The US banking lobby isn’t keen on interest-bearing stablecoins or their supposed challenge to financial systems — but it may be too late to amend these “loopholes” in the GENIUS Act. The Banking ...
WASHINGTON — Groups representing bankers in Washington are pushing back against a provision in the stablecoin bill that they say opens up loopholes for stablecoins to offer de facto interest. Bank ...
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ICICI Bank Fraud: Employee Siphons Over Rs 4.5 Crore, Experts Urge RBI Action on Banking Loopholes
In wake of revelations that a female employee of ICICI Bank illegally withdrew crores of rupees from more than 100 customer accounts, including fixed deposits (FDs), financial experts have called on ...
US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system. Several US banking groups ...
In October 1999, Goldman and JPMorgan launched a $1.5 billion series of six zero-coupon bonds for Argentina. Each had a face value of $250 million, and the first was wholly guaranteed by the World ...
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