Fed-backed digital currency is inevitable
The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments. ... Read full article
The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments. ... Read full article
Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform. ... Read full article
Sen. Mark Warner, D-Va., said Tuesday that policymakers need to take a hard look at cryptocurrencies. Senate Banking Chairman Mike Crapo agreed the issue was ripe for a hearing. ... Read full article
Kodak’s latest moment has it joining the cryptocurrency frenzy. ... Read full article
A House bill would create a database to track true ownership of corporations; Wall Street regulator wants banks to improve disclosure of risks to consumers. ... Read full article
A key part of Well Fargo's Camels score was reduced, reflecting concerns about its management; Morgan Stanley, Deutsche Bank join the list of banks taking writedowns for deferred-tax assets. ... Read full article
Dueling blockchain stories — one arguing it was virtually useless, the other saying it could change real estate lending — seized the top spots this week, while readers also focused on tax reform aftermath and a key Senate retirement. ... Read full article
Overstock CEO and Wall Street gadfly Patrick Byrne wants to create a market free from trading practices he has long decried. ... Read full article
The stratospheric rise of bitcoin, Ethereum, XRP and other cryptocurrencies in recent months may be only the beginning. ... Read full article
Is it a bubble? Is it a fraud? There are many ways to look at the highly volatile bitcoin, few of them banker-friendly. ... Read full article
Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer. ... Read full article
The famed investment bank is set to become the first major Wall Street bank to make markets in digital currencies such as bitcoin. ... Read full article
Wells, Fifth Third, others plan to raise pay after tax reform; Joseph Otting backs a federal banking charter for online lenders. ... Read full article
The blockchain startup continues to pack its board with mainstream finance experts. ... Read full article
Readers chime in on the GOP’s inheriting vast regulatory powers, the continuing back and forth over who leads the Consumer Financial Protection Bureau, the root causes of cryptocurrency hacks, and more. ... Read full article
Lenders on the fringe of the financial industry are now pitching a solution to bitcoin investors in need of funds but wary of cashing in: loans using a digital hoard as collateral. ... Read full article
Departing central bank chief says colleagues are committed to strict bank regulation; marketplace lending not living up to promises as delinquencies continue to rise. ... Read full article
Rather than forming a consortium of peers to investigate blockchain technology, as many banks have done, one of the world's largest asset managers is acting on its own. ... Read full article
Price of digital currency jumps 24% in first day of futures trading; Jay Clayton tells buyers to beware, then halts an initial coin offering. ... Read full article
Bitcoin is coming to Wall Street on Sunday, and some executives at the world's biggest banks aren't sleeping well. ... Read full article