The encryption prices jumped after Trump supports us “encryption reserve”; Deutsche Bank clashed with the European Central Bank due to the provisions of the loan loss

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The encryption prices jump after Trump supports us “Cryotation Reserve”

The prices of encoded currency jumped after US President Donald Trump announced on Sunday’s plans to obtain a strategic reserve for the United States for digital assets.

The initiative aims to create a stock of encrypted currencies, including bitcoin and less trading symbols such as Ethereum, XRP, Solana and Cardano.

Trump said in a position on the social truth: “The US encryption reserve will work to raise this critical industry after years of corrupt attacks by the Biden administration,” Trump said in a position on the social truth.

Bitcoin price increased by more than 11 percent on Sunday to trade more than 94,000 dollars before heading slightly less in trading early Monday.

Reserves have always been defended by the cryptocurrency industry, which believes a structure similar to Fort Knox For Gold, designed to buy and contract Bitcoin and other symbols, will provide legitimacy to the asset category.

According to the Financial Times Decision, the proposals are already submitted through legislative bodies in the states and state. The Senate Bill, supported by Republicans, aims to delegate the US Treasury to buy 1 million bitcoin, at a value of 94 billion dollars based on the current market prices.

However, bills have faced opposition, including some Republican lawmakers who argue that they can endanger taxpayer money.

The proposed reserve also raised concerns about the conflict of potential interests, because some Trump advisors have financial relations with the cryptocurrency market.

Deutsche Bank clashed with the European Central Bank due to the provisions of the loan loss

Deutsche Bank applauded repeated disputes with the European Central Bank throughout 2024 due to fears that the German lender was reducing possible loan losses.

The sources said that the European Central Bank indicated with the management of credit risk in Deutsche and internal risk models on multiple occasions. The Central Bank also defied the provisions of the Deutsche loan loss for 2024, indicating that the amount must be closer to 2.5 billion euros instead of the bank of 1.5 billion euros.

The bank ultimately issued warning to investors that the provisions of bad loans will exceed its initial expectations of 1.5 billion euros, as it reached a total of 1.8 billion euros for a period of 2024, and 22 percent higher than the previous year. By the end of the year, it had allocated 5.7 billion euros for possible losses in the loan book of 485 billion euros.

After her warnings about bad loans, Deutsche announced that the chief risk employee, Olivier Vigamron, will step down after only three years. The bank is scheduled to leave in May when its contract expires.

Another source said that the European Central Bank was also considered a greater increase in the capitalist duties, but eventually settled at a height of 25 points after the successful pressure from the bank.

A spokesperson for Deutsche FT told that he maintains a “continuous and constructive dialogue with our supervisors” and “felt comfortable” about risk management.

The European Central Bank refused to comment.

Banco BPM wins support to upload an Anima show with a unicredit threat

Banco BPM has obtained the approval of the shareholders to increase its offer to the Fund’s director, Anima, which represents a decisive step in its efforts to ward off the acquisition of all participation of 10 billion euros.

The bank now offers 7 euros per grades of Anima, an increase of 6.2 euros, to get 77.6 percent of the company that you already do not own. The proposal was supported by 97.6 percent of shareholders at Friday meeting.

The deal amounting to 1.8 billion euros will help increase the Banco BPM revenues from selling Anima investment funds in its branches, especially since the low interest rates of lending margins.

Unicredit warned in February that it might be Withdraw View it to Banco BPM if the last offer for Anima.

Julius Bayer is called the head of HSBC Noel Quinn as the next president

Julius Bayer was appointed as the former CEO of HSBC Noel Quinn as his next president, as the wealth manager aims to fix his financial resources after great losses linked to the collapsed real estate group in 2023.

The shareholders will vote for his appointment at the annual general meeting of the Swiss Bank on April 10, with Queen taking over at the beginning of May. Romeo Lacher will succeed, which is stepped.

Queen, who spent 37 years in HSBC, said he was a “real privilege” for his nominated, adding that he is looking forward to working with the Board of Directors and Administration “to take advantage of the many exciting opportunities.”

Earlier this month, Julius Bayer announced plans to reduce costs and said it would make a strategic update in June.

The bank also revealed that the Swiss financial organizer Vinama had launched enforcement procedures against it after its losses SFR586MN ($ 650 million) on loans to Signa.