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The work of creating a possible digital dollar inched ahead Thursday with research by the Federal Reserve Bank of Boston into the code that could eventually support such a currency.
February 3
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The bank is a longtime user of the tech giant's infrastructure. It’s now ready to put its primary platforms there.
February 3
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Though Jelena McWilliams is leaving the Federal Deposit Insurance Corp. on Friday, her comment could carry weight among regulators and lawmakers mulling the creation of a legal framework for private digital currencies and a federal insurance fund for them.
February 3
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American Express is encouraging staffers in New York and the U.K. to start returning to the office next month as COVID-19 cases recede globally.
February 3
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Scott Ward succeeds longtime chief executive Gary Williams, who retired at the end of January.
February 3 -
The process is expected to begin this summer and extend into late 2023, ultimately saving the Iowa company about $20 million annually.
February 3 -
The tech company’s platform will let digital currency holders borrow against their digital assets and have the loan proceeds placed in a bank account.
February 3
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The increase was driven by small businesses including property managers, contractors and beauty salons.
February 3
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The White House's pick for vice chair for supervision, Sarah Bloom Raskin, took the brunt of criticism from Republicans on Thursday. But it seemed to do little to sow doubt among the Senate Banking Committee's moderate Democrats about Raskin or fellow nominees Lisa Cook and Philip Jefferson.
February 3
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Recognizing that many of the region's consumers are choosing startups, companies like Citigroup, JPMorgan Chase, Goldman Sachs, Santander and Scotiabank are taking stakes in nascent payment providers.
February 3
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The Indiana bank announced a five-year, $8.3 billion agreement with the National Community Reinvestment Coalition in connection with its acquisition of First Midwest Bancorp. The Federal Reserve approved the purchase last month.
February 3
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The combination of the Bay Area credit unions creates an institution with nearly 50,000 members.
February 3
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Four-fifths of the state's community banks have disappeared since the start of the 2008 financial crisis. The founder of the newly chartered Scottsdale Community Bank calls the market "drastically underbanked."
February 3
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The upgrades merchants made to accept chip cards and mobile wallets have made it easier to add new services via software updates. NCR and other point-of-sale vendors are using these systems to support digital currencies without requiring new hardware.
February 3
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The wirehouse and its attorney “manipulated the arbitrator selection process” and “introduced perjured testimony,” according to the ruling.
February 2
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The draft legislation authored by Rep. Josh Gottheimer, D-N.J., would allow "qualified" nonbanks to issue stablecoins and create an insurance fund to offset losses.
February 2
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The moves, which are part of a multiyear strategy, are meant to focus resources in areas where the Spanish banking giant can earn solid returns.
February 2
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Underwriting has become more lenient amid increased competition for corporate borrowers, and as Paycheck Protection Program loans are disappearing from banks' balance sheets.
February 2
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Republicans have knocked Sarah Bloom Raskin as too liberal on climate change and Lisa Cook as underqualified ahead of a Senate Banking Committee hearing Thursday. Meanwhile, a Democratic senator's illness threatens to stall nomination votes in the full chamber.
February 2
