Digital euro could drain 8% of bank deposits, Morgan Stanley says
Banks in smaller countries like Latvia, Estonia and Greece could be more seriously impacted by the digital euro, analysts said. Analysts at thAmerican multinational investment bank Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital euro be widely adopted.According to the analysts, a European Union central bank digital currency (CBDC) could suck up 8% of customer deposits from eurozone banks, Reuters reported Wednesday. This share may be far higher in smaller countries like Latvia, Lithuania, Estonia, Slovakia, Slovenia and Greece, they said.The....
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Global investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said.
Morgan Stanley Sets Up New Research Team
Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported Monday, citing the bank’s internal memo to staff it has seen.
Led by Sheena Shah, the firm’s lead cryptocurrency analyst, the team will research....
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