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Tag: reserve banks

Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application

"Thus, unless Federal Reserve Banks possess discretion to deny or reject a master account application, state chartering laws would be the only layer of...

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The End of Cannabis Drug Testing? – Even Drug Test Kit Makers Are Dropping Weed Testing and Prioritizing Fentanyl Instead

A leading supplier of drug testing kits recently revealed an updated screening panel that excludes cannabis testing and places a greater emphasis on fentanyl...

Bug in Fed’s payment system prevents Americans from getting paid

Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an...

Stablecoins are a battleground for the future of money

We should not let old paradigms prevent respect for the new societal expectation that the money we leave with a financial institution is...

Tokenization steps forward with US short-term debt

Tokenization of real-world assets on blockchain has been much talked about in crypto circles for years, with illiquid assets such as real estate considered...

Bitcoin Retakes $28,000 as Inflation Cools and Debt Default Looms

With inflation down, a debt default on the horizon, and an economic slowdown potentially causing more banks to wobble, bitcoin is holding strong. The...

Credit Default Swaps on US Debt Spike Beyond 2008 Levels

The cost to secure against a government default on the $31.4 trillion debt has spiked 10x in the past six months. March in particular...

Bond Spreads Break Record

A leading indicator of recessions is flashing red at record levels according to data by the St Louis branch of the Federal Reserve Banks....

Go-Live with RTP or FedNow in 90 Days with Go-Live Faster

Go-Live Faster is leading the way in real time payment enablement as banks and credit unions scramble to navigate a myriad...

Get Ready for the Launch: A Fintech Guide to the FedNow Payment Service (Yuri Kropelnytsky)

In response to the demand for faster and more convenient payment options, the Federal Reserve has launched a plan to modernize the US payment...

Banks Keep Rolling Fed Loans

The troubles in the bank markets have eased as a speculative attack on Deutsche Bank last week had many point out that the bank...

FDIC Gave Flagstar $25 Billion Cash, For Free

Flagstar, the acquirer of the assets of Signature Bank, is boasting they received $25 billion in cash by the Federal Deposit Insurance Corporation (FDIC)....

Fed Prints Another $100 Billion

Almost 2/3 of the monetary tightening by the Federal Reserve Banks has been erased in just days according to the latest release. The Federal...

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