Court fight pits bank CEO vs. her former executive assistant
Litigation involving Amalgamated Bank highlights the risks that banks may face when highly-placed employees leave their jobs on bad terms.
Tokenization is a buzzword that’s been a decade in the making
Neuberger Berman launched a new junk-bond fund using tokenized securities, a process that has been the focus of crypto firm Securitize for more than a decade.
To fire Cook from the Fed, Trump looks to channel Taft
The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.
Tokenized deposits are here. Banks need to manage the risks.
Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.
Judges seem poised to side with banks on state rate caps
During a court hearing Tuesday, appellate judges expressed skepticism about a Colorado effort to cap the rates on consumer loans that out-of-state banks make to Coloradans.
SEC proposes rules to ease crypto fundraising
The Securities and Exchange Commission kicked off rulemaking intended to make it easier for crypto firms to raise money without having to go through the full securities registration process.
How a fraud ring weaponized New Jersey business filings
Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.
How non-grantor trusts maximize charitable, small business stock tax advantages
With recent changes to tax law, non-grantor trusts have become attractive vehicles for gaining tax efficiencies, such as when making charitable contributions.
Rain, Visa, Mastercard form agentic AI standards group
The stablecoin technology firm and about two dozen companies have joined to standardize authorization and other risk management for agentic commerce.
Klarna announces exec departures, lowers outlook
The aspiring neobank and buy now/pay later lender’s stock plunged after it painted a less bullish forecast and announced it will need a U.S.-based finance chief to replace Niclas Neglén, who is stepping down at the beginning of the year. Chief Marketing Officer David Sandström will also end his nine-year tenure at the fintech.