Bank of America has added Ligand Pharmaceuticals to its list of stocks it recommends buying, setting a new price target at $244. The move comes as the bank highlights Ligand’s business model, which focuses on high‑margin products and a lower level of risk compared to many other biopharma companies.
Banks and regulators have announced that digital versions of securities, known as tokenized securities, will be treated exactly like their conventional counterparts when it comes to capital requirements. The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency explained that
Brazil’s finance chief, Fernando Haddad, is pushing for a fresh approach to how the country spends on social aid. He points to a 2003 reform that collapsed many small programs into the Bolsa Família cash‑transfer scheme, suggesting a similar consolidation now might make sense given current spending
Banks are diving into AI, and it's a big deal. For the third year, it's the hottest trend in finance. But it's not all smooth sailing. AI brings both benefits and risks. On one hand, it boosts efficiency and improves customer service. On the other, it opens doors to fraud, deepfakes, and voice cloni
Banks in the euro area might struggle to get money from markets, especially in dollars and other foreign currencies, if global tensions keep rising. This warning came from the European Systemic Risk Board (ESRB) on a Thursday. Recently, things got tense between Europe and the U. S. over President T
Brazil is considering a major shift in how investment funds are managed. The country's finance chief wants the central bank to take charge of overseeing these funds. This change could make the financial system more stable and secure. The idea came up after a bank called Banco Master SA ran into tro
Brazil's finance chief, Fernando Haddad, is pushing for a major shift in how the country's investment funds are overseen. He wants the central bank to take on this role, which is currently handled by the CVM, the securities regulator. This idea is still up for discussion among key government bodies,
Banks are in a tough spot right now. President Trump has suggested capping credit card interest rates at 10% for a year. This idea has caused quite a stir in the finance world. Banks are trying to figure out what to do next. The problem is, there's no clear plan on how this cap would work. The Whit
Brazil's President, Luiz Inacio Lula da Silva, strongly criticized the U. S. for its recent military actions in Venezuela. He stated that the U. S. had crossed a line that should not be crossed. Lula believes that these actions are a serious threat to Venezuela's independence and set a dangerous exa
Brazil's highest court made a big move. They decided to lock up Silvinei Vasques, the former head of the federal highway police. He was caught in Paraguay trying to skip town. Vasques was on the run after breaking his court-ordered ankle monitor. This guy was no small fish. He was sentenced to over
