CBDC: Palau satisfied with its Ripple-powered CBDC pilot program

crypto.news Palau is touting its pilot of a Central Bank Digital Currency (CBDC) based on Ripple technology. Despite minor challenges, the feedback from the pilot conducted on Ripple’s…

Can I Really Live Off The Interest of My $1 Million Portfolio?

finance.yahoo.com Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year.…

US budget gap is $47 billion more than previous year: report

foxbusiness.com The Congressional Budget Office (CBO) announced Friday that it is estimating that the federal budget deficit totaled $383 billion in October and November 2023, the first two…

Republic of Palau reports high satisfaction in Ripple-based CBDC pilot

cryptoslate.com Palau’s Ministry of Finance released a detailed report on the first phase of its groundbreaking Ripple-based stablecoin program on Dec. 7. The country conducted the pilot…

US Bank Deposit Outflows Continue To Surge As Regional 'Stress' Accelerates

zerohedge.com US Bank Deposit Outflows Continue To Surge As Regional 'Stress' Accelerates Yesterday we found out that inflows to money-market funds continue to be huge ($290BN in six…

Palau’s Ripple-supported stablecoin pilot achieves positive results

cointelegraph.com The first phase of the Palau Stablecoin (PSC) Program has been declared a success by the country’s Ministry of Finance. More work on the United States dollar-pegged national…

Why Have Uninsured Depositors Become De Facto Insured?

promarket.org Due to a change in how the FDIC resolves failed banks, uninsured deposits have become de facto insured. Not only is this dangerous for risk in the banking system, it is not…

SEC issues new investor warning over crypto assets

cryptoslate.com In a recurring advisory issued today, the U.S. Securities and Exchange Commission (SEC), through its Office of Investor Education and Advocacy, has once again emphasized the…

Top CD rates today: Dec. 8, 2023

aol.com When you put money into a certificate of deposit (CD), especially one with a high fixed interest rate, you’ll continue to enjoy that same yield even if the going rates for…

Fed Balance Sheet QT: -$1.23 Trillion from Peak, -$129 billion in November, to $7.74 Trillion, Lowest since April 2021

wolfstreet.com The Fed has now shed 29% of Treasuries it had added during pandemic QE starting in March 2020. The Fed’s Quantitative Tightening (QT) continues on track, and the unwinding…

There are now at least 8 CDs paying 6% or higher. Here’s where to get those high APYs

marketwatch.com If there’s anything consistent in the savings world this year, it’s that certificates of deposit (CDs) continue to deliver a high rate of return. In December, 10 of the CDs…

Senate Republicans call on FDIC chief to resign over harrassment allegations

thehill.com Five Republican senators on the Senate Banking Committee called on Federal Deposit Insurance Corporation (FDIC) Martin Gruenberg to step down over allegations that he agency…

Safe Deposits: 3 Financial Stocks to Secure Your Portfolio

investorplace.com Weakness in the banking sector does not hinder companies with great potential I wouldn’t blame you for thinking the financial sector is on shaky ground. With significant…

Top CD rates today: Dec. 7, 2023

aol.com Chances are good that the Federal Reserve won’t opt for a rate hike when it meets next week, so we may not see further increases in yields on certificates of deposit (CDs).…

Forward dividend yield: What it is and how to use it

marketbeat.com The term "forward dividend yield" sounds complicated, but it's not. Investors often use this metric to consider adding to their portfolios when evaluating dividend-paying…

Boost your bank balance: SoFi's $300 bonus for new and existing customers

fortune.com It’s no secret Americans everywhere are feeling the pinch of soaring costs across all areas of life, from housing to groceries and beyond. In fact, 27% of U.S. adults have…

High-Yield Savings Accounts Rise to New Record Rate

investopedia.com The full article follows below this list of offers from our partners. Back in October, high-yield savings account rates climbed to a new record high of 5.40% APY. But since…

Dow Jones Today: Stocks Waver, 10-Year Yield Dips as Data Shows Cooling Labor Market

investopedia.com American depositary receipts (ADRs) of British American Tobacco (BTI) tumbled over 8% Wednesday to their lowest since 2010 as the cigarette maker said it would write down…

6 of the best passive income investments

aol.com It’s possible to work less and make more, and passive income can help you do that. To earn passive income, you generally must make an upfront investment — either in the form…

