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George L. Salis is principal economist and tax policy advisor at Vertex. He is an economist, lawyer and tax professional with several years of experience in international taxation and trade compliance, tax planning and controversy, fiscal regulation and tax economics consulting. He is responsible for analysis of economic, legal, financial, trade and development issues in countries, as well as tracking and analyzing the rapid change in tax policies and regulations, and intergovernmental organizations and tax administrations around the world. 

Michael Bernard is the chief tax officer of transaction tax at Vertex. In his role, he provides insight and thought leadership around tax department operations, U.S. indirect tax, tax risk management, and tax policy, as well as emerging tax trends. He is an executive-level tax attorney with a diverse portfolio of experience in corporate tax, administration, and finance, including a substantive knowledge of U.S. and international tax laws. 

To cool inflation, the Boston Fed president said, the central bank may need to keep raising rates and then holding them steady for a while.

Both Silvergate and Signature banks, two of the most active crypto counterparties in the banking sector, received advances from the quasi-governmental lenders to offset falling deposits.

The top five have combined portfolios of first mortgages of more than $900 million as of September 30, 2022.

The metaverse is already blurring the lines between physical and online commerce, and many retailers are profiting from it. Banks and payment companies can play an even bigger role by helping money move without friction.

The digital card platform operator Marqeta is working with buy now/pay later provider Bread Financial on a pilot to instantly connect consumers' mobile wallets with merchants via the web, bypassing the need to download an app.

Financial services regulators should treat cryptocurrency trading for what it is — another form of wagering, some experts say. But banks seeking to provide custody and many other services tied to digital assets would face even tighter restrictions under that approach.

The Canadian banking giant also announced that Nandita Bakhshi, the San Francisco bank's CEO, will join the board of directors of its U.S. holding company and serve as a special advisor on integration.

Authorities gained from Russian sanctions legislation helped law enforcement build the case against Hong Kong-based exchange.