Last month’s announcement from the Dutch central bank that it was moving gold from North America to Europe added to the trend of a global redistribution of reserves. The New York Fed has long served as the custodian of the gold on behalf the U.S. government, foreign governments, other central banks, and official international organizations.
Meet Prismm, a startup that helps banks keep families’ money in-house after an account holder dies. It does this by building beneficiary and estate planning into accounts from day one, which makes the transfer of assets to heirs less complicated. Prismm is presenting its mission today on the Startup Battlefield stage at TechCrunch Disrupt 2026.
Community banks do not need to issue a stablecoin to benefit from stablecoins. But they do need to make sure their customers can use new forms of digital money without leaving the bank relationship behind. That distinction matters. For years, smaller banks have watched customers move toward larger institutions with better apps, faster payments, and
China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country’s financial system and boost its slowing economy. The cash injection, which is being led by China’s finance ministry, will total 360 billion yuan ($53.6bn; £39.7bn), state news agency Xinhua said on Sunday. The outlet
WASHINGTON — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that report shows inflation continues to cool, then Waller said he would be willing
The US Securities and Exchange Commission has sent subpoenas to major Wall Street banks regarding the hedge fund Situational Awareness, according to people familiar with the matter. The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last
