Tag: US Fed

The U.S. Federal Reserve has reversed its earlier cautious stance toward digital assets, removing key regulatory hurdles that previously restricted banks from engaging in cryptocurrency and stablecoin-related activities. In a press release on April 24, the central bank announced that state-chartered member banks are no longer required to provide advance ...

Several regional banks in the United States saw a significant decline in their stock values during after-hours trading on May 4, 2023. PacWest Bancorp, in particular, suffered a 52.5% drop, and this has led the bank to consider some strategic options.  According to Bloomberg, PacWest Bancorp is exploring options such ...