Crypto Venture Acquires 10% Stake In "Very Conservative" German Bank

Austria might demand a stake in Lufthansa in exchange for granting emergency aid to the German flag carrier's unit Austrian Airlines, the country's conservative chancellor, Sebastian Kurz, said on Wednesday......»»

Credit Suisse has received regulatory approval to take a majority stake in its Chinese investment banking joint venture, the bank said in a statement on Friday......»»

Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts......»»

Deutsche Bank said on Thursday that Capital Group now holds a 3.1% stake in the German bank, making the Los Angeles-based firm one of its largest shareholders......»»

UPS continues to bank on electric as its future. United Parcel Service Inc. (NYSE: UPS) said Wednesday, Jan. 29, that its venture capital arm, UPS Ventures, will expand its investment in U.K.-based electric vehicle maker Arrival. It also commit.....»»

UPS continues to bank on electric as its future. United Parcel Service Inc. (NYSE: UPS) said Wednesday its venture capital arm, UPS Ventures, will expand its investment in U.K.-based electric vehicle maker Arrival, and committed to buying 10,000 EVs .....»»

U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter......»»

Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker......»»

Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker......»»

Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters......»»

Berlin-based solarisBank has opened a subsidiary to offer a white-labeled custody product to nonbanks interested in offering crypto products......»»

The German bank is set to help European retailers accept bitcoin payments in early 2020......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos......»»

Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos......»»

Galaxy Digital, the crypto bank founded by Michael Novogratz, has sold its position in Block.one, the maker of the EOS blockchain, for $71 million......»»

JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2 percent of the business up for sale that analysts expect the Wall Street bank to lap up......»»

Bitcoin futures exchange Bakkt has acquired the Digital Asset Custody Company and is working with global bank BNY Mellon on crypto key storage......»»

As German markets regulator BaFin investigates a Financial Times reporter for allegedly.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»