SAN JOSE, Calif. -- Tech CU said it has expanded its products and services for small business owners to include a comprehensive line that will help small businesses in financial management. The new line of products and services will include business checking accounts, free overdraft protection, business loans and lines of credit, payroll services and merchant processing. The $1 billion credit union said it is committed to building relationships with the thousands of small businesses in Silicon Valley.
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The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
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The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
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The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
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The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
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Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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William Isaac led the Federal Deposit Insurance Corp. through the banking and thrift crises of the 1980s and was a frequent commentator on bank regulation after his time in public service.
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