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NY Fed Publishes Positive Results From Cross-Border Payments Study With Singapore
Friday, May 19, 2023 - 1:56pm | 412Read More...The New York Federal Reserve published results from a joint study conducted with the Monetary Authority of Singapore (MAS). Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows. The research...
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Mastercard, Citi, Wells Fargo And Others Join New York Fed On Digital Dollar Pilot
Tuesday, November 15, 2022 - 4:28pm | 426Read More...Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments. Along with payments major Mastercard (NYSE: MA),...
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11 Key Economic Events In Q2 Investors Should Pay Attention To
Monday, May 1, 2017 - 3:18pm | 1264Read More...The U.S. economy, which was stuttering with a "fits-and-starts" recovery following the Great Recession of 2007–2008, has now reached a state of steady, stable growth, with the pace of growth centering around a new normal rate that is lower than its historical norm. Economic Health: Far From...
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Will The Coming Subprime Auto Loan Calamity Affect Tesla?
Thursday, April 13, 2017 - 1:32pm | 1264Read More...The deterioration in U.S. auto credit is expected to continue in 2017, Fitch Ratings said in a report released in early April. Specifically, the firm sees auto asset-backed securities portfolios at risk. With subprime loan saga rearing its ugly head once again, auto lenders, as well as automakers...
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New York Fed Creates Cybersecurity Team
Wednesday, March 25, 2015 - 10:21am | 381Read More...Bloomberg Business on Tuesday reported that the Federal Reserve Bank of New York has created a new team dedicated towards cybersecurity threats. The team will be led by Roy Thetford, the bank's former information security officer. He will be working with an examination team to establish a...
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Toxic AIG Assets? Someone Wants Them
Thursday, January 19, 2012 - 4:39pm | 253Read More...In what may come as a surprise to some, there's still a market for toxic assets from the financial crisis and that much was made clear today when the New York Federal Reserve, former stomping grounds of Treasury Secretary Timothy Geithner, sold $7 billion worth of old American International Group (...
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Is Jon Corzine Done on Wall Street?
Monday, October 31, 2011 - 11:21am | 473Read More...MF Global (NYSE: MF) has officially filed for bankruptcy, but the commodity brokerage and primary dealer has not only lost customers - it may lose any shred of credibility for its CEO, Jon Corzine. This morning, the New York Federal Reserve suspended MF's role as a primary dealer, and traders were...
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If You Can't Beat 'Em, You Can't Eat 'Em
Thursday, August 18, 2011 - 3:01pm | 161Read More...Tech Crunch has a report out that Samsung has decided since it can not beat Apple (NASDAQ: AAPL) at the tablet game, it might as well give them away for free. The South Korean electronics manufacturer is teaming up with Best Buy (NYSE: BBY) to give away Samsung Galaxy Tab 10.1 tablets if you buy a...
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Fed Buys $427 Million During POMO
Monday, August 8, 2011 - 11:18am | 80Read More...The New York Federal Reserve purchased $427 million in U.S. Treasury Inflation Protected Securities (TIPS) debt during its permanent open market operations (POMO) today. Dealers submitted $4.898 billion worth of debt, with the government receiving almost five bids for every one it accepted, which...
