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Société Générale Expands Euro Stablecoin to XRP Ledger: What a $1.8 Trillion Bank’s Multi-Chain Strategy Means for Ripple
Yahoo Finance· 2026-02-21 14:32
SG-FORGE CEO Jean-Marc Stenger framed the expansion as part of a broader multi-chain strategy: "The successful launch of EUR CoinVertible on the XRP Ledger constitutes a new step that reinforces our commitment to offering next-generation compliant crypto-assets, promoting transparency, security and scalability."The XRPL launch follows a SWIFT pilot conducted earlier in 2026, where EURCV was tested for the exchange and settlement of tokenized bonds alongside major banks including BNP Paribas and Intesa Sanpa ...
Berkshire was a net seller of stocks in Buffett's final quarter as CEO
CNBC· 2026-02-21 14:32
Core Insights - Berkshire Hathaway was a net seller of stocks in Warren Buffett's final quarter as CEO, significantly reducing its holdings in Apple, American Express, and Bank of America [1][2][3] Stock Sales - Berkshire has sold Apple shares for three consecutive quarters, reducing its stake by over 75% since summer 2023, although it remains the largest equity stake valued at $60.3 billion [1][2] - The sales of Apple have allowed American Express to close the gap in value from nearly $150 billion to just under $8 billion [2] - Berkshire's stake in Amazon.com decreased from $2.2 billion to $478 million after selling 7.7 million shares, marking a 77% reduction [3] Stock Purchases - Berkshire increased its stake in Chevron by 6.6% during the fourth quarter, adding $1.2 billion to its position, which is now valued at almost $24 billion, up from $19.8 billion [5][6] - Chubb was the second-largest buy in the quarter, with a 9.3% increase adding approximately $910 million to its value [6] - A small stake in The New York Times Company was added, valued at $395 million, which increased by 12.4% due to a rise in the newspaper's share price [8][11][12] Utility Operations - Berkshire's PacifiCorp agreed to pay $575 million to resolve federal wildfire claims, settling nearly 90% of known claims for over $2.2 billion [14][15] - The utility is also selling $1.9 billion in assets to improve financial stability amid over $50 billion in potential liabilities from private claims related to wildfires [16]
Stop Waiting for Lower Mortgage Rates: The ‘New Normal’ of 6% Explained
Yahoo Finance· 2026-02-21 14:00
Core Insights - The number of American homeowners with mortgage rates above 6% has surpassed those with rates below 3%, indicating a significant shift in the mortgage landscape [1] - Current economic conditions, including inflation and labor market strength, are influencing the persistence of high mortgage rates, with expectations that they will remain around 6% for the foreseeable future [4][6] Group 1: Mortgage Rate Trends - In Q3 2025, 21.2% of outstanding mortgages had rates of 6% or higher, while 20% had rates below 3%, marking a notable change in the mortgage rate distribution [1] - Mortgage rates have been above 6% since September 2022, despite a slight decrease from a peak of 7.04% in January 2025 [1] Group 2: Economic Influences - Economic conditions, including inflation and long-term bond yields, have led to a new standard of mortgage rates around 6%, reflecting the current economic environment [4][5] - Experts suggest that the Federal Reserve is unlikely to lower interest rates significantly due to the need to combat inflation, which could lead to overheating in the market [5][6] Group 3: Historical Context - Historically, mortgage rates in the 6% range are considered normal, and the ultra-low rates experienced during the pandemic were not sustainable [7] - Most experts do not anticipate meaningful declines in mortgage rates in the near future, even if slight reductions occur in 2026 [7]
X @Bloomberg
Bloomberg· 2026-02-21 13:26
Banca Monte dei Paschi di Siena has approved a preliminary list of candidates for a new board of directors, according to people familiar with the matter https://t.co/FjhBFrH1XS ...
多家银行密集出手,盯上孩子“压岁钱”
Xin Lang Cai Jing· 2026-02-21 13:08
浙江嘉兴平湖农商行在宣传文案中表示,别让压岁钱只躺在红包里"睡大觉",给孩子一本专属儿童存 折,不仅存下财富,更存下成长的独家记忆。 从产品形态看,当前银行对压岁钱的布局主要集中在三类:一是以未成年人名义开立的专属储蓄或卡片 账户,通常具备较低起存门槛,并附带卡面定制、成长记录等功能;二是围绕压岁钱推出的中短期限定 期存款或特色存单,部分银行在合规框架内给予阶段性利率上浮或积分、权益激励;三是与家长账户绑 定的"代管式"资金管理方案,将压岁钱统一纳入家庭资产配置视角,提供定投、教育金规划等服务选 项。 春节期间,儿童压岁钱的去向再次成为银行争夺业务的切入点。多家商业银行近段时间密集推出以"压 岁钱""儿童账户""成长金库"为关键词的金融产品与服务方案,通过专属储蓄账户、定期存款、自动理 财配置等方式,试图将春节期间集中流入的压岁钱资金转化为长期客户资产。 可见的是,压岁钱金额往往单笔并不高,但却具有集中流入、留存周期长、家庭决策黏性强等特点,对 银行而言既是低成本负债来源,也是获取年轻家庭客户的重要入口。通过儿童账户建立账户关系后,后 续在教育金、保险、消费金融等领域的交叉销售空间相对更大。 有银行推出的"儿 ...
