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Source: Financial Digest (financialdigest.net)
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Financial pressure building on several fronts for Canadians as Bank of Canada decision looms, poll findsMore Canadians are likely to declare bankruptcy and saving for retirement has been pushed firmly to the back burner. Find out more.
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Bank of America fined $250 million for 'junk fees' and opening fake accountsThe Consumer Financial Protection Bureau announced Tuesday that Bank of America faces some major financial penalties over accusations the bank illegally opened bank accounts and improperly charged junk fees.
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BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministersThe Bank for International Settlements Innovation Hub has released reports on cryptocurrency and central bank digital currency for use by the G20 finance ministers’ and central bank governors’ meetings. The crypto report repeats familiar problems, such as most crypto trading’s concentration, stablecoins’ volatility and smart contracts’ alleged unchangeability. It also raises less-talked-about issues, such as DeFi’s inevitable centralization due to oracle reliance.
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Megabank profits on tap after eventful Q2 of bank failures and climbing interest ratesJPMorgan Chase, Wells Fargo, and Citi kick off bank earnings updates Friday after a choppy quarter of the bank blow-ups, Fed stress tests and weak stock prices.
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Andrew Ahn to Receive Outfest Achievement Award (EXCLUSIVE) – Film News in BriefOutfest, the non-profit focusing on aiding the LGBTQ community within entertainment, announced it will present Andrew Ahn with its Outfest Achievement Award at the 41st summer festival’s open…
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