BANKING REGULATION
Banks Push Back on White House Stablecoin Yield Report
American Bankers Association challenges White House findings on stablecoin yields, warning of deposit flight from community banks if yield payments allowed.
Circle's Arc Network Targets Banks With Basel-Friendly USDC Rails
Circle launches Arc, a permissioned validator network designed to help banks achieve favorable capital treatment for USDC holdings under Basel standards.
Hong Kong Banks Extend Loan Relief for Tai Po Fire Victims Through November 2026
HKMA and 28 retail banks announce extended mortgage grace periods and new housing assistance measures for Wang Fuk Court residents displaced by deadly November 2025 fire.
Trump Taps Current FDIC Head for Official Chairman Position
Hill's confirmation would cement pro-cryptocurrency policies at the federal banking watchdog amid ongoing regulatory shifts.
Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank
The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts.