A new generation of cryptocurrency, pegged to the dollar, is growing rapidly, promising faster payments and potentially lower interest rates. But regulators and bankers warn of risks.
Category: Banking and Financial Institutions
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Wall Street Faces Its Biggest Crisis of Confidence in Years
The New York Times – Business:Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a “bank run,” as one hedge fund put it.
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MrBeast Is Getting Into Financial Services With His Step App. Parents, Pay Attention.
The New York Times – Business:Beast Industries has acquired a banklike app for young people and could eventually offer a variety of financial services, including crypto.
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Stock Market Investors Brace for Iran War Fallout
The New York Times – Business:Wall Street has largely shrugged off geopolitical upheaval in recent years. But the United States’ war against Iran comes at a more precarious time for the stock market.
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Banks Are Becoming Bulwarks for Vulnerable Seniors
The New York Times – Business:Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.
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Top Fed Official Sees Little Effect on Rate Outlook From Supreme Court’s Tariff Ruling
The New York Times – Business:Christopher J. Waller, a Federal Reserve governor, said he would support a pause in rate cuts in March if the labor market continued to show signs of stabilizing.
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JPMorgan Admits to Debanking Trump After Jan. 6 Capitol Attacks
The New York Times – Business:Nation’s largest bank, in response to a lawsuit filed by the president, confirmed his longstanding complaint about “debanking.”
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Can an A.I. Productivity Boom Clear a Path for More Rate Cuts? Trump’s Fed Pick Thinks So.
The New York Times – Business:As Federal Reserve chair, Kevin M. Warsh may face a tough task persuading his colleagues to lower borrowing costs because of potential productivity gains.
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Can an A.I. Productivity Boom Clear a Path for More Rate Cuts? Trump’s Fed Pick Thinks So.
The New York Times – Business:As Federal Reserve chair, Kevin M. Warsh may face a tough task persuading his colleagues to lower borrowing costs because of potential productivity gains.
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Blue Owl Sets Off New Private Credit Fears
The New York Times – Business:The private lender’s announcement that investors would no longer be able to make redemptions quarterly prompted fresh worries about the private credit industry.
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Fed Officials Signaled No Rush to Restart Rate Cuts, With Some Raising Possibility of Hikes, Minutes Show
The New York Times – Business:Barring a rapid deterioration in the labor market or a significant cooling of inflation, the Federal Reserve appears poised for an extended hold.