Beyond settlement: LSEG’s Dish eyes funding boom
Stablecoin-sceptic, blockchain-agnostic service touts new world of intraday repo and FX
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In the CAMELS system, the problem is measurement, not management
Key insight: CAMELS does not need less management, it needs better measurement. What’s at stake: A common evidentiary basis by which to assess management would empower firms as well as supervisors. Forward look: The FFIEC should preserve the management rating as an early warning signal and foster a public-private dialogue aimed at establishing a common…
Big banks left mortgages. Why some community banks stayed
Key takeaway: Executives at two community banks said the mortgage business provides an opportunity to introduce customers to other bank products and services. Expert quote: “We’ve always felt like if we get a customer’s mortgage, it increases our opportunity and probability to be that customer’s bank.” —Jim Edwards, United Bank CEO What’s at stake: Changes…
Read the Memo Skydance Product Chief Sent After Paramount-WBD Merger
The product chief at the newly dubbed Skydance is ready to get the ball rolling — and encouraging employees to do the same — on the heels of Paramount Skydance’s merger with Warner Bros. Discovery. “The leaders who will have the greatest impact here are the ones with a bias for action under ambiguity. They…
3 Days After Introducing an AI Feature, Meta Hits Pause in Wake of Privacy Backlash
Muse Image allowed users to create AI-generated images from photos posted on Instagram—without permission. ‘We missed the mark,” Meta admits.
IRS warns of tribal tax credit scams
The Internal Revenue Service issued a warning Friday to taxpayers, tribal communities, businesses and tax professionals about promoters selling fraudulent “Tribal Tax Credits” that don’t actually exist under federal law. Processing Content The scammers are falsely claiming the credits can reduce federal tax liabilities or generate refunds. The fake tax credits are being touted as…
