J.P. Morgan to launch a U.S. dollar-backed cryptocurrency

JPM Coin, the first of its kind from a major bank, will initially be used to transfer funds over a blockchain network internally and between internationally between institutional clients.

US long-term mortgage rates down; 30-year average at 4.14%

U.S. long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season.

Mastercard taps into buy-now, pay-later trend with acquisition of Vyze

Mastercard Inc. is wading into the buy-now, pay-later movement as consumers adopt a more nuanced view of credit purchases.

Colorado Issues Cease And Desist Order To 4 Crypto Startups Over...

The Colorado Securities watchdog issued cease and desist orders to four cryptocurrency startups asking them to stop promoting unregistered securities to residents of the state.

Bryce Harper: 4 Exciting Trades That Don’t Really Make Sense

Bryce Harper is the next big catch for any MLB team. But where will he go?

Principal to acquire Wells Fargo Institutional Retirement & Trust business |...

Principal to acquire Wells Fargo Institutional Retirement & Trust business

Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege

New York's Attorney General has obtained a court order against crypto exchange Bitfinex's operator iFinex as well as stablecoin company Tether.

Venezuelan Government takes US to World Trade Organization over sanctions on...

Venezuelan government has reported the sanctions against it by the US government to the World Trade Organization, including ones imposed against its controversial cryptocurrency efforts. While describing the sanctions leveled against the country as biased, the country said the US is infringing on Venezuela’s rights under the General Agreement on Tariffs and Trade (GATT) signed...

Sterling Bancorp Enters Definitive Agreement to Acquire $504 Million in Commercial...

Source: globenewswire.com Sterling Bancorp signed a definitive agreement to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank in an all-cash transaction....

UniCredit To Pay $1.3 Bln To Settle U.S. Sanctions Investigation

Italian lender UniCredit SpA (UCG, UNCFF.PK) announced that the company and its subsidiaries, UniCredit Bank AG or UCB and UniCredit Bank Austria AG or UCBA have agreed to pay penalties totaling approximately $1.