A rapid increase over the past decade in the amount of loans taken out by corporations with poor credit ratings could come back to haunt U.S. banks, Comptroller of the Currency Joseph Otting warns.
Tradewind, which uses a blockchain-based platform to allow investors to buy gold and keep it at the Royal Canadian Mint, hires a former JPMorgan Chase executive as its new CEO.
President Donald Trump's administration predicted 3% annual economic growth when he pushed for the $1.5 trillion of tax cuts in late 2017. Despite recent bouts of pessimism and market gloom, the president's economy is holding its own.
Investors aren't waiting for a rebound in bitcoin prices to invest in fast-growing cryptocurrency markets. But guess who's getting left behind: Big Wall Street firms that currently dominate trading in stocks, bonds, foreign exchange and commodities.
Bitcoin-trading companies aren't waiting for a rebound in prices for the cryptocurrency to set up shop. They're applying at a rapid pace for regulatory approval from New York State officials - with a new license just announced for London-based Bitstamp.
