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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Elevations Credit Union is paying athletes at the University of Colorado Boulder by way of a new credit card. The annual fee, plus two cents per transaction, will go to a collective that provides financial support to Buffaloes players.
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The bureau suggested this week that states should remove the exemptions banks enjoy from data privacy laws. California is a prime candidate to act.
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The North Dakota governor's real estate background and affordable housing policies fit with the president-elect's plan to open up federal lands for new home construction.
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Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.
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The number of banks announcing plans to sell this year reached 108 by the end of Oct.; Truist Financial promoted Brad Bender to chief risk officer; Old Point Financial made Cathy W. Liles its chief financial officer; and more in this week's banking news roundup.
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Sam Valverde, acting president of Ginnie Mae, has resigned after about six months in the job.
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