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
Hong Kong is stepping up its game in the crypto world. At a recent event, officials shared plans to boost the city's digital asset scene. This includes new rules for crypto trading and upcoming licenses for stablecoins. The goal? To make Hong Kong a friendlier place for crypto businesses. Why does
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
Hong Kong is making waves in the digital money world. The city's finance chief, Paul Chan, recently talked about their plan at a big meeting in Davos. He said that mixing money and tech is cool, but rules are needed to keep things safe. Chan explained that digital money should help the real world,
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
Hong Kong's political scene has seen a huge shift. The Democratic Party, a key player in the city's pro-democracy movement for over 30 years, has decided to close down. This decision comes after a lot of thought and discussion among its members. Almost everyone agreed it was the best choice. The pa
Bank of America is now telling its rich clients to put some money into Bitcoin. They say it's okay to put 1% to 4% of their money into Bitcoin. This is a big deal because Bank of America is one of the biggest banks in the US. They will let their clients buy Bitcoin through special funds starting Ja
Hong Kong's recent fire tragedy has put a spotlight on the often overlooked heroes of the city: migrant domestic workers. These women, primarily from the Philippines and Indonesia, are the unseen backbone of many households. They cook, clean, and care for families, yet their stories are rarely told.
