Banks are testing ways to put their money onto blockchains, a move that could reshape how payments work. The idea is called tokenized deposits: digital tokens that represent real bank balances on a distributed ledger. These tokens are not just a new form of money; they stay tied to the bank’s own li
Bank of America has added Ligand Pharmaceuticals to its list of stocks it recommends buying, setting a new price target at $244. The move comes as the bank highlights Ligand’s business model, which focuses on high‑margin products and a lower level of risk compared to many other biopharma companies.
Banks and regulators have announced that digital versions of securities, known as tokenized securities, will be treated exactly like their conventional counterparts when it comes to capital requirements. The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency explained that
Federal agents in North Carolina recovered more than $61 million worth of Tether (USDT) after dismantling a romance‑based pig‑butchering scam. The case shows how investigators used the open nature of blockchain data to follow money through a maze of wallets, even after scammers tried to hide thei
Federal prosecutors in New York have decided not to challenge a judge’s ruling that removed the death penalty from the case involving Luigi Mangione. The decision was announced in a letter sent to the court on Friday, and it means the federal trial will likely start this fall with jury selection in
Banks are diving into AI, and it's a big deal. For the third year, it's the hottest trend in finance. But it's not all smooth sailing. AI brings both benefits and risks. On one hand, it boosts efficiency and improves customer service. On the other, it opens doors to fraud, deepfakes, and voice cloni
Banks in the euro area might struggle to get money from markets, especially in dollars and other foreign currencies, if global tensions keep rising. This warning came from the European Systemic Risk Board (ESRB) on a Thursday. Recently, things got tense between Europe and the U. S. over President T
Banks are in a tough spot right now. President Trump has suggested capping credit card interest rates at 10% for a year. This idea has caused quite a stir in the finance world. Banks are trying to figure out what to do next. The problem is, there's no clear plan on how this cap would work. The Whit
Federal employees who believe they were wrongly fired for their political views are now taking their fight to the courts. They are asking judges and an independent body that handles federal worker disputes to decide if their First Amendment and civil service protections were violated. The cases fil
Federal Hill is pushing for stronger measures against violent crime after a suspect was caught in a recent murder case. The victim, Charles Brothers, was shot in an elementary school parking lot during his birthday celebration. This has left the community worried and asking for more help. Jen Covin
