The crypto industry has been desperate for U.S. regulation as the last major piece in its global maturity puzzle, but sector veteran and compliance expert TuongVy Le, a former Securities and Exchange Commission lawyer, argues that what Congress and the …
Ex-Wells exec sues Fed for deferred compensation
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. James Richards, a former Wells Fargo executive, has sued the Federal Reserve for denying his post-retirement deferred compensation, …
Amazon, Meta lead ‘Magnificent Seven’ stock surge on temporary US-China trade truce
Amazon (AMZN) and Meta (META) led the “Magnificent Seven” Big Tech stock surge Monday afternoon after the US and China announced a temporary trade war truce. Amazon shares rose 8.1%, while Meta spiked 7.9%. Tesla (TSLA) stock jumped 6.8%, pushing …
Chateaushi launches token sale to back historic estates with crypto
Chateaushi AG, a tech platform focused on historic real estate financing and preservation, today announced the launch of its public token sale for CASL. After four years of development, Chateaushi has evolved into a decentralized marketplace designed to support the …
Fed survey finds tighter standards, weaker demand for loans in first quarter
By Michael S. Derby and Ann Saphir (Reuters) – Top U.S. bank lending officers said credit standards tightened over the first three months of the year, according to a report released on Monday by the Federal Reserve. During the first …
Restructuring Progress and Tariff Impacts Drive Outlook
Manufacturing company Leggett & Platt (NYSE:LEG) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 6.8% year on year to $1.02 billion. On the other hand, the company’s full-year revenue guidance of $4.15 billion at the midpoint …