Digital currencies

Central banks team up to study case for digital currencies

01/21/20

The body will include the Bank of England, Bank of Canada, the Bank of Japan and the European Central Bank, but not the Federal Reserve or the People's Bank of China.

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Morgan Stanley not satisfied; lawmakers demand more answers from Dimon

01/17/20

The investment bank is raising its return on equity target following a record earnings year; Democrat lawmakers say JPMorgan's response on racial discrimination questions was inadequate.

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What inspired State Street's digital asset investing venture

12/19/19

The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation.

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Libra: The opening act of a modern regulatory drama

12/09/19

Facebook’s stablecoin initiative has inspired countless ideas about how to put fintech under the control of federal regulators. Here are the most critical questions.

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Congress may need to step in on Libor switch, Mnuchin warns

12/05/19

The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.

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N.Y. Fed close to filling market ops spots; Subprime auto-backeds rev up

11/26/19

The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.”

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'There's going to be room for both systems'

11/25/19

In a sit-down interview, Cleveland Fed President Loretta Mester discusses how the FedNow real-time payment system will work alongside a big-bank one.

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FedNow is necessary, Fed digital currency is not: Mester

11/24/19

The Cleveland Fed president dismissed concerns about the central bank's faster payments system competing with The Clearing House's network, while saying that a national digital currency is less of a necessity in the U.S. than in other countries.

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Fed eyeing banks’ technology vendors; Wells questioned on fees

11/22/19

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

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Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

11/20/19

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

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