Jamie Dimon just put the banking world on notice. Speaking at the Bernstein Strategic Decisions Conference in New York City on May …
Bank
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Markets
Wall Street gets new crypto rival after Texas bank completes regulatory pivot
by shayaanby shayaanBy establishing a national charter under the executive branch, United Texas Bank said it intends to enable AI-driven payment rails to intercept …
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Analysis
S&P 500 Could Surge to 9,000, Say J.P. Morgan Private Bank Analysts – Here’s When
by shayaanby shayaanAnalysts at J.P. Morgan Private Bank say the S&P 500 may be on its way to 9,000 fueled by broader artificial intelligence …
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Scams
Crypto, Banks, Policy Experts Press Congress to Modernize Bank Secrecy Act
by shayaanby shayaanIn brief TRM Labs’ Ari Redbord told a House subcommittee that the Bank Secrecy Act is “structurally incapable” of keeping pace with …
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Finance
Bank of America reveals $53.1M in crypto ETF holdings, led by BlackRock’s Bitcoin fund
by shayaanby shayaanBank of America (BofA) has disclosed approximately $53.1 million in crypto-related exchange-traded fund (ETF) holdings in its latest quarterly filing with the …
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Regulation
Ex Silvergate officer says regulatory pressure forced bank shutdown
by shayaanby shayaanFormer Silvergate Bank chief risk officer Kate Fraher has publicly challenged the circumstances surrounding her 2024 settlement with the U.S. Securities and …
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Regulation
China cabinet discusses draft revision to central bank law, signaling sweeping financial overhaul
by shayaanby shayaanChina’s State Council, the country’s top executive body, has taken up a draft revision to the law governing the People’s Bank of …
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Smart Contracts
ChatGPT Can Now See Your Bank Account—Here’s What That Actually Means
by shayaanby shayaanIn short ChatGPT can now connect to over 12,000 financial institutions through Plaid, giving it read-only access to your balances, transactions, and …
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Gulf International Bank has increased its investment in Strategy as institutional interest in Bitcoin-linked stocks continues to grow. A recent filing from …
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The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances and tokenized securities. www.coindesk.com