All articles tagged with #standard chartered
Standard Chartered's shares dropped nearly 9% after a US Republican lawmaker called for an investigation into the bank over alleged sanctions evasion, despite the bank denying the allegations and stating they are false and repeatedly dismissed by US courts.
Standard Chartered faces a $2.7 billion lawsuit in Singapore over its alleged role in the 1MDB scandal, involving money laundering and failure to conduct proper anti-money laundering checks, as part of a broader investigation into the theft of billions from Malaysia's sovereign wealth fund.
Standard Chartered predicts Bitcoin could reach $200,000 by the end of 2025, driven by strong institutional inflows and increased adoption by traditional financial institutions. Geoffrey Kendrick notes that institutional demand has already pushed Bitcoin past $100,000, with significant purchases from U.S. spot ETFs and companies like MicroStrategy. The report highlights the potential impact of U.S. retirement and sovereign wealth funds, with regulatory changes expected to facilitate greater participation from traditional finance.
Standard Chartered predicts that Bitcoin could reach $150,000 by the end of the year if Trump wins the U.S. presidential election, driven by growing bipartisan interest in crypto and recent regulatory developments.
Standard Chartered, a major UK bank, is accused in US court documents of conducting billions of dollars in transactions for entities funding terrorist groups like Hezbollah and al-Qaeda, breaching sanctions against Iran from 2008 to 2013. Despite previous fines and deferred prosecution agreements, new evidence from whistleblowers suggests the bank's misconduct was more extensive than previously disclosed. The bank disputes these claims, which US authorities had earlier deemed "meritless."
New whistleblower claims have emerged regarding Standard Chartered's transactions involving Iran, raising concerns about potential financial misconduct.
Standard Chartered analysts predict that Ethereum (ETH) could reach $14,000 by 2025, driven by the potential introduction of Spot ETH Exchange Traded Funds (ETFs) and the recent Ethereum upgrade. They anticipate a surge to $8,000 by the end of 2024 and $14,000 by 2025 if the SEC approves Ethereum Spot ETFs, projecting $45 billion in market inflows. Analysts believe that approval could lead to a significant rise in ETH's price, similar to the impact of Bitcoin ETF approval.
Standard Chartered analysts predict Ethereum could reach $8,000 by the end of 2022 and $14,000 by 2025, contingent on the approval of spot Ethereum exchange-traded funds (ETFs) by the SEC. The recent network upgrade and potential ETF approval are seen as driving factors for Ethereum's price surge. Additionally, the bank also forecasts Bitcoin to potentially reach $150,000 by the end of this year due to the popularity of newly approved ETFs.
Standard Chartered analysts predict that Bitcoin will reach $150,000 this year and potentially hit $250,000 by 2025 if ETF flows continue to grow, revising their previous forecast of $100,000 by 2024. The bank compares the potential impact of Bitcoin ETFs to that of gold ETFs, suggesting that Bitcoin's market will mature much faster. Bitcoin recently reached a new all-time high of $73,737 before settling around $67,100, with the U.S. SEC approving 11 spot Bitcoin ETFs in January, leading to record inflows and rising demand from traditional investors.
Standard Chartered predicts that Bitcoin could rally to $150,000 by the end of this year and potentially reach $250,000 by 2025, citing increasing institutional interest and adoption as key drivers for the cryptocurrency's price surge.
Standard Chartered has raised its year-end bitcoin price forecast to $150,000 and predicts a high of $250,000 for 2025, attributing the analysis to the impact of ETFs and correlation between ETF inflows and BTC price. The bank also anticipates ether's price to potentially reach $8,000 by year-end if a spot exchange-traded fund is approved in the U.S., and sees a potential ETH price of $14,000 by 2025.
Standard Chartered is considering restructuring its institutional banking arm, potentially separating its investment bank from its corporate and commercial banking operations, as part of CEO Bill Winters' efforts to improve the lender's returns, with job cuts being a possible outcome.
Bitcoin surged past $50,000 for the first time in over two years, driven by increasing demand for bitcoin ETFs and anticipation of rate cuts. Standard Chartered analysts maintain the possibility of bitcoin reaching $100,000 by year-end. The cryptocurrency's rally is also attributed to a broader risk-on shift in the market as investors prepare for potential Federal Reserve interest rate cuts. With the next bitcoin halving event approaching in April, investors are optimistic about the token's future performance.
Standard Chartered predicts that if the U.S. SEC approves spot bitcoin ETFs, there could be inflows of over $1 billion in the next three months and potentially more than $100 billion by the end of the year. The bank also forecasts that bitcoin could rise to $100,000 by year-end and potentially to levels closer to $200,000 by the end of 2025 if the inflows materialize as expected. Analysts and industry experts are anticipating heavy demand for bitcoin ETFs if approved, with predictions of significant inflows and potential gains similar to those seen in the gold market.
Zodia Custody, a cryptocurrency storage provider backed by Standard Chartered, is joining Ripple-owned custody specialist Metaco's network to offer global sub-custody services. The integration aims to link multiple custodians together and provide compliant storage and settlement of digital assets for institutions worldwide. This move reflects the evolving infrastructure of crypto custody, resembling traditional finance practices, and highlights the growing popularity of crypto storage and settlement networks. Zodia Custody has expanded its operations to Singapore, while its sister company, Zodia Markets, has received approval to operate as an OTC crypto broker-dealer in Abu Dhabi.