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Market watchers say it is plausible that regulators will have established rules of the road for tokenized bank deposits by next year. But to get there, many outstanding issues will need to be ironed out first.
July 7
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Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
July 6
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Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
July 6
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Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today's codes.
July 6
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The need to scale quickly is adding new challenges to the build vs. buy debate
July 6
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The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
July 6
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Even though RIAs reached a record size in four important metrics, experts say equity values are masking weaknesses in their organic growth.
July 6
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The buy now/pay later provider and aspiring neobank submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank.
July 6
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The U.S. has created just 36,000 jobs on average every month over the last year; that's long enough to be a trend, and a weak one at that.
July 6
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Federal Reserve Board Gov. Christopher Waller says he is OK with dialing down the amount of communication issued by the central bank's monetary policy committee, but doesn't want the central bank to throw out the baby with the bathwater.
July 6
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Washington, D.C., may be the epicenter of the nation's birthday celebrations, but the financiers, financial institutions and city that funded it deserve some attention, too.
July 6
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Banking law scholars warn the Supreme Court's ruling in Trump v. Slaughter will further politicize bank regulation, clouding policy expectations for firms and reshaping the balance of power between the White House and financial regulators.
July 6
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3
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The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3
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Now that the code underlying payment systems can be rewritten faster than its reliability can be checked, banks and payments processors need to adopt new methods of verifying that changes are safe and stable.
July 3
