Kadena launches $25 million grant program for tokenized real estate
The distributed ledger developer announced the grant program in tandem with its real-world asset token standard.
JPMorgan Chase plans Zelle restrictions due to scam risk
The amended language in the bank’s terms and conditions will halt payments to social media sellers. It comes as banks on the P2P app face increased political pressure to step in and stop fraud on the platform.
Wells Fargo courts small banks for cross-border payments
The company sells capital markets technology to small banks that have growing international processing needs, betting the lack of client overlap prevents a big bank/small bank competition.
Fed’s Barr: no evidence of political debanking
The Federal Reserve’s top regulator said banks drop customers they see as too risky, and anti-money laundering actions are “just straight-up-the-middle risk management and banking.”
‘All we’ve really wanted is clarity’: Crypto leaders on regs
Executives from Circle, Coinbase and Custodia Bank are among those cheering the Trump administration’s pro-crypto moves.
OCC’s Hood floats raising SAR threshold, revising HHI index
Acting Comptroller of the Currency Rodney Hood suggested Tuesday that regulators should consider raising the dollar amount for mandatory suspicious activity reporting and revising the Herfindahl-Hirschman Index to advance bank mergers.
Fed’s Bowman calls for review of Dodd-Frank reforms
Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next Vice Chair for Supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the central bank’s ongoing regulatory policy review.
IRS memo sets stage for Musk advisor to access taxpayer data
The IRS would give a temporary detail to provide software engineering expertise to a special advisor to the director at the Office of Personnel Management.
Genesis Bank, built for acquisitions, strikes first deal in California
The three-year-old Huntington Beach-based institution, which secured $500 million in investor pledges to acquire peers, says more dealmaking may be in the works.
JPMorgan set to relive ‘huge mistake’ at Javice fraud trial
At a trial that starts this week in Manhattan, federal prosecutors will seek to prove that Charlie Javice, the founder of college financial-planning startup Frank, and chief growth officer Olivier Amar committed fraud to get JPMorgan Chase & Co. to go through with the 2021 transaction.