Regulators Increase Scrutiny of Banks’ Risk Management Plans

pymnts.com In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action.…

Top CD rates today: Dec. 6, 2023

aol.com Certificate of deposit (CD) rates are currently high at competitive banks, thanks to the Federal Reserve’s key benchmark borrowing rate sitting at a 22-year high. When the…

US regulators clamp down in bid to prevent more bank failures

aol.com WASHINGTON/NEW YORK (Reuters) - U.S. bank supervisors are increasing scrutiny of lenders' risk management practices and taking disciplinary action as they try to fix…

Ten31 Timestamp 819,428

tftc.io The upward whipsaw in traditional markets continued this week, as the S&P 500 made new YTD highs and bond yields continued their aggressive retracing of last month’s upward…

Will CD Rates Go Up—Or Down

investopedia.com The Best CD Rates Today Are at 20-Year Highs It's been a banner year of historic proportions for anyone with cash in the bank. Rates paid on savings accounts, money market…

Spotlight on AI, digital assets at House subcommittee hearing

cryptoslate.com The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion convened a pivotal hearing on Dec. 5, to hear from high-ranking…

JPMorgan Says It Is Meeting Integration Milestones Since Acquiring First Republic

pymnts.com J.P. Morgan Chase has retained 90% of First Republic’s clients after acquiring the bank in a government-led auction earlier this year. The achievement reflects J.P. Morgan’s…

Top CD rates today: Dec. 5, 2023

aol.com Since a week ago, top rates on longer-term certificates of deposit (CDs) have decreased slightly, with Bread Savings having lowered some of its rates. This makes Popular…

Top CDs Today: Leading 2-Year Rate Is Now 5.50%

investopedia.com How High Will CD Rates Go This Year? The Federal Reserve has been aggressively combating decades-high inflation since March of last year, raising the federal funds rate with…

How Fry’s Electronics Pivoted From Retail To Backing 180%-Interest Consumer Loans

forbes.com n that bygone age when internet connections screamed through modems, Fry’s Electronics was Disneyland for techies. It wasn’t just a store to buy a mouse, it was where…

‘The cost of that goes way up’: Goldman Sachs CEO slams proposal to force banks to hold billions more in capital

aol.com The CEO of one of America’s largest banks has slammed a proposal he says could inadvertently harm Americans’ retirement savings. David Solomon, the head honcho at Goldman…

Binance: Can the biggest crypto exchange reform itself?

theweek.com The smartest insight and analysis, from all perspectives, rounded up from around the web: Terrorists, hackers, drug dealers and pedophiles — meet the customers of the…

Tips for recovering from bankruptcy that you can start working at now

aol.com None Although bankruptcy will create financial challenges in the future, there are still steps you can take to help reestablish your credit profile. • None To get your…

No, that 90% off sale is not legit. Here's how to spot scams and protect your cash

aol.com Overspending on holiday gifts isn't the only way to drain your bank account. Many consumers started out 2023 dealing with holiday hangovers, thanks to a flurry of scams and…

Regulators Hope You Don't Notice The Massive Hidden Losses In The Banking System

zerohedge.com Regulators Hope You Don't Notice The Massive Hidden Losses In The Banking System Subitted by Paul Kupiec, Senior Fellow, American Enterprise Institute The Secretary of the…

Top CD rates today: Dec. 4, 2023

aol.com Yields on various high-earning certificates of deposit (CDs) fluctuated a bit last week, with some new offerings taking over the top spot for several terms. Overall, yields…

Safe investments with high returns: 9 strategies to boost your portfolio

fortune.com When investing your hard-earned cash, there’s often a trade-off between returns and volatility. Low-volatility assets–like bonds and money market funds–offer modest returns…

The Morning Risk Report: Meta Is Struggling to Boot Pedophiles Off Facebook and Instagram

createsend.com The U.S. Securities and Exchange Commission said Mallinckrodt failed to tell investors it had potentially overcharged Medicaid for its flagship drug, reports Risk &…

Bitcoin Spot ETFs: Why Do They Matter?

thedefiant.io The approval window for spot Bitcoin ETFs is now open. Over its 15-year history, Bitcoin has transitioned from a niche form of digital settlement into a $700B asset tracked…

