Tag: Bank

Deutsche Bank Posts Q1 2023 Results to Earn 11th Consecutive Quarterly Profit amid Global Banking Crisis

German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets.  Deutsche Bank registered its 11th straight quarterly profit according to its Q1 2023 earnings report released Thursday. For the period-ended March 31st, the German banking giant posted a net profit of 1.158 billion euros, or $1.28 billion. In addition, Deutsche’s net profit attributable to shareholders also comfortably surpassed the consensus estimate of 864.54 million euros, up from Q1 2022’s 1.06 billion euros. Deutsche’s first-quarter revenue came in at 7.7 billion euros, up from the…

Raiffeisen Bank Unit and Bitpanda Partner to Offer Digital Asset Investment to Banking Customers

The partners assured customers they could reach their financial ambitions starting with as little as €1. A unit of Raiffeisen Bank in Vienna has partnered with crypto company Bitpanda to offer cryptocurrencies to banking customers. As the Vienna-based unit of Raiffeisen Bank and Bitpanda came together to provide crypto to the lender’s customers, the partners signed a letter of intent to corporate. According to a statement by the lender, the evaluation of the offer should be completed by year-end. Ein wichtiger Schritt für die Krypto-Adoption in der EU: Raiffeisenlandesbank hat…

NY investment bank says ‘crypto winter is over,’ bullish outlook for Coinbase

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Analysts from the prominent New York-based investment bank H.C. Wainwright have declared an end to “crypto winter.” The bank has initiated its coverage of U.S. crypto exchange Coinbase with a “buy” rating, saying that the company stands to benefit from the growing cryptocurrency industry around the globe. In an April 26 note sent out to investors, Wainwright analyst Mike Colonnese observed that overall crypto asset prices have rallied 45% year-to-date (YTD) supported by a 67% increase in the price of Bitcoin (BTC). According to the analyst, markets “have likely now…

Bitcoin hovers around $28k after First Republic Bank stock tanks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities. BTC was over $28,000 mark Bitcoin bulls have reemerged, following the recent decline, to push the price above the $28,000 mark. BTC is trading at $27,984, up 2% over the last 24 hours. Notably, the surge, similar to the aftermath of the Silicon Valley Bank and Signature Bank’s downfall,…

US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30% – Bitcoin News

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In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors to flee the bank, causing its shares to dive-bomb by over 50% on Tuesday. Shares From America’s 14th Largest Bank Decimated Over the Last Two Days The situation only worsened as pre-market trading began, and by 11:00 a.m. on Wednesday, First…

Leader of a Miami Crew Pleads Guilty to $4M Bank, Crypto Fraud Charges

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First Republic Bank dives another 20% with Bitcoin ‘ready for $40K’

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Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% gains versus its local lows from April 24. The pair continued to respond positively to the rapidly-evolving next chapter of the U.S. banking crisis. This centered around First Republic Bank, which revealed a $100 billion reduction…

BTC Moves Back Above $29,000, After Customers Withdraw $100 Billion From First Republic Bank – Market Updates Bitcoin News

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Bitcoin was back above $29,000 on Wednesday, as markets continued to react to concerns over First Republic Bank. It was reported that customers withdrew around $100 billion in deposits from First Republic in March. Ethereum was also higher on the news, climbing back above $1,900. Bitcoin Bitcoin (BTC) rebounded strongly on Wednesday, as markets reacted to the news that deposits in First Republic Bank fell by $100 billion last month. BTC/USD surged to a peak of $29,121.97 earlier in today’s session, following a low of $27,217.17 the day before. This…

Bitcoin Breaches $28,000 amid Renewed First Republic Bank Crisis

While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier digital currency is changing hands at $28,810.19 after printing a 5.41% growth over the past 24 hours. Riding on its current outlook, the cryptocurrency is now paring off the losses it accrued in the trailing 7-day period in what…