March 06, 2024
NYCB Announces $1 Billion Equity Investment, Leadership Changes
New York Community Bancorp (NYCB) announced a $1 billion equity investment and several leadership changes. The new investment comes from several sources, the lender said in a Wednesday (March 6) press release....
March 06, 2024
2024’s Top Trends CFOs Need to Know
If you don’t know what’s coming, you can’t prepare for it. And, as the old adage goes, a failure to prepare is preparing to fail. That’s why, as the CFO...
March 05, 2024
Analysts Debate Role of Stablecoins as Tether Tops $100 Billion
Tether, the leading global stablecoin, reportedly surpassed $100 billion in circulation this week. This milestone has fueled debate about the role of digital currencies in finance, Reuters reported Tuesday (March 5)....
March 05, 2024
AI for Real-Time Treasury Delivers Up to 90% Efficiency Gains
While progress may appear to be a function of replacing work, it is frequently the transformation of work that accelerates innovation. After all, automating an inefficient process wins no productivity...
March 05, 2024
Report: US Regulators Could Debut Banking Rules This Spring
The Federal Reserve and other American regulators could reportedly unveil new banking regulations this spring. That’s according to the New York Times (NYT) report Tuesday (March 5) on the response to last...
March 04, 2024
Galileo and The Bancorp Expand Collaboration to Enable Instant Payments
Galileo Financial Technologies has expanded its collaboration with The Bancorp to enable instant payments. Together, the companies use the RTP® network from The Clearing House to enable instant money movement between bank accounts, allowing FinTechs and brands to...
March 03, 2024
Report: Craft Retailer Joann Considers Bankruptcy Filing
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free...
February 28, 2024
Stripe Valued at $65 Billion After Share Sale Deal
Payment processor Stripe’s value has reached $65 billion following a share sale deal with employees. The deal will see Stripe and some of its investors purchase more than $1 billion in stock from current...
February 28, 2024
Are Blockchain-Based Smart Contracts a Smart Option for Global Financing?
Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional financial sector that digital assets...
