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Facebook and its partners are considering redesigning the Libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators and rebuild momentum for the plan.March 4
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The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021.March 3
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The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.March 2
Director of ContentPolyient Labs
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The deal, which could be announced Monday, would push the TurboTax maker into consumer finance; the bank would follow U.S. rival Goldman Sachs into the British market.February 24
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The Treasury secretary's statements are a sign that government agencies are still in the early stages of understanding this fundamentally new technology.February 21
ProfessorUniversity of Pittsburgh
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LIBORFederal Reserve Chairman Jerome Powell told senators that the central bank is willing to explore a credit-sensitive interest benchmark in addition to the secured overnight financing rate, which some banks say could cause problems during economic stress.February 12
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Federal Reserve Chair Jerome Powell reaffirmed his agency’s skepticism of a Community Reinvestment Act plan proposed by other regulators, and said the Fed has an important role to ensure banks “are resilient against the longer-term risks from climate change.”February 11
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The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes.February 10
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The bank’s former Asia investment banking co-chief is its third executive to be so punished; the agency says Telegram’s digital coin is a security.February 5
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Criminals are filling the void left by lax U.S. regulation of cryptocurrencies.January 29
Founder and CEOPolyient Labs