Opening Bell: 11.16.23

dealbreaker.com Your Thanksgiving Costs, Broken Down [WSJ]Consumers are estimated to spend about 2% more on Thanksgiving dinner this year, compared with a 14% increase last year, according…

The Powerball jackpot is huge, but here are 3 better ways to increase your wealth

edition.cnn.com Editor’s Note: This is an updated version of a story that originally ran on July 19, 2023. After no ticket matched all numbers drawn in Monday night’s Powerball lottery,…

$684,000,000,000 in Unrealized Losses Hammer US Banks As Fed Reveals Surge in Underwater Assets

dailyhodl.com US banks are now saddled with a staggering $684 billion in losses on securities, according to a new report from the Federal Deposit Insurance Corporation (FDIC). The agency…

FDIC Faces Internal Reckoning Over Toxic-Culture Allegations

wsj.com The Federal Deposit Insurance Corp. is facing an internal reckoning over allegations of widespread harassment and discrimination, with many employees left skeptical about…

What happens if your mortgage company goes bankrupt?

aol.com None If your mortgage company goes bankrupt, you’ll still have to make your mortgage payments, but all terms should stay the same. • None If your loan is active or has just…

Bluevine: Business Checking Propels Managed Deposits to $1B

pymnts.com Bluevine, a digital banking platform for small businesses, has surpassed $1 billion in managed deposits by its small business banking customers. The accomplishment places…

6 best money market funds in December 2023

aol.com With interest rates higher than they’ve been in some time, savers and investors are once again able to earn decent rates of return in relatively safe investments such as…

Top CD rates today: Dec. 1, 2023

aol.com Yields on certificates of deposit (CDs) remain high, following 11 rate hikes by the Federal Reserve since March of 2022. The highest annual percentage yield (APY) on a…

Circle Denies Allegations that USDC Was Used to Fund Terrorism and Money Laundering

coinspeaker.com Coinspeaker Circle Denies Allegations that USDC Was Used to Fund Terrorism and Money Laundering After the United States Department of Treasury caught up with Binance…

10 best low-risk investments in December 2023

aol.com As the economy faces high inflation and the Federal Reserve raises interest rates in an effort to limit the rise in prices, the U.S. could be headed for a recession.…

Best robo-advisors in December 2023

aol.com Robo-advisors have become popular in recent years, and industry experts expect them to become even more popular in the years ahead. That’s because robo-advisors offer…

8 best short-term investments in December 2023

aol.com If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The…

Best online stock brokers for beginners in December 2023

aol.com Choosing an online stock broker can be an intimidating process, but it’s an important first step in your investing journey and can help you build substantial wealth over…

Best cash management accounts in December 2023

aol.com Cash management accounts are cash accounts offered by a financial institution other than a bank or credit union — often from a broker. A cash management account can be used…

3 ways to take advantage of high CD rates

aol.com Yields on many deposit accounts are currently the highest they’ve been in years, and various savings accounts and certificates of deposit (CDs) are even earning yields that…

The best health savings account (HSA) providers of 2023

aol.com The tax advantages of a health savings account (HSA) are unbeatable — better than a 401(k), traditional IRA, Roth IRA or 529 savings plan. It can be used like a checking…

Republic First Bancorp and Norcross Braca Group Provide Update on Closing of $35 Million Capital Investment

benzinga.com PHILADELPHIA, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. FRBK ("Republic" or the "Company"), the parent company of Republic First Bank d/b/a Republic…

These are the most popular banks in each state

aol.com Banking with one of the most popular banks can mean having access to more locations and better digital features than at other banks. You might get access to a highly rated…

Unrealized Losses At US Banks Exploded In Q3

zerohedge.com Unrealized Losses At US Banks Exploded In Q3 Via SchiffGold.com, Unrealized losses on securities held by US banks exploded by 22% in the third quarter. Of course, unrealized…

New Worry About Economy In 2024

forbes.com Some of things that helped boost the economy this year may hurt it next year,new research shows. “Fiscal stimulus in 2023 was part of the reason the market and economy…

Bank stocks finish November on a hot streak despite fresh warnings about risks

aol.com Bank stocks are ending November on a hot streak even as regulators offer fresh warnings about risks still facing the industry. Two major indexes tracking the banking…