Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
Category: Banking and Financial Institutions
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With Deals Booming and Regulations Lightened, Bankers Are Back on Top
They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.
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With Deals Booming and Regulations Lightened, Bankers Are Back on Top
They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.
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Thousands of Miles From the Iran War, Asia’s Currencies Feel the Strain
Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
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The Banks That Won a Piece of SpaceX’s Colossal I.P.O.
Across Wall Street, bankers have been clamoring to lead what is expected to be the biggest-ever initial public offering.
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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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A FOMO Moment for Mythos
Those without access to Anthropic’s artificial intelligence model worry they’re more vulnerable to cyber attacks, a concern the company is seeking to address.
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Mamdani, the ‘Tax-the-Rich’ Mayor, Meets With Titans of Finance
Mayor Zohran Mamdani, who has angered some corporate executives with his tax policies, has had a recent series of meetings with top business leaders.
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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.
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As Powell Steps Down, the Fed Confronts ‘Regime Change’
Jerome H. Powell is passing the chair’s baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump’s pick says needs an overhaul.
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Senate Confirms Kevin Warsh as Fed Chair
President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently.
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Anthropic and Wall Street Giants Join Forces to Create New A.I. Firm
Blackstone and Goldman Sachs are among the investors in the new firm, which will help integrate Anthropic’s A.I. model Claude into their systems.