Reuters

(Reuters) - Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may attract anti-trust scrutiny.

Analysis-US regional bank deals rise as lenders aim to bolster balance sheets

Getting your Trinity Audio player ready... Deposit insurers or lenders that provide insurance to depositor funds against bank failures should take an interest in the degree of replacement of bank deposits by central bank digital currencies (CBDCs), according to the Reserve Bank of India (RBI). “For deposit insurers, factors of...

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

PYMNTS

For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15) that it would debut...

As Klarna Eyes Banking, BNPL Becomes Onramp to NextGen Neobank

Chi Lo, Asia Pacific Senior Market Strategist from BNP Paribas Asset Management is skeptical of potential cash vouchers from Chinese policymakers as the consumer takes a backseat in the government's policy priorities.

China willing to stomach some consumer weakness to focus on re-industrialization: BNP Paribas

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border transactions for businesses amid...

Singapore: DBS Bank Unveils First Multi-Currency Commercial Debit Card

Advait Palepu is now covering the wealth beat in India for Bloomberg News, which he joined in March 2023. He previously was a writer for The Morning Context in Mumbai. He also worked as a correspondent for MediaNama covering digital banking and fintech. Palepu also worked at Bloomberg Quint in...

Palepu now covering wealth in India for Bloomberg

Popular on-chain analyst Willy Woo is predicting that Bitcoin (BTC) will ultimately hit a massive value for one key reason. Woo tells his 1.1 million followers on the social media platform X that Bitcoin could capture 3% of the total wealth assets and soar more than 975% from the current value.

Bitcoin To Explode by at Least 975% To Reach Ultimate Price, Says Analyst Willy Woo – Here’s the Timeline

GenAI (generative artificial intelligence) can be a powerful business tool. Adopting this technology enables you to automate repetitive tasks, letting your staff focus on more revenue-driven activities. GenAI facilitates your company’s fast and personalized responses to customer inquiries and ensures data-driven business decisions. While GenAI has become increasingly popular...

4 GenAI Risks for Businesses

[PRESS RELEASE – Sydney, Australia, August 19th, 2024]. With over AUD$2 billion in total sales to date, Easy Crypto today announces the launch of a new ‘beginner wallet’ aimed at Australians looking for an easier way to buy, swap, hold and sell their crypto. Easy Crypto, New...

Easy Crypto launches new Australian wallet aimed at first-time crypto investors

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

New Jersey State

Newark, NJ

Morristown Minute

NEW JERSEY - Alain Rodrigues, a 49-year-old Middlesex County resident and owner of a construction business in Old Bridge and Newark, New Jersey, has admitted to charges of tax evasion and failure to collect and pay over taxes. U.S. Attorney Philip R. Sellinger announced that Rodrigues entered his guilty plea on August 1, 2024, before U.S. District Judge Esther Salas in Newark federal court.

Construction Business Owner Admits Tax Evasion, Owes $1.35M

Camden, NJ

Cornelius, NC

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

As the cryptocurrency market continues to evolve, savvy investors are always on the lookout for the next big opportunity. Two ICOs that have recently caught the attention of the crypto community are Pepe Unchained (PEPU) and Mpeppe (MPEPE), each offering unique features that could potentially revolutionize the meme coin space. While the broader market is in a state of consolidation, these two tokens are generating significant buzz, with Pepe Unchained (PEPU) poised to break new ground with its innovative approach and Mpeppe quickly gaining traction among those looking for high returns. Let’s dive into what Pepe Unchained and Mpeppe (MPEPE) bring to the market.

Hot ICO’s Alert: A Look Into What Pepe Unchained and Mpeppe Bring To The Market

El Salvador – [August 19th 2024] – Gofaizen & Sherle, a leading provider of legal and business consulting services for FinTech projects, digital assets, investment funds, and financial organizations, is excited to announce the opening of its new office in El Salvador. This strategic expansion aims to enhance our global presence and better serve our clients in the burgeoning FinTech sector.

Gofaizen & Sherle Opens New Office in El Salvador, Strengthening Global FinTech Services

HTX Ventures has released its 2024 Half-Year Investment Report, outlining its strategic investments and focus areas for the first half of the year. As a significant player in the blockchain venture capital (VC) sector, HTX Ventures targeted six key areas and invested in 23 projects to drive innovation and address the core challenges of Web3, as shown in the Figure below.

Strategic blockchain investments by HTX Ventures: A mid-year analysis

Denver, CO

The Denver City Council accepted Monday two grants totaling $24.5 million from the state of Colorado to pay for the homeless navigation campus it opened last year. One council member wants answers as to why wraparound services at the campus aren't up and running.

Denver homeless hotel wins $24.5 million grant, experiences wraparound services delay

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Jersey City, NJ

Essex County, NJ

NEWARK, N.J. – Efrin Wade, a former correctional officer at Essex County Correctional Facility (ECCF), has admitted to accepting $14,000 in bribes to smuggle contraband, including tobacco and a cell phone, into the facility for inmates. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Correctional Officer Guilty of Smuggling Contraband: $14K in Bribes Accepted

Texfelt, part of the JR Group, reported a 20% increase in flooring sales last year. The U.K.-based company credits this substantial growth to the £10 million investment in Texfelt’s Cutler Heights manufacturing plant in Bradford. This investment was pivotal in steering the company towards a forward-thinking, innovative direction that has revitalized the flooring and furniture industry and has helped make exfelt’s Springbond product a market leader in high-performance, fully recyclable underlay.

Texfelt Reports 20% Sales Growth

NewsBreak

India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

Getting your Trinity Audio player ready... The Reserve Bank of India (RBI) believes that technology-induced systemic risk has become one of the key areas of concern...

India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

Comments / 0