City A.M: Digital Asset Boost as Sutor Bank Joins BCB Group
City A.M.covers BCB Group’s acquisition of Sutor Bank.
BCB Group – a leading provider of business accounts and trading services for the digital asset economy – has today announced that Sutor Bank is joining the group.
Adding a fully licensed bank to the line-up, say its bosses, will enable BCB Group to better service its clients in the EU and drive growth across its business lines.
As with all change of control events in regulated institutions, regulatory approval from BaFin, the German Federal Financial Supervisory Authority, is required and, as such, BCB Group will be taking the time necessary to fully satisfy all regulatory requirements.