Ripple is making a bold move out of the crypto space and solidifying its position in traditional finance as well. Recently, it has applied for the national banking license in the US to step into both traditional and decentralized finance. Notably, it is not the first one to do so, and experts believe that the
Join Our Telegram channel to stay up to date on breaking news coverage Fintech firm Ripple Labs is applying for a US banking license to boost the trust of its RLUSD stablecoin and deepen its ties in the traditional financial system. In a July 2 X post, Ripple’s CEO Brad Garnlinghouse confirmed the news following
Jack Draper and Jack Pinnington Jones used to share a car ride and rap music on the way to the National Tennis Centre as teenagers. Now the two pals are on the same journey through the draw at Wimbledon – and the world No.4 still hasn’t changed his car. Draper, then 17, would pick up
CAPE TOWN – Minister of Mineral and Petroleum Resources Gwede Mantashe is banking on lifting the moratorium on shale gas exploration, so that the government can start work in the sector. Mantashe said shale gas is a potential “game changer” and the sooner the country taps into this resource and starts exploring parts of the
“Is Qonto a real bank?” is one of the top suggested questions in Google searches about the French fintech startup. The answer is no, but it could change: Qonto has filed for a banking license in France, CEO Alexandre Prot revealed. Qonto, which targets European freelancers and SMBs, currently operates with a payment institution license
[SINGAPORE] Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes within the bank’s Apac Investment Banking business announced on Thursday (Jul 3). Most recently, Satchwell was the Australia country chief executive officer and head of investment banking, Australia. For the new role, he will relocate
PETALING JAYA: The banking sector is oversold amid lingering uncertainties over tariffs, according to Kenanga Research. “Based on past performances, we believe banks are adopting a conservative guidance on loan growth (where concerns may lie on more regionally exposed banks), while asset quality remains a minimal concern,” it said. The research house, which maintained its
Japanese multinational financial institution Sumitomo Mitsui Banking Corporation expanded its presence at the Stahl Organization’s 277 Park Avenue office tower by 50,000 square feet, bringing its total footprint within the 50-story building to 316,000 square feet. The length of the lease and the asking rent were not immediately available, but asking rent at 277 Park
Key Takeaways Ripple joins a wave of crypto firms seeking federal banking licenses. Beyond its stablecoin business, Ripple hinted at plans to offer broader crypto-based financial services under a national banking framework. Share this article San Francisco–based blockchain payments firm Ripple has formally applied for a national banking license from the US Office of the
Goldman Sachs veteran Raghav Maliah has been appointed its global chairman of investment banking, according to a staff memo seen by Banking Dive. “As we continue to grow and unite our investment banking business across Asia Pacific, Raghav will lead our work with a broader array of clients, leveraging his deep understanding of global industries