Korea's Largest Bank KB Kookmin Enters the Digital Asset Custody Race

The digital asset custody race is picking up in the East Asian nation of South Korea.  KB Kookmin, the country’s largest bank, is about to launch the nation’s first digital asset custody service platform. As per reports, the financial institution is teaming up with Atomrigs Lab, a blockchain startup. Subsequently, the strategic partnership between the two businesses was signed on […]

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South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification

South Korea’s Shinhan Bank has announced the introduction of a blockchain system that replaces the manual verification process of documents, according to a report by CNB Journal. The blockchain system has been applied to the Shinhan Doctor Loan product aimed at medical professionals and considerably reduces the time spent to verify documents such as certificates of employment from two to […]

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Investors renew calls for Deutsche Bank to trim investment bank

FRANKFURT (Reuters) – Deutsche Bank investors are renewing calls for it to scale back its investment bank division ahead of what promises to be a challenging annual shareholder meeting next week. The future of Deutsche Bank’s investment banking operations has returned to the fore after the collapse of merger talks with smaller rival Commerzbank. One major investor is trying to […]

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NAB to ditch 50 business bank fees in new shake-up

National Australia Bank is scrapping 50 types of fees paid by business customers, and could "radically" cut the number of fees charged across the bank as part of a plan to simplify its operations. In a move aimed at better dealing with customers and reducing complexity, NAB on Friday said business clients would be the first to benefit from its […]

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Bank of America secures crypto-patent, new headache for Bitfinex and more

Crypto News- 02 May Binance celebrates World Password Day: Binance’s native token, Binance coin, surged by over 5% in 2 hours as the exchange celebrated World Password Day Read more at https://bit.ly/2PN7N3S BitPay-Refundo partnership: Bitpay announced its partnership with Refundo, a collaboration that will enable customers to receive U.S Federal and State tax refunds in Bitcoin [BTC] Read more at https://bit.ly/2PH8go2 Ripple […]

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How Yes Bank lost Rs 16,049 cr investor money in one day

The scrip was the worst hit among the front-line companies on both the indices during the day. Shares of Yes Bank slumped nearly 30 per cent on Tuesday after the company reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 31, owing to rise in provisioning for bad loans. The scrip tanked 29.23 per cent to […]

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