Topic: #banks
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Goldman, Wells Fargo and Morgan Stanley frame tokenization as growth on Q3 calls
Executives at Goldman Sachs, Wells Fargo and Morgan Stanley described tokenization as an opportunity on third-quarter earnings calls, CoinDesk reported, but said activity is still small and gave no revenue figures.
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Stablecoin firm Rain applies for OCC trust bank charter to cut third-party reliance
Stablecoin payments company Rain has applied for an OCC trust-bank charter for a proposed New York subsidiary that would hold digital assets and dollars and issue and redeem stablecoins, CoinDesk reported.
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Kraken parent Payward plugs into Singapore Gulf Bank network for 24/7 USD settlement
Payward, the company behind Kraken, integrated Singapore Gulf Bank's real-time clearing network so select institutional clients in Asia and the Gulf can settle U.S. dollar crypto transactions around the clock.
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Wells Fargo's Mike Mayo says AI 'scare trade' in bank stocks is overblown
Wells Fargo analyst Mike Mayo called the AI-driven selloff in bank stocks an exaggerated “scare trade,” arguing customer trust is a moat chatbots can't easily overcome, Crypto Briefing reported.
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Stand With Crypto UK mobilizes 286K members against bank crypto blocks
The Coinbase-backed advocacy group Stand With Crypto UK is mobilizing its 286,000 members to lodge formal complaints against British retail banks that impose blanket restrictions on crypto transactions, citing FCA data showing 40% of domestic transfers are blocked or delayed.