Tim Johnson, former Senate Banking Committee chairman, dies at 77
Sen. Tim Johnson, a former three-term senator and five-term U.S. representative for South Dakota, died after complications from a recent stroke.
Tokenized deposits are the real game changer in the financial sector
It won’t be cryptocurrencies or central bank digital coins that revolutionize global finance, but rather banks offering deposit tokens that have many of the benefits of both.
Dimon says regulators should reduce hurdles to going public
The JPMorgan Chase CEO said it’s “odd” that there’s been no commensurate rise in IPOs with the surge in public market valuations.
Bank of America was Warren Buffett’s latest sage bet on a bank
The legendary investor has been reducing his 13-year-old stake in BofA. It’s the most recent instance of Buffett profiting from a big bet on a troubled financial institution.
US Basel impasse casts doubt on international capital accord
Europe’s top finance ministers are questioning the U.S.’s commitment to the global capital standards. The mistrust could have consequences for international regulatory efforts.
Google’s court loss also challenges payment rivals
A court said the technology giant must be less restrictive at checkout. The move will likely lower transaction fees, but it still won’t be easy for competitors to grab market share.
Press Release: FDIC Extends Comment Period on Request for Information on Deposits
PRESS RELEASE | OCTOBER 8, 2024 FDIC Extends Comment Period on Request for Information on Deposits WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) is extending until December 6, 2024, the comment period on the agency’s Request for Information (RFI) on deposit data that is not currently reported in the Call Report or other regulatory […]
Media Advisory: FDIC Systemic Resolution Advisory Committee to Meet Next Week
MEDIA ADVISORY | OCTOBER 8, 2024 FDIC Systemic Resolution Advisory Committee to Meet Next Week On Tuesday, October 15, 2024, at 9:00 am ET, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg will host a meeting of the FDIC Systemic Resolution Advisory Committee (SRAC). The SRAC provides advice and recommendations to the FDIC on […]
Sterling sale an unlikely success for CEO Tom O’Brien
The veteran turnaround executive was hired in 2020 to salvage the troubled banking company after the Justice Department launched a far-reaching probe of its mortgage lending practices. It agreed to sell to Florida-based EverBank.
MoneyGram loses ground after breach
The money transfer service and the U.K.’s Post Office were on the verge of an extension. Then the hack came. That and updates from Worldpay, Mastercard and JCB in our global payments roundup.