A man who orchestrated a scheme to steal over $1 million from banks has been sentenced to five years behind bars. In …
Banks
-
-
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. As regulation becomes clearer and the number of national …
-
Finance
Stablecoin Market Hits Record $228 Billion as Global Banks and Corporations Pile In
by shayaanby shayaanThe stablecoin market has surged to an unprecedented $228 billion, according to new research, a record high driven by a wave of …
-
Regulation
Goldman Sachs Taking Action Against Unaffiliated Bankruptcy Specialist Who Opened Separate Company in Bank’s Name: Report
by shayaanby shayaanFinancial giant Goldman Sachs is reportedly taking legal action against an unaffiliated bankruptcy specialist who has been running a side company called …
-
Regulation
US Banks ‘Deeply Concerned’ About Cybersecurity Risk Following Attack on Top Financial Regulator
by shayaanby shayaanTrade associations representing banks and financial firms are worried about the cybersecurity risk management practices at federal regulatory agencies. Officials at the …
-
Regulation
Federal Reserve Suffers $1,060,000,000,000 in Unrealized Losses As Central Bank’s Rate Hikes Pressure Bonds
by shayaanby shayaanThe Federal Reserve is now facing a whopping $1.06 trillion in unrealized losses on its balance sheet. The New York Federal Reserve …
-
Regulation
Standard Chartered’s Bill Winters criticizes UK’s regulatory chokehold on banks
by shayaanby shayaanBill Winters, chief executive of Standard Chartered, said this week that banks have been left behind by private credit firms, and the …
-
ROME, May 30 (Reuters) – European Central Bank policymaker and Bank of Italy Governor Fabio Panetta called on Friday for close monitoring …
-
A new report by the Bitget Wallet shows that users in emerging markets use crypto wallets for everyday payments much more than …
-
Russia’s central bank has announced plans to allow financial institutions to offer crypto-linked investment products to qualified investors, according to a May …