Citigroup is set to add bitcoin custody for big investors later this year, blending the digital coin into its standard asset safekeeping and reporting tools. The plan lets clients hold bitcoin alongside stocks, bonds, and cash in one account, making it easier to mix digital and traditional assets fo
Two young bankers from a large Wall Street firm were caught in an unapproved magazine shoot that flaunted their expensive clothes and social outings. The photos were not cleared by the company before publication. One banker was photographed in a designer suit and a luxury watch, while the other wor
ZeroHash, a company that builds tools for stablecoins, has filed with the Office of the Comptroller of the Currency to become a national trust bank. This type of charter lets it offer special digital‑asset services without running a traditional retail banking business. The firm wants to provide cus
Citigroup is working on a new service that will let investors keep bitcoin in the same kind of secure account they use for stocks and bonds. The idea is to make the digital currency feel as safe and easy to manage as any other asset. The bank’s chief of digital‑asset custody said the new offering w
The U. S. Treasury has decided to send a senior official to Switzerland next week. The goal is to strengthen cooperation against illegal money flows. The trip comes after Swiss regulators shut down a small private bank. The bank faced allegations of money‑laundering and violations of sanctions on
The new wave of financial firms is turning to a shortcut called Crypto‑as‑a‑Service (CaaS). Instead of building their own exchanges, they keep the customer touch while outsourcing wallets, custody, and transaction tools to a specialist. This lets them focus on compliance, fraud prevention, and smoot
In Pennsylvania, many people of color still find it hard to get fair banking help. The state has tried programs that look promising, like a low‑interest loan plan during COVID. Out of 761 loans approved, only 41 went to minority‑owned businesses – a tiny share. A later grant of $200 million
A crypto company has earned a conditional green light from the federal banking regulator to operate as a national trust bank. The approval lets it hold digital assets, manage staking and settle trades under federal oversight. Crypto. com’s new charter, called Foris Dax National Trust Bank, could bec
The crypto world and traditional banks are at odds over stablecoin yields. But a White House adviser says this doesn't have to be a zero-sum game. Patrick Witt thinks both sides can find common ground. Stablecoins are digital currencies pegged to traditional assets like the US dollar. Crypto compan
The U. S. Senate is stuck in a debate about stablecoins. Crypto groups and big banks can't agree on whether users should get rewards for holding stablecoins. The crypto side says yes, while the banks say no. The banks think rewards could hurt traditional banking. They even wrote a paper saying so. T
