Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor

Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor The U.K. closed a consultation on a digital pound in June, something the bank thinks is likely needed.

What’s the point of traditional bank accounts when I can just open a brokerage account and use my core position as cash? Just opened a brokerage account with fidelity. The core position is a government money market fund with 3-5% yield. I can have my salary deposited into it and also get debit card for the account like a normal bank account or use it to pay credit card. What’s the point of still having a traditional bank savings account? FDIC insurance is the firs…

How to check if any bank accounts are open in my name without my consent? I’m 27 and am financially independent from my parents. I have vague memories from childhood of my mom and dad having a heated discussion about my mom opening a card in my name when I was a child. She is a frivolous spender and my dad helped get her out of thousands of dollars of debt due on her credit card from clothes shopping and also lending …

“Family Bank” using offset account I jave an offset account with my home loan. When money is deposited into the account, it reduces the mortgage balance, lowering the interest paid on the loan. My dad, aunt and uncle have a lump sum from grandparents that is earning next to nothing but they are also very low risk. I want to offer that they put the lump sum in my offset and I wil…

Hotel requires “major bank card” to accept deposit? So I booked a hotel online, which I have done frequently over the past year with many different hotels; have never had an issue with any of them until yesterday. I arrive at the hotel, they inform me of the deposit needed, as expected, but when attempting to pay it, they then inform me that they can’t use any of my cards (including one used to r…

HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

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Bank security (Chase Bank only) Hello, I recently opened a Chase account & wanted to know a few things things (security information) I will have large sums of cash in checkings, savibgs & investments. I own a business and make more than decent money & could be classified as “wealthy” even though I’m young. I’m a very anxious/paranoid person and wanted to know ways I can better…

Bank error in my favor and the bank seems not to care Last year I opened a new bank account that promised a signup bonus, but somehow I eventually got $300 more than the promised amount. I know the usual rule is that you cannot keep mistakenly deposited money and should leave it in the account until it is removed. Although I notified the bank of the error a few months ago and they told me they woul…

Bank of Japan Edges Toward Letting Rates Rise Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.

Moving was way more expensive than planned, bank account is on life support, need advice. So in June I moved to Michigan to be back near my kids. The DAY OF THE MOVE Penske told me they didn’t have a car carrier for one of our vehicles. I still had around $3k when I got to Michigan, but was unable to commit to a job the first month of being here because I needed to find an affordable flight to FLY back to Utah to pickup and spend gas…

Bitcoin Volatility Expected on Friday’s Bank of Japan Rate Decision. Here’s Why The BOJ is predicted to soften its grip on the country’s bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, are sensitive to changes in global liquidity conditions.

Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens.

Canada Unveils New Bank Capital Rules for Crypto Holdings New rules for banks and insurers are based on international norms, regulators said

Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank For many citizens, the central bank digital currency isn’t easy to use.

Pan Gongsheng Named Head of Chinese Central Bank Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.

EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements

Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America Ripple’s XRP offerings are unique, and the implications of the court’s ruling are difficult to determine, the report said.

Clueless as to why I’m blacklisted from Ally bank I have been trying to open a account since 2019, no matter what, even after fixing everything in Chex systems they won’t approve my application. I guess my name is on some sort of list in their system. Would be nice to use buckets though no joke since this seems like the only worthy bank offering that. I guess I’m stuck banking at Capital One bu…