David Hollerith
Senior Reporter at Yahoo Finance
Banking, finance and crypto coverage for @YahooFinance
Articles
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6 days ago |
ca.finance.yahoo.com | David Hollerith
Bonuses across almost all of Wall Street are on pace to be lower this year, a wild reversal compared to six months ago, when firms were more optimistic about bigger payouts in 2025. Most Wall Street workers are expected to see some decline in compensation, but IPO bankers are estimated to see their bonuses fall the most — as much as 20% from last year — according to compensation consulting firm Johnson Associates.
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1 week ago |
finance.yahoo.com | David Hollerith
Coinbase Global (COIN) has reached an agreement to acquire crypto options platform Deribit for $2.9 billion, one of the most significant deals ever for the cryptocurrency industry. The deal marks another milestone for Coinbase, the largest cryptocurrency exchange in the US, after missing out for years on the wider transaction volumes and margins that other exchanges captured from derivatives trading. Coinbase’s stock rose over 4% on the announcement.
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1 week ago |
finance.yahoo.com | David Hollerith
Online brokerage eToro was among the firms that paused IPO plans in the days following President Trump’s "Liberation Day" tariff announcement, but on Monday those plans came back off the shelf as the trading site filed plans to go public. It was one of several announcements this week that buoyed hopes that IPO and M&A dealmaking could be thawing in May after a wrenching month of uncertainty in April.
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1 week ago |
finance.yahoo.com | David Hollerith
Democrats are putting up new resistance to crypto legislation prioritized by the Trump administration as they object to the involvement of the Trump family in that industry, in addition to a host of other issues. Their resistance burst into the open this past weekend as nine Democrats, led by Sen. Ruben Gallego (Ariz.), released a public statement opposing the GOP-led Senate bill that seemed likely to deliver a major crypto win for Trump and Republicans.
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2 weeks ago |
finance.yahoo.com | David Hollerith
Wall Street banks finally got rid of the debt tied to Elon Musk’s 2022 buyout of the social media platform now known as X. Investors purchased the remaining $1.2 billion in loans on Monday from a group of big banks led by Morgan Stanley (MS) that included Bank of America (BAC) for roughly $0.98 on the dollar, according to a person familiar with the matter. The Wall Street Journal reported earlier on the banks’ final sale of the debt.
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New guidance.
OCC-regulated banks may buy and sell assets held in custody and are permitted to outsource bank-permissible crypto-asset activities, including custody and execution services. https://t.co/0ScQdgNaS6 https://t.co/J5dEkx4WUL
OCC has officially given a green light to crypto trading and custody at national banks. The regulators clarified in a letter published today that national banks and federal savings associations "may buy and sell crypto assets held in custody at a customer's direction." They
you definitely don't wanna be a suitcase banker right now, that's for sure.
