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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Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
The New York Times – Business: -
With Deals Booming and Regulations Lightened, Bankers Are Back on Top
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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’
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.