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Just as internet connectivity destroyed the market for long-distance telephone service, blockchain technology is going to make high-margin transactions, like cross-border funds transfers, dirt cheap. Established players should brace themselves.
July 10
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Trump has until midnight tonight to either sign or veto the housing bill; if he does neither, it automatically becomes law.
July 10
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As the deadline for President Donald Trump to sign or veto a housing package looms, hanging in the balance is a reciprocal deposit provision that would give small banks more room to compete for large corporate and municipal depositors.
July 10
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As large wealth managers struggle to retain advisors seeking greater independence, Wells Fargo has taken a distinct approach with its FiNet channel. But is the loss of profit margin worth the retention gains?
July 9
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On June 30, the SEC asked for public comments on the regulator's proposed amendments to novel ETFs. About a week in, responses tilt to a hard "no thank you."
July 9
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
July 9
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
July 9
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The payment company's PYUSD has launched on Polygon's international digital asset rail as big financial institutions give potential heft to Open Standard's pending OpenUSD.
July 9
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Federal Reserve Chair Kevin Warsh's five policy review groups will be composed of a broad mix of business leaders, academics and former central bankers, including venture capitalist Marc Andreesen and former Fed Gov. Jeremy Stein.
July 9
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The banks now let institutional clients mint and redeem Circle's USDC directly, turning them into stablecoin infrastructure providers.
July 9
