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The institutions of Britain, Japan, the EU, Sweden, and Switzerland will join forces to consider issuing their own central bank digital currencies.
The Fed's market repurchase agreement, or repo, operations drove costs higher as the bank added billions of dollars to the US financial system.
A standing repo facility would let borrowers convert securities into cash reserves whenever they see fit, instead of relying on scheduled offerings.
Airbnb denies a report that it rejected a plan to require government IDs to sign up for the home-sharing service because it might hurt growth
The company has lately come under fire for lax security governing the platform, which has been blamed for a host of problems that ensued.
Banks fail to match the Fed’s latest repo operation, showing weaker demand for the capital injections
The waning demand comes after the Fed boosted its repos for the December 31 to January 2 period, lifting the limit to $150 billion from $120 billion.
Goldman bankers involved in the 1MDB scandal still face trial threats in Malaysia — even as the banks hold settlement talks with the US
Malaysia has already held two or three negotiation rounds with the bank, but a settlement remains distant, top prosecutor Tommy Thomas told Bloomberg.
Robinhood just got fined $1.25 million by its regulator for how it executed trades — and it highlights the issues that can arise with payment fo...
The Financial Industry Regulatory Authority claimed the firm allowed hundreds of thousands of trades to fall outside its best execution reviews.
Goldman Sachs is reportedly in talks to admit guilt, pay $2 billion fine to settle probe into Malaysian investment fund
A roughly $2 billion fine would be one of the largest issued to a bank since firms payed massive settlements following the 2008 financial crisis.
The rise of Recess, a New York startup that could be the White Claw of sparkling CBD drinks — if the country’s uneven hemp regulations don...
While Recess has skyrocketed in popularity via social media, the company has been navigating unclear CBD regulations behind the scenes.
In the wake of its recent crisis, the Fed boosts repo operations to calm lending worries before the new year
The expansions arrive as banks look to prove liquidity in end-of-year tests, likely reining in free cash and pulling the key lending rate higher.