Call Buying Activity in Bank of America (BAC) Continues -Susquehanna
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September 12, 2017 2:33 PM EDT
Bank of America (NYSE: BAC) Says Q3 Trading Revenue to Probably Decline 15% YoY - Bloomberg
Expects to Report Q3 Loan and Deposit Growth...
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September 12, 2017 4:05 AM EDT
By Anna Irrera
NEW YORK (Reuters) - New York-based software company R3 CEV has partnered with Britain's financial watchdog and two large banks to develop a blockchain-based application to improve the regulatory reporting of mortgage transactions.
R3 said on Tuesday that it had developed a prototype of the system together with the Financial Conduct Authority, the Royal Bank of Scotland Group Plc (NYSE: RBS) and another global bank which did not wish to be named.
The system, which was built using R3's blockchain called Corda, enables banks to... More
September 8, 2017 1:29 PM EDT
By Anna Irrera
NEW YORK (Reuters) - U.S. blockchain startups R3 Holdco LLC and Ripple Labs Inc are suing each other over an options contract to purchase Ripple's digital currency XRP, according to lawsuits filed on Friday.
In September 2016, the two companies entered an agreement giving R3 the right to purchase up to 5 billion XRPs for $0.0085 per unit until September 2019, according to a lawsuit filed by R3 in the Delaware Chancery Court on Friday.
In June 2017 Ripple's Chief Executive Brad Garlinghouse attempted to terminate the options contract through an email to R3's Chief Executive... More
