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Standard Chartered and FalconX Launch Institutional Crypto Expansion in Asia, U.S., and Middle East
May 14, 2025
In a strategic move that underscores the evolving intersection of traditional finance and digital asset markets, Standard Chartered has partnered with FalconX, a U.S.-based crypto prime broker, to provide enhanced institutional banking infrastructure for digital asset trading and settlement. The all
Goldman Forecasts 11% S&P 500 Climb After Historic 115% Tariff Cut Agreement
May 14, 2025
Goldman Sachs has increased its 12-month target for the S&P 500 to a record 6,500, citing a new trade deal between the United States and China that dramatically reduces tariffs between the world's largest economies. What to Know: Goldman Sachs raised its S&P 500 forecast from 6,200 to 6,500, project
Neobanks That Rode $1.45 Billion Interest Income Wave Now Face Rate Environment Reckoning
May 13, 2025
Financial technology firms that recently enjoyed soaring profits from high interest rates now confront a challenging transition as rates begin to decline globally. Several major fintechs reported substantial profit increases in recent reporting periods, but industry analysts warn that companies over
Crypto Bank Anchorage Digital Buys Mountain Protocol, Ends 10,820-Holder USDM Stablecoin
May 13, 2025
Anchorage Digital, the only federally chartered digital asset bank in the U.S., has acquired Mountain Protocol in a strategic move to expand its stablecoin services, while Mountain's primary stablecoin USDM will be discontinued, the company announced Sunday. What to Know: Anchorage Digital will inte
U.S. Banks Maintain Record-High Credit Card Rates Despite Defeat of CFPB Fee Rule
May 12, 2025
Credit card issuers are preserving elevated interest rates and new fees that were initially implemented to offset a Consumer Financial Protection Bureau (CFPB) rule restricting late fees, even after bank industry groups successfully defeated that rule in federal court last month. Major retail card i
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