LONDON, June 24 (Reuters) – The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and …
Bank
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Finance
Japan’s central bank eyes crypto as contender in its post-cash economy
by shayaanby shayaanBank of Japan officials are beginning to acknowledge what once seemed outlandish: that cryptocurrencies could one day become a major part of …
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BOE Governor has cast doubt on the case for a digital pound for consumers, questioning its necessity even as the central bank …
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Finance
Deutsche Bank Says the GENIUS Act May Bolster the Dollar’s Global Dominance
by shayaanby shayaanDeutsche Bank believes that the Genius stablecoin Act could give the dollar a major edge in the global digital economy. In comments …
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A COVID-era feature that characterized the bull run in all corners of financial markets, including bitcoin BTC, has made a comeback in …
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Analysis
Goldman Sachs Flips Bullish on Ten Stocks – Bank Says These Companies Could Be China’s ‘Magnificent 7’
by shayaanby shayaanBanking giant Goldman Sachs is reportedly turning bullish on ten China-based companies. Goldman Sachs says in a note to investors that the …
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Regulation
Accountant Nearly Pulls Off $19,000,000 Bank Fraud Scam After Tricking Lenders With Forged Documents and Fake Rent Rolls: DOJ
by shayaanby shayaanA certified public accountant is pleading guilty to defrauding banks by giving false information in order to obtain loans, according to the …
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Markets
DOJ Ties Kansas Bank Collapse to $225 Million 'Pig Butchering' Seizure
by shayaanby shayaanA Kansas banker who looted millions from his small-town bank in 2023, which triggered its collapse, lost much of the money to …
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Regulation
Investment Advisor Pushes $45,650,000 Bank Fraud Scheme, Shovels Defrauded Money Into Property and Private Plane
by shayaanby shayaanA Nebraska-based investment advisor faces up to 30 years in prison after admitting he’s behind an attempted $45.65 million fraud against financial …
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Regulation
Bank of Ghana Flags Yellow Card Affiliate and Hanypay as Unauthorized Entities
by shayaanby shayaanThe Bank of Ghana (BoG) has issued warning to the public, financial institutions, and all relevant stakeholders regarding their engagement with two …