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science

Let's Talk About the Big Effects of Biobanking from the ISBER Conference

February 1, 2025

If you are wondering what are biobanks? Biological samples and data from all around-the world are collected and stored in biobanks. Researchers can unlock the secrets of human health and disease. Researchers and experts from all over the globe gathered in 2025 at an event hosted by the In

business

Leadership Change at City National Bank: What This Means For Young Budding Bankers of the Future

January 31, 2025

Big changes are coming to top positions here - A major switch in managing leadership has happened at City National Bank Two key people are stepping in to oversee entertainment banking and private wealth. Kelly did a great job leading that group. But she's stepping away for new challenges.

politics

Congress Investigates Sudden Bank Closures in Tech and Crypto

January 25, 2025

You might have heard about people and companies losing their bank accounts suddenly. This isn't just happening to regular folks, but also to big names in the tech and crypto world. Recently, the U. S. Oversight Committee, led by Representative James Comer, started looking into these cases. They're t

finance

Crypto Boost: Wall Street Banks Can Now Hold Bitcoin

January 25, 2025

For a long time, Wall Street banks stayed away from owning cryptocurrencies like Bitcoin. This was mainly due to a rule from the U. S. Securities and Exchange Commission (SEC). This rule, called "Staff Accounting Bulletin 121" or SAB 121, forced banks to treat digital assets as a liability on their

politics

Banking Watchdog Steps Down to Avoid Trump Clash

January 6, 2025

The Federal Reserve's top banking regulator, Michael Barr, is leaving his supervisory role next month. This move comes amid speculation that President-elect Donald Trump wants a more bank-friendly candidate. Barr will stay on as a Fed governor until 2026, but his resignation as the vice chair for su

business

Morgan Stanley's Climate Pivot: A Turning Point

January 3, 2025

You might have heard about Morgan Stanley's recent exit from the UN-backed Net-Zero Banking Alliance. They're not alone, with big names like Goldman Sachs and Bank of America also taking a step back. So, what's the deal? Critics are pointing fingers at conservative groups who aren't fans of environm

business

Walmart's Banking Deal for Drivers Sparks Controversy

December 24, 2024

It's been quite a stir in the world of delivery services. The Consumer Financial Protection Bureau (CFPB) has slammed Walmart and the fintech company Branch Messenger with a lawsuit. The accusation? Forcing over a million delivery drivers to use pricey deposit accounts to get their paychecks without

business

Speeding Up Truck Payments: A Look at Instant Payment Tech

December 14, 2024

In the world of trucking, getting paid quickly has always been a challenge. The freight industry often relies on factoring to ensure carriers get their money fast. But this process hasn't changed much over the years, and it still faces delays, especially over weekends and holidays. One company, Out

finance

Bank Overdraft Fees: A New Limit is Coming

December 12, 2024

Imagine having to pay $35 just for buying a $5 coffee with your debit card when you're a bit short on funds. Sounds unfair, right? Well, the Consumer Financial Protection Bureau (CFPB) thinks so too. They've just announced a new rule to limit those nasty overdraft fees. The rule says banks can't cha

finance

Bank's Handling of Prepaid Cards Draws Scrutiny

December 7, 2024

Comerica Bank is in hot water with the Consumer Financial Protection Bureau (CFPB). The bank had a deal with the U. S. Treasury to manage federal benefits on prepaid debit cards, used mainly by the elderly and disabled. But the CFPB says Comerica hasn't been treating these customers fairly. Since 20