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Tag: banking

Posted on 06/05/2025

U.S. Crypto Market Structure Bill Unveiled by House Lawmakers

As a successor to the so-called FIT21 bill in the last session, the committee chairs in the House have released a discussion draft of a market structure bill.

Posted on 06/05/2025

Trump once scoffed at crypto. Now as President, he’s making millions on it.

CNN’s Anderson Cooper examines how President Donald Trump and his family are boosting their wealth via crypto despite potential conflicts of interest.

Posted on 06/05/2025

Crypto surges Trump’s wealth as consumer confidence hits post-pandemic low

While a growing number of Americans remain concerned over the state of the economy, President Donald Trump's net worth has seen a massive increase.

Posted on 06/05/2025

SMBC in talks to buy stake in India’s Yes Bank, Economic Times reports

Japan's Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to buy a stake in India's Yes Bank, the Economic Times reported on Tuesday, citing people aware of the matter. The move could ...

Posted on 06/05/2025

Yes Bank share price skyrockets 10% after reports of acquisition by Japan’s SMBC

Japan’s Sumitomo Mitsui Banking Corp. (SMBC) has secured approval from the Reserve Bank of India (RBI) to acquire 51% in Yes Bank, Mint reported.

Posted on 06/05/2025

Japan’s SMBC in talks with SBI for Yes Bank stake acquisition

Japan’s financial conglomerate Sumitomo Mitsui Banking Corporation (SMBC) is back in the fray to acquire controlling stake in Yes Bank. Highly placed sources aware of the deal talks say the State Bank ...

Posted on 06/05/2025

Is Yes Bank getting a Japanese lifeline? Sumitomo Mitsui reportedly eyes majority stake

Yes Bank is in the spotlight today as reports suggested that Japanese giant Sumitomo Mitsui Banking Corp. (SMBC) is inching closer to buying a stake in the private lender. The talks, which have been ...

Posted on 06/05/2025

YES Bank shares: Japan’s SMBC may buy significant stake, open offer to follow, says report

YES Bank shares are down 26 per cent in the past one year and 34 per cent in the past five years. SBI, which owned a 24 per cent stake in the bank, could be among the sellers, the report said.

Posted on 06/05/2025

Key Crypto Bill Imperiled By Trump Crypto Firm’s Deal With Emirati State-Owned Fund

The crypto industry advocated for the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act to establish a regulatory framework for stablecoins, which are often tethered to the ...

Posted on 06/05/2025

Japan struggles to address burial needs of growing Muslim population

TOKYO -- As Japan's Muslim population soars on the back of government efforts to bring in more foreign workers, a severe shortage of suitable cemeteries is preventing many from burying their dead in ...

Posted on 06/05/2025

Japan’s Kato backtracks on US treasuries talk

TOKYO: Japan's Finance Minister Katsunobu Kato says the country won't use the sale of its US Treasury holdings in trade talks with Washington, clarifying his previous remarks that suggested they could ...

Posted on 06/05/2025

Trump Raising Millions at Crypto Events Prompts Ethics Concerns

Donald Trump is set to raise millions of dollars from the crypto industry this month, but the events have set off alarms for ethics experts. The president was heading to his Trump National Golf Club ...

Posted on 06/05/2025

Corporate Treasuries Will Add $330 Billion in Bitcoin by 2029: Bernstein

Companies and plug over $330 billion into Bitcoin in five years, analysts at Bernstein have said in a research note.

Posted on 06/05/2025

Trump set to raise millions from crypto and meme coin this month

President Donald Trump has two crypto-focused dinners on the calendar this month — one aimed at deep-pocketed political donors, the other at meme coin millionaires.

Posted on 06/05/2025

Trump set to raise millions from crypto and memecoin this month

The “Crypto & AI Innovators Dinner” is $1.5 million per plate and features President Donald Trump and VC David Sacks. The May 22 gala at Trump National requires $TRUMP memecoin token ownership to ...

Posted on 06/05/2025

Trump has a shocking response to profiting from crypto

In an interview with Kristen Welker on NBC’s Meet the Press aired May 4, Donald Trump responded to criticism that he’s enriching himself via crypto ventures while in office. “I’m not profiting from ...

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