New York Community Bancorp Seeks to Shed Problem Commercial Real Estate Amid $185 Million Loss
New York Community Bancorp Inc. is exploring options to divest troubled commercial real estate assets…
Banking
Biden Administration Targets Money Laundering in Real Estate with Transparency Proposal
In a bid to enhance transparency and combat money laundering, the Biden administration has put…
German Banks Navigate US Commercial Property Downturn with Covered Bonds and Deposits
As the impact of the US commercial property downturn reverberates globally, German banks, including Deutsche…
SEC Adopts New Rules to Broaden Market Participant Oversight, Potentially Impacting Crypto Industry
On February 6, the United States Securities and Exchange Commission (SEC) made a pivotal move…
Vast Bank To Exit Cryptocurrency Industry
Vast Bank, a financial institution that positioned itself as the first U.S. bank allowing customers…
First National Bank to Pay $13.5 Million to Settle Redlining Allegations in North Carolina
In a significant development, federal and state officials have revealed instances of racially motivated discrimination…
Iraq Bans Eight Banks from U.S. Dollar Transactions Amidst Crackdown on Illicit Financial Activities
Iraq has taken stringent measures to curb fraudulent activities, money laundering, and other illegal uses…
Chinese Investors Navigate Crypto Investment Amidst Government Ban
Despite a sweeping ban on crypto trading and mining imposed by the Chinese government in…
Bakkt Expands Crypto Trading Capabilities to Brazil, Guatemala, Spain, Hong Kong, and Singapore
Bakkt, a leading provider of custody, trading, and onramp capabilities for the crypto economy, has…
Swiss Crypto Banking Group Sygnum Raises $40 Million, Hits $900 Million Valuation
Sygnum, a prominent crypto banking group based in Switzerland, has successfully concluded a funding round,…