-
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., said that they "agree to disagree" with bank lobbyists on their objections to their newly released stablecoin-yield provision.
May 5
-
Wells' latest advisor recruiting coup comes just days after it pulled over a 19-person team formerly managing nearly $6 billion at Morgan Stanley.
May 5
-
Mainstream financial services firms moving into the crypto realm are rightly skittish about consolidating trading, custody, lending, staking and settlement in a single provider. The crypto industry is, instead, entering a world of "co-opetition."
May 5
-
The debate over how to define yield in terms of stablecoin rewards feels like the debate over how to define usury in medieval Europe.
May 5
American Banker -
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
-
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
May 4
-
The Justice Department retreated from its plan to appeal a judge's ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation's future uncertain.
May 4
-
The company is officially releasing a digital asset product that it first announced back in October.
May 4
-
The Canadian bank is using machine learning to analyze customers' payments and provide recommendations to salespeople.
May 4
-
CEO Robin Vince defended the custody bank's use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.
May 4
