Deutsche Bank believes that the Genius stablecoin Act could give the dollar a major edge in the global digital economy. In comments …
Bank
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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 …
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The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their …
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Regulation
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act
by shayaanby shayaanBank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build …
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Deutsche Bank AG is actively exploring stablecoins and various forms of tokenized deposits as major financial institutions gain confidence in expanding their …