The number of banks experimenting with blockchain projects — or joining blockchain conglomerate initiatives — is growing by the day. In this report, we analyze the nascent use cases of financial institutions experimenting with distributed database technology, one of the most talked-about innovations in financial services. The initiatives of JPMorgan, IBM, UBS, Goldman Sachs, Bank of America, the DTCC, Nasdaq, Royal Bank of Canada and Deutsche Bank are among those discussed in detail.
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The Cleveland parent company of KeyBank reported a net loss of $279 million for the fourth quarter, reflecting a one-time charge of $657 million from the sale of bonds.
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The Midwest bank saw fees boost revenues, though most of its metrics told a story of stability in its fourth-quarter earnings report.
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Ending the 17-year-old federal conservatorship of Fannie Mae and Freddie Mac could help offset the cost of renewing President Trump's 2017 tax legislation, which expires this year. But getting to that point is difficult, especially with a budget battle just months away.
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Federal Deposit Insurance Corp. Vice Chair Travis Hill has assumed the duties of FDIC chair, National Credit Union Administration Vice Chair Kyle Hauptman took over as NCUA chair and Securities and Exchange Commission member Mark Uyeda will serve as acting chair of the SEC.
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The enhanced fintech partnership would build merchant scale, and selling U.K. and U.S. portfolios would free up cash.
January 20 -
A one-page outline of priorities for Trump's inauguration day obtained American Banker includes financial policy items, including firing Consumer Financial Protection Bureau Director Rohit Chopra, issuing a "reset" of that agency and designating crypto as a "national priority."
January 20