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Tag: banks

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Banks wager they can fend off price controls

Mark Mason, then CEO of Citi Private Bank, speaks during the Global Wealth Management Summit in New York, June 17, 2014.Shannon Stapleton |...

What the GENIUS Act Was Meant to Stop—and the Stablecoin Loophole Banks See

Key takeawaysThe GENIUS Act was designed to keep stablecoins as payment tools rather than savings products. As a result, it bans issuers from...

JPMorgan Chase says banks could fight

JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump's demand for credit card price controls, saying "everything's on...

Fed Opens Pathway for Banks to Engage with Crypto

The US Federal Reserve has withdrawn a 2023 guidance that limited how Fed-supervised banks, including uninsured ones, engaged with crypto, as US regulators...

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