PNC ready to let customers trade cryptocurrency

PNC ready to let customers trade cryptocurrency | FDIC, Truist team on fund to back minority banks | Brevan Howard to launch new digital assets unit Created for {EMAIL} | [Web Version]( September 22, 2021 [SIGN UP]( ⋅ [SHARE]( [] Risk Management and Insurance [] [PNC ready to let customers trade cryptocurrency]( PNC CEO Bill Demchak said the bank has the tools and processes in place, as well as client demand, to allow customers to start trading cryptocurrency. However, the bank wants clarity on some key regulatory issues before it launches the offering, Demchak said. Full Story: [American Banker]( (9/14) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [FDIC, Truist team on fund to back minority banks]( The Federal Deposit Insurance Corp. has teamed with Truist Financial and Microsoft to develop the Mission-Driven Bank Fund, a fund that invests in minority-owned banks or those that primarily serve minorities. "This fund is supposed to leverage the investments from others under the brand of the FDIC, and then allow every dollar to be multiplied exponentially for the benefit of homeowners and small businesses and credit in the communities where it is needed the most," said FDIC Chair Jelena McWilliams. Full Story: [CNBC]( (9/15) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Brevan Howard to launch new digital assets unit]( Hedge fund Brevan Howard is launching BH Digital, a new unit for expanding its cryptocurrency and digital assets business to meet increased institutional interest. Brevan Howard says it is hiring CMT Digital co-founder and CEO Colleen Sullivan to lead the unit. Full Story: [BNN Bloomberg (Canada)]( (9/13), [Financial Times (subscription required)]( (9/13), [Reuters]( (9/13) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Report: BNPL a major threat to debit card use]( BNN Bloomberg (Canada) (9/20) [] - [Amazon, Square step up moves into banking]( American Banker (9/20) [] Cybersecurity [] [The case against putting all data in one basket]( As tempting as it might be to have all your enterprise's data stored with one cloud provider, there are downfalls, writes Quina Baterna. "When a single provider has access to your critical business data, they become the primary target for hackers, shady competitors and so on," Baterna notes. Full Story: [MakeUseOf]( (9/20) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Survey: Financial firms increasing cloud computing use]( WatersTechnology (subscription required) (9/20) [] Government Regulation [] [Biden's CFTC picks may help cryptocurrency regulation]( President Joe Biden's two picks for positions at the Commodity Futures Trading Commission could potentially bring positive changes to the way the agency handles cryptocurrency regulation if acting CFTC Chair Rostin Behnam becomes permanent, experts say. With the addition of Kristin Johnson and Christy Goldsmith as commissioners, it is expected that "crypto-related issues would form an important part of their respective agendas if confirmed," says former CFTC general counsel Daniel Davis. Full Story: [Futures Industry Association]( (9/17), [Cointelegraph]( (9/18) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Regulators aim to guide banks on climate risk management]( Reuters (9/15) [] Innovation [] [Banks tap automation to ease tedium of junior staff]( Investment banks including Goldman Sachs and Barclays are working to automate duties, such as modeling valuations, assembling pitch books and formatting presentations, to streamline some of the tasks of junior bankers. "The goal with this is to allow younger bankers to do more and more of the meaningful and less and less of the menial," said Dan Dees, Goldman's co-head of investment banking. Full Story: [Financial Times (subscription required)]( (9/14) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [] You are not lucky to be here. The world needs your perspective. They are lucky to have you. 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