上海融资租赁资产流转中心线上服务平台近日在临港启动
Xin Lang Cai Jing· 2026-02-21 12:48
上海融资租赁资产流转中心线上服务平台近日在临港新片区正式启动。据记者了解,该平台由临港新片 区管委会与上海交易集团共建。融资租赁作为支撑产业升级和赋能科技创新的重要业态,也是临港新片 区金融开放及制度创新的重要抓手。启动仪式上,浦银金租、海通恒信、长江联合金租、申能租赁、工 商银行、农业银行、中国银行、建设银行、交通银行、浦发银行、渤海银行、华夏银行、上海银行、上 海农商行等一批重点项目完成签约。为进一步深化协同合作、完善平台功能,临港新片区管委会当天还 与上海交易集团签署战略合作协议。 (智通财经) ...
单笔金额不高的压岁钱,银行为何纷纷开“抢”?
Xin Lang Cai Jing· 2026-02-21 11:53
春节期间,儿童压岁钱的去向再次成为银行争夺业务的切入点。多家商业银行近段时间密集推出以"压 岁钱""儿童账户""成长金库"为关键词的金融产品与服务方案,通过专属储蓄账户、定期存款、自动理 财配置等方式,试图将春节期间集中流入的压岁钱资金转化为长期客户资产。 在存款利率方面,招商银行"金小葵管家服务"中的一年期存款年化利率为1.3%,两年期存款利率为 1.4%,均较高于普通存款利率。北京农商行的阳光宝贝卡专属储蓄产品,起存金额为1000元,1年期、 2年期和3年期年利率分别为1.5%、1.6%、1.75%,而同期限定期存款挂牌利率分别为1.15%、1.2%、 1.3%。浙江嘉兴平湖农商行的"儿童存折"专属存款起存金额为1万元,1年期和3年期年利率分别为 1.5%、1.65%。 近年来,未成年人金融服务市场持续扩容。建设银行在去年5月曾发文称,"让孩子拥有自己的银行卡, 珍惜每一分钱,培养储蓄意识。"随着居民收入水平提高以及家庭理财意识增强,儿童名下的存款规模 和管理需求逐步上升。春节节点的压岁钱,则成为相关业务集中营销的重要时间窗口。 河南农商银行台前支行在正月初四至正月十五期间推出"压岁钱增值计划",虽未明确 ...
Nicolet Bankshares, Inc. (NIC) Completes its Merger with MidWestOne Financial Group
Yahoo Finance· 2026-02-21 11:32
Nicolet Bankshares, Inc. (NYSE:NIC) is among the 11 Best All-Time High Stocks to Buy According to Wall Street. On February 17, 2026, Nicolet Bankshares, Inc. (NYSE:NIC) completed its merger with MidWestOne Financial Group, with MidWestOne merging into Nicolet as the surviving corporation. MidWestOne Bank will operate as a division of Nicolet National Bank until a planned system conversion in August, after which more than 50 MidWestOne locations will transition to the Nicolet brand and digital banking plat ...
Best high-yield savings interest rates today, February 21, 2026 (Earn up to 4% APY)
Yahoo Finance· 2026-02-21 11:00
Overview of Savings Interest Rates - The national average savings account rate is currently 0.39%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY [2] Comparison of Savings Account Earnings - A $1,000 deposit at the average interest rate of 0.39% would yield a total of $1,003.91 after one year, resulting in $3.91 in interest [4] - In contrast, a high-yield savings account with a 4% APY would grow the same $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount on Earnings - Depositing $10,000 in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, yielding $408.08 in interest [5]
Best CD rates today, February 21, 2026 (best account provides 4% APY)
Yahoo Finance· 2026-02-21 11:00
Find out how much you could earn by locking in a high CD rate today. The Federal Reserve cut its federal funds rate three times in 2025, so now could be your last chance to lock in a competitive CD rate before rates fall further. CD rates vary widely across financial institutions, so it’s important to ensure you’re getting the best rate possible when shopping around for a CD. The following is a breakdown of CD rates today and where to find the best offers. Overview of CD rates today Generally, the best ...