Ujjivan Small Finance Bank has announced that the Reserve Bank of India (RBI) will require it to show a more varied loan portfolio before approving its shift from a small finance bank to a universal bank. The RBI’s feedback highlighted that while the bank has been working on diversifying its lend
Banks are stepping away from some commodity payments because of worries about hidden ties to Iran. The result is a surge in the use of stablecoins, especially Tether’s USDT, by traders who need quick and reliable ways to move money. The global trade finance market is worth about $2 trillion, b
Small businesses are the backbone of America, and 2023 saw a record 5. 5 million new business applications filed. A surge that began during the COVID‑19 pandemic has kept growing, driven by people who want independence, changing consumer habits, and those restarting after layoffs. Success often hing
Banks need three things from a blockchain that most public chains miss: the ability to keep parts of a transaction hidden, a reliable order of operations that can’t be hijacked by bots, and tools that let them prove compliance without broadcasting secrets. Public ledgers expose every move to anyo
Bank of America’s analyst Ming‑Hsun Lee has refreshed his view on the Chinese tech firm Pony AI Inc. , keeping a Buy rating and suggesting a target price of HK$148. 00 for the stock. Lee’s focus is on consumer‑cyclical companies, and he has a solid track record: an average return of 16. 5 % and a su
Small firms juggle about 500 bills each month. When these are handled through emails, spreadsheets and manual checks, the cost per invoice rises to between $15 and $40. This isn’t a tech issue—it’s an operational tax that many finance teams accept without question. The main expense is labor: a staf
Banks are testing ways to put their money onto blockchains, a move that could reshape how payments work. The idea is called tokenized deposits: digital tokens that represent real bank balances on a distributed ledger. These tokens are not just a new form of money; they stay tied to the bank’s own li
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
Small newspapers keep the pulse of their communities alive by covering local athletes before they become national stars. A few years ago, a young player from Virginia Beach talked about a childhood race he lost to his mom and vowed never to compete again, yet the next year he led a high‑school footb
