Fannie, Freddie to retain earnings; PayPal wins Chinese payments license


The GSEs will hold onto a combined $45 billion as they start the process of going private; PayPal becomes the first foreign firm to win approval to enter the country’s payments market.


Virtual Currency's New Frontier: Cryptocollateral


States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done.


Experimenting with digital currencies; Questioning SOFR


Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.


Fannie, Freddie can keep profits; CBD firm seeks national bank


Building capital will help the mortgage agencies move toward the private sector; Virtual Wellness needs to assure banks it's safe to do business with them.


Central bank crypto could change banking; Fed to intervene again


Vikram Pandit says digital push could force “creation of 21st century regulation”; Fed will conduct $75 billion overnight repurchase agreement operation.


New Zealand's progressive approach is a boost for cryptocurrency


The new regulation in New Zealand shows other jurisdictions how best to address cryptocurrencies and their use in payments.


Zelle founder to helm Ripple rival Interstellar


The creator of Zelle precursor clearXchange is heading a company building a blockchain-based international payment technology for banks.


Cryptocurrency AML software vendor Elliptic gets $23 million in funding


The company sees increasing consumer demand for cryptocurrency, especially in Asia, and gradual acceptance among financial institutions.


UBS shuffles top management; Treasury issues Libor tax guidance


The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.”


FedNow service and blockchain closely linked


Crypto technology will play a major role in the central bank's real-time payments system.