The Reserve Bank of India (RBI) has recently shared some new ideas about how much banks can invest in the stock market and help with company takeovers. They want to make sure banks don't put too much money in these areas. The RBI suggests that banks should not spend more than 20% of their strongest
In the world of finance, change is constant, and innovation is key. Now, there's a chance to shine a spotlight on the people and ideas pushing the industry forward. The Most Innovative People in Finance and Innovation of the Year awards are now accepting nominations. These awards are all about reco
Crypto is making waves in the U. S. as big banks start to take notice. Bitcoin, Ethereum, and Solana are leading the charge, with Bitcoin hitting new highs and Ethereum and Solana bouncing back from recent slumps. The crypto market is now worth over $4 trillion, with Bitcoin alone crossing $2 trilli
Vallejo has seen a wave of top officials leaving recently. Rekha Nayar, the city's finance director, is the latest to go. She spent nine years with Vallejo before moving to the Hayward Area Recreation and Park District. Her last day was Thursday, and she starts her new job next week. Nayar isn't th
Russia is keeping a close eye on the European Union's actions regarding frozen Russian assets. However, they are not currently planning to take any European assets, such as companies or banks. This stance could change if the EU decides to confiscate Russia's frozen assets. A high-ranking official f
Big banks are diving into the world of tokenization, turning traditional assets into digital tokens. This isn't just about crypto anymore. It's about making old-school finance work better with new tech. Goldman Sachs and BNY Mellon have already launched tokenized money market funds. These funds are
Every day, the world of finance and economics throws up new challenges and opportunities. This is where the Odd Lots newsletter comes in. It's a daily dose of insights, analysis, and discussions on the latest happenings in markets, finance, and the economy. Sometimes, it's the hosts, Joe Weisenthal
XDC Network, a blockchain platform, has taken over Contour, a digital trade finance platform. Contour, once supported by big banks like HSBC and Citi, faced challenges and closed down in late 2023. Now, under XDC's leadership, it's getting a fresh start with new funds and a plan to use stablecoins i
SODAX has just launched a new feature that lets people swap crypto across different blockchains quickly and at a lower cost. This service is now available to everyone on their website. Users can trade assets between 12 blockchains, including big names like Solana, Sui, and Ethereum, in just 20-30 se
A man found himself in a sticky situation after giving his business partner some tough love about marriage and money. He was worried about their shared business, which they had built from nothing. Long nights, shared risks, and personal sacrifices had gone into it. But now, his partner's fiancée's c
