize Blockchain Technology, Enhancing Foreign Exchange Transactions
HSBC and Wells Fargo have formed a strategic agreement to use a settlement ledger powered by blockchain technology when undertaking foreign exchange (FX) transactions meant to minimize settlement risk.
Standard Chartered Expands Business by Joining Crypto Family
Standard Chartered, the British multinational bank (MNB), announced Wednesday that the corporation has joined and followed the cryptocurrency trend.
HSBC CEO: No Plans for Launching Crypto Trading
HSBC revealed that the bank has no plan to offer virtual currency as investments to their clients by starting cryptocurrency trading.
HSBC Prohibits Clients from Trading Bitcoin-Backed MicroStrategy Stock
HSBC has ramped up its anti-crypto policy, banning its clients from trading MicroStrategy stock as the banking institution deems it to be “a virtual currency product.”
Binance Follows Bybit in Appointing Top Compliance Official
Maxwell Baucus, former U.S. senator and ambassador to China, has joined Binance. The top official will become policy advisor and government liaison to the exchange. Given Baucus’s influence in US political circles, the move should support Binance’s expansion efforts within North America, where its Binance US platform operates.
HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China
HSBC and Wave facilitated a blockchain trade transaction for the shipment of milk powder from New Zealand dairy processor Fonterra to China’s Sichuan New Hope Trading.
Libra Association Appoints Former HSBC Executive Ian Jenkins As CRO and CFO Of Payment Systems
Libra Association has announced the appointment of former HSBC executive Ian Jenkins as chief risk officer and chief financial officer of Libra Networks.
Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.
