David Hollerith

4 days ago | yahoo.com | David Hollerith

US regulators this week are expected to weigh one of the most dramatic rollbacks of bank capital rules since the 2008 financial crisis, which would give a major victory to lenders seeking relief from the new Trump administration. The change that the Federal Reserve will consider on Wednesday would affect the so-called enhanced supplementary leverage ratio (eSLR), a rule that calls for the largest US banks to hold additional minimum capital based solely on their size.

1 week ago | aol.com | David Hollerith

It was another dream week for the crypto world. Here's what happened. A few days back, the Senate passed a bill that would establish a federal framework for dollar-backed cryptocurrencies known as stablecoins. While this bill, known as the GENIUS Act, still needs approval from the House and President Trump, its swift progress has already been lauded by the crypto industry as a major step toward opening the doors for stablecoins to be used more widely in traditional financial services.

1 week ago | aol.com | David Hollerith

Wall Street's hopes that 2025 would be a banner year were abruptly cut short after the deals market froze up in April. But as the first half of the year winds down, the mergers and acquisitions market looks not as bad as investors feared. Bankers can thank AI for that. Corporations and private equity firms aren't letting up on their push to capture the artificial intelligence wave, and it's not expected to slow down.

1 week ago | aol.com | David Hollerith

The Senate is preparing for a final vote Tuesday on a bill that would establish the first federal framework for dollar-backed cryptocurrencies known as stablecoins, a major victory for an industry that has pushed for more favorable oversight in Washington, D.C.Though passage of the GENIUS Act in the upper chamber won’t yet make the new legislation law — it still needs approval from the House and President Trump — the crypto world is already lauding the bill’s swift progress as a major step.

2 weeks ago | aol.com | David Hollerith

BlackRock (BLK) CEO Larry Fink said Thursday that he is not planning to leave the company "anytime soon," offering no new clarity on who may ultimately succeed him as boss of the world's largest money manager. For some time, investors have wondered when the 72-year-old Fink is going to step down. He co-founded the firm in 1988 and built it into a financial giant that now manages more than $11 trillion. Some potential successors have exited the firm recently, raising more questions about succession.