Deutsche Bank To Offer Crypto Custody For Institutions

Stock futures rose Thursday, reversing Wednesday's selloff after the Fed's first rate hike in three years. Key events: Diamondback Energy's largest shareholder sold $2B in shares, ExxonMobil nears a deal in Venezuela, and Generac Holdings surged after a $2.4B Amazon deal. Lennar cut its home delivery target, citing housing market pressures. Brent crude fell below $105/barrel.

Deutsche Bank is awaiting regulatory approval to offer institutional crypto custody services for Bitcoin, Ether, and select stablecoins in Europe. The bank expects to launch this year, subject to EU's MiCA framework, with plans to expand to tokenized assets later. Deutsche Bank is a Global Systemically Important Bank and has been developing crypto services, including potential stablecoin issuance. Other German banks, like Landesbank Baden-Württemberg and DZ Bank, have also entered the crypto cus

Bank of America (BAC) CEO Brian Moynihan warned of a 10%+ decline in Q3 investment banking fees to $1.6B–$1.8B, down from $2B in Q3 2025, and flat sales and trading revenue versus $5.4B last year. BAC shares fell 5.14% to $59.47, dragging the S&P 500 Banks Index down 2.7%. Jefferies data showed IB proxy revenue for eight major global banks down 15% YoY and 27% from Q2. Other banks like Goldman Sachs (GS), JPMorgan (JPM), and Morgan Stanley (MS) also saw declines, while Royal Bank of Canada repor

Deutsche Bank settled a lawsuit with former banker Dario Schiraldi for an undisclosed sum, days before trial. Schiraldi sought €152M ($176.62M) in damages over 2008 deals with Monte dei Paschi. The bank claims minimal financial impact on Q3 earnings. Four other former employees are still seeking £600M ($812.16M) in a London court. The cases involve allegations of reputational damage and scrutiny of Deutsche Bank CEO Christian Sewing's handling of the matter.

A 21-bank consortium, including Goldman Sachs (GS) and Wells Fargo (WFC), plans to launch a dollar-backed stablecoin by 2027, aiming to compete with crypto-native issuers like Tether and Circle (CRCL). The stablecoin will be pegged 1:1 to the U.S. dollar and designed for institutional and retail uses, with plans to expand into other G7 currencies. The move is seen as a strategic effort to retain deposits within the traditional banking system and leverage blockchain technology for payments and se

Goldman Sachs, Bank of America, Citi, and Deutsche Bank are among 21 firms planning to launch a US dollar-pegged stablecoin in early 2027, expanding to other G7 currencies later. The group aims to compete with Qivalis, a consortium planning a euro-pegged stablecoin in 2026. Stablecoin demand remains low, with Tether dominating the market.