In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....
David Solomon is the CEO of Goldman Sachs. Stefano Guidi/Getty Images Goldman Sachs announced 2025 compensation for CEO David Solomon on Friday. The bank will award him $47 million for 2025, up from $...
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
S&P 500 on course for worst day since mid-December as tech shares also hit...
The rules allow banks to combine token activity with payments and financial services under central bank and tech park oversight....
The president previously said the Biden administration was primarily to blame for banks dropping him as a client, not bank executives themselves....
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform....
Banks and crypto firms are converging fast, as yield-bearing stablecoins, ETF filings and tokenized markets test the boundaries of financial regulation....
Capital One’s acquisition of Brex comes just months after the payment company launched support for stablecoins....
Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins....
Binance Australia has reopened direct dollar deposits and withdrawals after more than two years of disrupted banking access....
Retail crypto access will initially cover Bitcoin, Ether, Litecoin and Cardano through participating cooperative banks....
JPMorgan chief financial officer Jeremy Barnum told investors in an earnings call that stablecoin yields are a “dangerous and undesirable thing.”...
The Central Bank of Iran no longer holds any of the flagged USDT, after using it to support the rial and settle international transactions....
The London Stock Exchange's new Digital Settlement House uses tokenized bank deposits for instant, round-the-clock settlement across blockchain and traditional payment networks....
The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals....
US’s biggest bank also lifts loan loss provisions after agreeing to take over Apple’s credit card portfolio...
The Office of the Comptroller of the Currency said no political or personal financial ties will impact the procedural review of World Liberty Financial’s bank charter application....
The American Bankers Association’s fight over stablecoin yields has become its top priority as Congress looks to pass crypto market structure legislation before the midterms....
At the World Economic Forum, Circle CEO Jeremy Allaire rejected claims that stablecoin yields could spark bank runs, pointing to money market funds and broader shifts in finance....