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Only 12% of large and regional banks in the U.S. and Canada are running the scenario analyses that regulators are poised to recommend, according to a new survey. Observers say progress has been faster on the other side of the Atlantic, as European banks and their regulators have moved more quickly to develop a uniform system for quantifying risks.
February 3
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The combined organization would have more than $3.6 billion of assets and a few dozen branches in Georgia.
February 3 -
The work of creating a possible digital dollar inched ahead Thursday with research by the Federal Reserve Bank of Boston into the code that could eventually support such a currency.
February 3
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The bank is a longtime user of the tech giant's infrastructure. It’s now ready to put its primary platforms there.
February 3
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Though Jelena McWilliams is leaving the Federal Deposit Insurance Corp. on Friday, her comment could carry weight among regulators and lawmakers mulling the creation of a legal framework for private digital currencies and a federal insurance fund for them.
February 3
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American Express is encouraging staffers in New York and the U.K. to start returning to the office next month as COVID-19 cases recede globally.
February 3
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Scott Ward succeeds longtime chief executive Gary Williams, who retired at the end of January.
February 3 -
The process is expected to begin this summer and extend into late 2023, ultimately saving the Iowa company about $20 million annually.
February 3 -
The tech company’s platform will let digital currency holders borrow against their digital assets and have the loan proceeds placed in a bank account.
February 3
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The increase was driven by small businesses including property managers, contractors and beauty salons.
February 3
