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
Staten Island Academy's boys' basketball team faced a tough loss in the ACIS Championship, falling to Dwight School by just three points. The Tigers, who entered the tournament as the second seed, put up a good fight, especially after being down by 14 points in the second half. They managed to take
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
Staten Island and parts of Queens are on high alert due to a coastal flood advisory. This warning comes after a recent snowfall, with the worst expected early Monday morning. The concern is minor flooding, with water levels possibly rising up to six inches above normal. Residents are being told to
Staten Island has long been a challenging area for Democrats. Over the past 40 years, only two Democrats have secured the congressional seat, and their victories were short-lived. Now, Democrats are advocating for a change in district boundaries, arguing that it's about fairness. A judge recently r
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
Staten Island saw a big drop in crime in 2025, but not all areas improved. The overall crime rate fell by 0. 7%, but some crimes went up. For example, grand larceny and retail theft saw small increases. However, violent crimes like murder and shootings dropped a lot. Murders went down by 63%, and sh
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
State Street has just rolled out a new Digital Asset Platform. This is a big move for them. It's a system that helps turn traditional finance into digital tokens. The platform is built to be safe, strong, and able to grow. It's like a bridge between old-school money and new-school digital assets. T
States are taking charge of employment laws, creating a mix of rules that can be confusing for businesses. From AI in hiring to menopause protections, here's what's changing. AI is a hot topic. Some states are making rules to stop AI from being biased in hiring. Illinois has a new law about this, a
