RT BSCN (@BSCNews)🚨 TELCOIN SECURES CRITICAL APPROVAL - @telcoin's banking plans have seen approval in Nebraksa... A massive milestone for the platform https://t.co/3CyAfRmszU ...

Compliance & Risk Management - HSBC's French branch closed Jeffrey Epstein's bank account in 2007 due to suspicious activity flagged by compliance officers [1] - The suspicious activity included payments tied to a modeling agent later accused of rape & sex trafficking [1] - This account closure is the only known instance of a major bank closing one of Epstein's accounts before his 2008 guilty plea [1] Legal & Ethical Implications - The closure occurred before Epstein pleaded guilty to sex offenses in Florida in 2008 [1] Timeline - HSBC officials notified Epstein of the account closure in a letter dated December 21, 2007 [1]

Leadership Change - CBB Bancorp, Inc. announced the appointment of Seungho Park as President and CEO, effective November 21, 2025, replacing Richard Koh [1][3] - Seungho Park has over 29 years of experience in the financial industry, previously serving as Executive Vice President and Chief Commercial Banking Officer at CBB Bank [2] Company Overview - CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, which specializes in small-to-medium-sized businesses and operates under the name "CBB Bank" [4] - The Bank has twelve full-service branches across Los Angeles, Orange, and Dallas Counties, as well as locations in Honolulu, Hawaii, and Fort Lee, New Jersey [4] Financial Performance - CBB Bancorp reported a net income of $4.5 million for the third quarter of 2025, or $0.43 per diluted share, an increase from $4.4 million or $0.41 per diluted share in the second quarter of 2025 [7] - The net interest margin expanded to 3.49% in the third quarter of 2025, compared to 3.40% in the previous quarter [7] Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable on November 21, 2025, to stockholders of record as of November 7, 2025 [6]

Deutsche Bank is mounting a return to the top table of precious metals trading a decade after it all but abandoned the business, notching up significant trading profits and applying to rejoin the inner circle of banks that play a central role in the market https://t.co/tYqd3WpxYU ...

RT BSCN (@BSCNews)🚨 TELCOIN SECURES CRITICAL APPROVAL - @telcoin's banking plans have seen approval in Nebraksa... A massive milestone for the platform https://t.co/3CyAfRmszU ...

Group 1 - The monetary policy is focused on balancing downside risks to maximum employment and upside risks to price stability, with increased downside risks to employment as the labor market cools [1] - The Federal Open Market Committee (FOMC) has reduced the target range for the federal funds rate by 25 basis points in its last two meetings to restore inflation to a sustained 2% goal [2] - The current monetary policy is viewed as modestly restrictive, with potential for further adjustments to align the policy stance closer to neutral, maintaining a balance between employment and price stability goals [3] Group 2 - Future policy decisions will be based on the evolution of data, economic outlook, and the balance of risks related to maximum employment and price stability [4]

Core Viewpoint - The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Western Alliance Bancorporation regarding possible breaches of fiduciary duties to shareholders [1][2]. Group 1: Investigation Details - The investigation focuses on whether the board of directors grossly mismanaged the company and breached its fiduciary duties to shareholders [2][3]. - Shareholders who purchased Western Alliance shares before October 2025 are encouraged to participate in the investigation [3]. Group 2: Contact Information - Interested shareholders can contact Frank R. Cruz at The Law Offices of Frank R. Cruz for inquiries regarding their rights and interests [3]. - Contact details include a phone number (310-914-5007) and an email address (info@frankcruzlaw.com) [3].

Group 1: Federal Reserve and Market Reactions - New York Federal Reserve President John Williams indicated potential for a rate cut in December, suggesting the central bank may adjust its policy stance due to a softening labor market [9][10][12] - The S&P 500 experienced a significant intraday reversal, dropping 1.6% after an initial rise of 1.4%, now down approximately 5% from October highs [2][6] - Other Federal Reserve officials expressed mixed views on rate cuts, with some showing caution while others, like Williams and Jefferson, appeared more open to the idea [11][13] Group 2: Cryptocurrency Market - Bitcoin faced a severe sell-off, with $1 billion liquidated in just one hour, marking its worst month since the 2022 crypto collapse [3][4] - Bitcoin's price has dropped over 30% since reaching record highs in early October, currently trading below $85,000 [4][38] - Concerns arise regarding potential forced selling from companies heavily invested in Bitcoin, such as Strategy, which owns over 3% of all Bitcoin [37][38] Group 3: Retail Sector Performance - Retail earnings reports highlighted a focus on "value," with companies like Walmart, Ross, and TJX performing well by catering to diverse income demographics [25][26][28] - Gap Inc. reported better-than-expected results, particularly from its Old Navy and Gap brands, indicating strong consumer response to their marketing strategies [30][32] - The retail sector is characterized by a K-shaped recovery, where high-income earners are spending while low-income consumers seek value [28][29] Group 4: Warner Brothers Discovery Bids - Paramount, Comcast, and Netflix have submitted nonbinding bids for Warner Brothers Discovery, with Paramount seeking to acquire the entire company [5][34] - The bidding process is expected to continue with additional rounds, as Warner Brothers evaluates strategic options following interest from multiple suitors [34][35] Group 5: Foxconn and AI Partnership - Foxconn announced a partnership with OpenAI, planning to invest between $1 billion to $5 billion to expand its manufacturing footprint in the U.S. [36] - The collaboration aims to address challenges in establishing AI data centers, with Foxconn being a major player in contract electronics manufacturing [36]

New York Fed President John Williams said Friday there is room for “further adjustment in the near term” to interest rates – sparking traders to step up their bets on a quarter-point cut at the Fed’s December meeting.Williams argued labor market weakness still poses a bigger threat than inflation, leaving the door open for a quarter-point cut, even as analysts were split on next month’s decision following mixed jobs data.“I view monetary policy as being modestly restrictive, although somewhat less so than b ...

Core Argument - The loophole in the GENIUS Act poses a significant threat to financial inclusion by allowing stablecoin issuers to operate without the same regulations as traditional banks, potentially draining resources from underserved communities [1][2][3]. Group 1: Impact on Underserved Communities - Underserved communities have historically faced barriers to credit and opportunity, and the current loophole in the GENIUS Act could exacerbate these issues by diverting essential credit away from these areas [3][9]. - The potential migration of $6.6 trillion from insured bank deposits to stablecoins could lead to fewer mortgages for first-time homebuyers and minority-owned businesses, as well as increased borrowing costs in vulnerable communities [9][12]. Group 2: Regulatory Concerns - Stablecoin issuers are attempting to replicate traditional banking functions without adhering to the necessary regulations that ensure financial stability, such as capital requirements and deposit insurance [4][10]. - The workaround that allows cryptocurrency companies to offer rewards structured as interest-bearing accounts undermines the intent of the GENIUS Act and poses risks to the financial system [5][11]. Group 3: Call to Action - Congress has the opportunity to prevent a financial crisis by closing the stablecoin loophole, ensuring that entities acting like banks are subject to the same regulations [10][12]. - The ongoing existence of this loophole increases systemic risk and threatens to deepen the financial struggles of already marginalized communities [12][13].