SITUATION REPORT

Global: Major Banks To Collaborate On Digital Currency

Aug 31, 2017 | 19:58 GMT

Six major banks -- Barclays PLC, Credit Suisse Group AG, Canadian Imperial Bank of Commerce, HSBC Holdings PLC, Mitsubishi UFG Financial Group Inc. and State Street Corp. -- announced they will work together to create a new digital currency to be released in 2018, Fortune reported Aug. 31. ...

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