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New Gemini Credit Card with Crypto Rewards

Gemini Credit Card

Gemini, a crypto exchange and custodian, today announced that it will launch the Gemini Credit Card, a credit card with cryptocurrency rewards.

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OCC Fines Former Wells Fargo General Counsel $3.5 Million in Settlement

OCC Office of the Comptroller of the Currency Strother

The Office of the Comptroller of the Currency (OCC) today announced it has assessed a $3.5 million penalty against James Strother for his role in Wells Fargo Bank, N.A.'s systemic sales practices misconduct.

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Reserve Bank of New Zealand committed to action as it responds to data breach

Adrian Orr

The Governor of the Reserve Bank of New Zealand, Adrian Orr, says the recent malicious and illegal breach of a file sharing application used by the Bank is significant, and has our full attention.

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Brian P. Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the Currency on Jan 14, 2021

Blake Paulson

Acting Comptroller of the Currency Brian P. Brooks today announced he will step down on January 14, 2021, and pursuant to 12 USC 4, Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency.

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ECB digital euro consultation ends with a record level of public feedback

ECB European Central Bank digital euro

Over 8,000 responses received in online survey. Privacy, security and pan-European reach ranked highest in European citizens’ preferences. Detailed analysis to be published in spring, ahead of decision on project launch

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Richard H. Clarida: The Federal Reserve’s New Framework: Context and Consequences

Richard H. Clarida monetary policy

On August 27, 2020, the Federal Open Market Committee (FOMC) unanimously approved a revised Statement on Longer-Run Goals and Monetary Policy Strategy, which represents a robust evolution of its monetary policy framework

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Airbnb (ABNB) cancelling all DC reservations during Biden inauguration

Airbnb Stock Price Target

Airbnb (ABNB) is cancelling all reservations in the Washington, D.C., area during the week of Joe Biden’s inauguration

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Here is why Intel (INTC) Jumps 8% today

INTC Intel

Intel (INTC) stocks rally, adding over 8% in early trading after the announcement that CEO Bob Swan will be stepping down and replaced by VMware (VMW) CEO Pat Gelsinger.

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The final countdown: completing sterling LIBOR transition by end-2021

LIBOR

After many years of preparation, 2021 is the critical year for firms to complete their transition away from LIBOR.

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Supporting Responsible Use of AI and Equitable Outcomes in Financial Services

Governor Lael Brainard AI

Symposium on the use of artificial intelligence (AI) in financial services is part of the Federal Reserve's broader effort to understand AI's application to financial services, assess methods for managing risks arising from this technology

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