Reposition
The Federal Reserve is the central banking system of the United States comprised on twelve regional Federal Reserve Banks owned by member banks and overseen by an appointed board of governors. The Federal Reserve Bank has a mission of maximizing employment, stabilizing prices, and moderating long-term interest rates, supervising and regulating banks, enabling stability in the US financial system, and facilitating banking services for banks and the government. The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services. The FedNow Service will be deployed in phases, with the initial launch taking place July 2023.
The Trump administration has exhausted its legal authority to issue new incremental debt to pay the U.S. government’s obligations — for everything from Social Security checks to military operations. I...
US fintech Block is laying off 931 staff and closing 748 open roles, as the mobile payments and POS company undergoes a major reorganisation. Dorsey told staff that 391 roles would be cut for "strateg...
U.S. merchants who use JPMorgan to handle payments can soon add Affirm to their checkout pages, according to a release. Consumers will have access to loans ranging from 30 days to 60 months, according...
eToro Group Ltd (“eToro”) today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial publ...
Bitcoin would be a big winner from a potential US recession as it’s built to thrive in a high fiscal spending, low interest rate environment, says a BlackRock executive. BlackRock’s head of digital as...
Process of shedding assets and draining bank reserves could collide with dynamics related to raising the federal debt limit. Federal Reserve officials made an adjustment on Wednesday to their policy o...
The People’s Bank of China kept the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, where they have been since a quarter-percentage-point cut in October. The rate decision follows the U.S. ...
Fiserv’s leadership transition was over in less than two weeks last month, with the payment processor now run by two top executives after Chairman and CEO Frank Bisignano deemed his successor ready to...
Klarna Group Plc has filed for a U.S. initial public offering at a weak moment for company debuts, though the fintech player thinks it can offer investors more than just its buy-now-pay-later products...
The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and ...
