Digital financial assets articles
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Fulton Financial jumps after buying failed Republic First Bank's deposits, assets
Regional banks have been struggling to retain deposits as customers seek the safety of larger 'too-big-to-fail' rivals, while higher interest rates have also diminished the value of their loan books due to increased unrealized losses. Republic Bank's troubles included low liquidity, not filing annual reports detailing year-end financials with the U.S. SEC and being targeted by multiple activist investors since 2021. The beleaguered lender, which had about $6 billion and $4 billion in total...
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Stablecoins Gain Ground as Global Financial Asset – News Bytes Bitcoin News
According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in the U.S., such as the Lummis-Gillibrand Payment Stablecoin Act, aim to […]
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Todd Asset Management LLC Sells 1,320 Shares of Ameriprise Financial, Inc. (NYSE:AMP)
Todd Asset Management LLC reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,423 shares of the financial services provider’s stock after selling 1,320 shares during the period. Ameriprise Financial comprises […]