“SAFE Banking Act of 2021” has cleared the House… Both the House and Senate bills contain important modifications from the original legislation in the prior Congress, including changes to the protections related to hemp businesses and the definition of “financial services”.

Banks did not "pile into cash". Nor did they "suck in" deposits. Rather, the Fed crammed into commercial banks via QE policy although the banks have little demand for loans.

The Fed has repeatedly said that it must see “substantial further progress” toward its employment and inflation goals before easing up on its efforts to stabilize the economy. BofA analysts now say that sufficient progress will be achieved this year for the Fed to start thinking about tightening monetary policy, according to a research report released last week.

The US economy is finally rebounding thanks to both the stimulus relief packages and the rollout of the vaccine, but this upswing will likely be tempered by the looming threat of inflation on the horizon...

As New York hikes taxes on millionaires and billionaires, many companies, including Goldman Sachs Group Inc., Apollo Global Management Inc., and Point72 Asset Management, are making preparations to expand business into other states.

US banks are twice as expensive as they were a year ago looking at earnings and assets... in fact, financials are more expensive than ever measured by the ability of banks and nonbanks to pay dividends to investors.

In March, the refinance share of origination dropped sharply from 59% in February to 48%.

Remote work has had a mixture of positive and negative effects on many mortgage companies’ output. Nearly 80% of over 200 senior executives surveyed plan on keeping anywhere from 21-80% of workers at home post-pandemic, given that 62% found productivity rose and 51% were able to cut costs. However, 52% found employee communication suffered.

The Covid-19 Pandemic has had a widespread and devastating impact on millions of American families' financial stability. However, this hardship has not been borne equally across the population. Renters experienced it more often than homeowners, and Black and Hispanic individuals experienced it more often than white individuals.

Binance, the world’s largest crypto exchange by volume, launched a U.S. arm in 2019, and has recently hired Former Acting Comptroller Brian Brooks. As Brook’s transitions into his new role with Binance, he intends to cement the company’s commitment to US regulatory compliance and make the exchange a robust competitor.

“Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto, within the Venmo environment they trust and rely on as a key component of their everyday financial lives,” said Darrell Esch, SVP and GM, Venmo...With the introduction of crypto on Venmo, the broader Venmo community will now have access to an easy-to-use and intuitive crypto platform to help them take part in the cryptocurrency market.

Blend facilitated $1.4 trillion of mortgages through its system in 2020 and was valued at $3.3B in January - their IPO will be considerably more than that.

Google’s independent growth fund, CapitalG, lead a $40mnm round in fintech Mantl. MANTL, a startup that has developed technology to make it easier for people to open accounts digitally at banks and credit.

In the last 5 years, digital banking users grew at a 39% CAGR (compound annual growth rate) while the number of physical bank branches declined at an 11% CAGR. With this increased focus on a digital banking experience, many community banks have started to lag behind megabanks like Chase and Bank of America.

Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs.

Visual Capitalist surveyed 240 senior financial executives and took into account their responses, as well as other key factors, to identify the world's top financial centers today and how these financial centers may shift in the future.

On Tuesday, Mr. Xi said, “We must not let the rules set by one or a few countries be imposed on others, or allow unilateralism pursued by certain countries to set the pace for the whole world.”… While China is advocating for its own rules and standards under the ambit of the BRI, including in new emerging areas such as 5G, the U.S. has pushed for its allies and partners to seek alternatives.

Niall Ferguson, best-selling British historian, offers his own examination and insights into the recent pandemic, as well as other major disasters, with a particular focus on why humans handle them so poorly. “Historians tend to gravitate toward the study of…extreme disasters, with a preference for the man-made varieties,” writes the author. “Yet they seldom reflect very deeply on their common properties.”