China Construction Bank
Major banks moved vast sums of illicit money – investigation
Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations. “Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financi...
Bitcoin could Rank as the 8th Largest Bank Globally, Research Says
If Bitcoin were a bank, it would rank as the eighth largest bank globally with a market cap of $169.01 billion, according to data gathered by Buy Shares. Bitcoin continues to lead the cryptocurrency sector towards mainstream adoption on a global scale by directly competing with traditional players like banks. The asset’s high cap correlates with its impressive 27.18% ROI on a Year-to-Date basis. Bitcoin beats traditional markets in ROI From the data, JP Morgan Chase’s cap of $433.5 billion, makes it the biggest bank in the world. Bitcoin would also rank lower than the Bank of America with a market cap of $306 billion. /* custom css */ .tdi_3_52f.td-a-rec-img{ text-align: left; }.tdi_3_52f.td-a-rec-img img{ margin: 0 auto 0 0; } ICBC ranks third with a capitalization of $290.9 billion follo...
