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CENTRAL BANKING
OCC: National Banks Can Accept, Process Stablecoin Payments
The OCC has allowed national banks to participate in independent node verification networks and use…
SoFi Merges with Social Capital Hedosophia to Form a…
SoFi, the online lender, has merged with SPAC Social Capital Hedosophia to pave the path for the fintech to go…
U.S. Construction Spending Increases by 0.9% in November
U.S. spending on construction projects increased by 0.9% to $1.459 trillion in November, the highest level…
LendingClubs Acquires Radius Bank – The Buttonwood Tree
The Office of the Comptroller of the Currency (OCC) approved LendingClub’s acquisition of Radius Bank. The…
U.S. Treasury Updates Software After Data Breach
SolarWinds released a new software update after suffering cyber breaches from foreign hackers. The Texas-based…
U.K. and EU Reach Post-Brexit Trade Agreement
London and Brussels announced a completed Brexit trade deal on Dec. 24, according to British Prime Minister…
N.Y Fed Survey: Credit Access and Demand Plunged in 2020
The Federal Reserve Bank of New York's Center for Microeconomic Data released results on Dec. 21 from its…
ECB Expands Bond Buying Amidst Coronavirus Resurgence
The European Central Bank (ECB) expanded its monetary stimulus program in December by an additional 500…
Fed Extends Main Street Lending Program
The Federal Reserve announced it has extended the Main Street Lending Program until Jan. 8. It was scheduled…
Brazil Imposes 20% Tariff on U.S. Ethanol Imports
Future U.S. ethanol exports to Brazil will face levies of 20 percent due to the expiration of a tariff-rate…