MIAMI - (12/29/05) When the game between the Penn StateNittany Lions and the Florida State Seminoles at the Orange Bowlhere concludes, at least one league president will be eating alittle better. Jim MacCormick, CEO of the Pennsylvania CUAssociation, and Guy Hood, CEO of the Florida league, have made awager on the game--should the Nittany Lions win, PCUA will enjoy100 pounds of Florida oranges, compliments of FCUL. If the victorsare the Seminoles, then the FLorida league will enjoy 100 pounds ofHersheys chocolate.
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BNY, Huntington Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a few of the companies that have signed on to use the dollar-backed stablecoin issued by technology firm Open Standard.
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Securities and Exchange Commission Chair Paul Atkins said tokenized bank deposits are likely to be a reality in 2027, and added that he is working with banking agencies on digital assets and capital requirements.
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After two different community bank M&A deals, Flagstar Bank consolidated its data centers from six facilities to two as part of its tech integration strategy.
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The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.
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As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years, the Securities and Exchange Commission says, that program fell short.
June 30 -
The Federal Deposit Insurance Corp. says executives "gambled" with depositor funds, while the former parent company argues regulators are using hindsight to second-guess what were reasonable business decisions at the time.
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