Browsing: final

Key insight: FDIC-insured bank-affiliated issuers must fully back stablecoins, report monthly on reserves.Supporting data: No more than 40% of reserves may sit at a single custodian.Forward…

Key insight: Santander’s pending acquisition of Webster Financial checks several boxes for the Spanish bank, which has been seeking greater scale and profitability in the U.S.Expert…

Key Insight: The Federal Deposit Insurance Corp. is restructuring its supervisory appeals process.Supporting data: The final rule requires the three-member appeal panel to have at least…

STAMFORD, CONNECTICUT – JULY 17: Former Small Business Administrator Linda McMahon led all … [+] presidential campaign donors from Connecticut, having given $813,000 to a joint…

The United States Treasury Department building in Washington, D.C.getty Eight years ago, in December of 2016, the IRS issued the ill-fated first set of reporting requirements…

US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024. Daniel Steinle | Bloomberg | Getty ImagesIn 2023, the Supreme Court…

Sunset at the Treasury Departmentgetty Eight years after issuing the ill-fated Notice 2016-66, the U.S. Treasury has released its final regulations relating to so-called “microcaptive transactions”.…

The $5-billion all-share deal, initially announced in June, is now set to close by February 3, 2025, after receiving approval from the Minister of Finance. This…

The US Capitol building in Washington, DC, on November 24, 2024. Daniel Slim | Afp | Getty ImagesThe Senate is getting closer to a final vote on…

US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024. Daniel Steinle | Bloomberg | Getty ImagesWith weeks to go…