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
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
Unions have been a driving force behind many of the workplace benefits that Americans enjoy today. From paid time off to fair wages, these advancements were not handed down by employers but were fought for by workers who stood together. The AFL-CIO and countless union members have played a significa
Unions are pushing back against the government's attempt to dismiss their lawsuit. They say the Department of Government Efficiency (DOGE) is still active, so the case should go forward. The Trump administration claims the lawsuit is no longer relevant, but the unions disagree. This legal battle is
Bank of America is now telling its rich clients to put some money into Bitcoin. They say it's okay to put 1% to 4% of their money into Bitcoin. This is a big deal because Bank of America is one of the biggest banks in the US. They will let their clients buy Bitcoin through special funds starting Ja
Banks are finally stepping up their tech game. For years, they lagged behind other industries, especially retail, when it came to adopting new technology. But now, with the help of something called agentic AI, banks are keeping pace with the latest innovations. This shift is huge. Just a few years
