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Goldman, BNY team up to transform money market industry with digital tokens
CNBC Television· 2025-07-23 19:09
Market Trends & Industry Dynamics - Goldman Sachs and Bank of New York Mellon are collaborating on a tokenized money product aimed at transforming the $7 trillion money market industry [1] - Stable coins are gaining traction, with Citigroup, Bank of America, and JP Morgan considering issuing their own [2] - The innovation aims to bring the $7.1 trillion money market industry to the blockchain, enhancing transferability [3] Investment Opportunities & Potential Risks - The tokenized money product seeks to offer a yield, attracting institutional players like hedge funds, pensions, and corporate treasurers [3] - Corporate treasurers may prefer tokenized money for its potential to earn a yield close to 3% to 4%, compared to holding cash at 0% [6] Product Features & Benefits - The tokenized money product aims to streamline cash management by enabling the exchange of tokens, potentially cutting steps in the process [7] - The underlying asset is well-trusted and has gained approximately $2 trillion in the last two to three years [6]
KeyCorp CEO: Stablecoin has 'a lot of promise,' could be good solution for clients
CNBC Television· 2025-07-23 15:18
Chris, um obviously a lot of enthusiasm around this sort of deregulatory period on financials in general, but do you get the sense that the industry is going to feel free to uh step on the gas on fees uh when there's been some discussion in the cell side just about on where fee trajectories are right now. Yeah, I I actually think that um I think it will continue to uh accelerate and I do think the regulatory environment will be helpful not necessarily just around banking but just the opportunity uh around I ...
Kymes: Retail can be a positive for us, given the markets that we're in
CNBC Television· 2025-07-23 11:23
All right, congrats on the quarter. I want to dig into it. Uh, you expanded net interest margin by quite a few basis points.What was the driver of that. You know, the core driver of of the seven basis point increase in net interest margin, which was really strong, was a couple of things. Number one, we've got a short duration securities portfolio.So, that's repricing more quickly than most. So, we're getting those cash flows quicker. The other thing is we've had success in driving down deposit costs.And so ...
X @BBC News (World)
BBC News (World)· 2025-07-23 09:04
RT BBC Breaking News (@BBCBreaking)Two ex-bankers who were jailed for rigging interest rates get convictions quashed after 10-year court battlehttps://t.co/IyBcGlecBr ...
21Shares Partners with Societe Generale to Expand Institutional Access to Crypto ETPs in Europe
Globenewswire· 2025-07-23 07:00
Core Insights - Societe Generale has entered into a market-making agreement with 21Shares to enhance liquidity for its Bitcoin and Ethereum ETPs on key fund platforms in Germany and Eastern Europe [1][2][3] Group 1: Partnership Details - The agreement allows Societe Generale to provide over-the-counter liquidity for 21Shares' Bitcoin and Ethereum ETPs (ABTC, CBTC, AETH, CETH) [2] - This partnership aims to expand institutional access to 21Shares' crypto products, making them available to a broader base of professional investors [2][4] Group 2: Strategic Importance - The collaboration is expected to improve liquidity, execution quality, and ease of access for institutional investors in the digital asset market [4] - Both companies express enthusiasm about the partnership, highlighting its significance in advancing innovative liquidity solutions in the ETF and ETP space [3]
Regional bank CEO “excited” about stablecoins in banking #shorts #banking #stablecoin
Bloomberg Television· 2025-07-22 18:35
Tim Spence, chairman, CEO & president of Fifth Third Bank, joins "Open Interest" to discuss the impact stablecoin technology will have on the bank's operations. Congress delivered a watershed victory for the crypto industry last Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance http://bloom.bg/3GNlHBZ ...
Slowdown in Leveraged Loan Issuance to Hurt Moody's Q2 Earnings
ZACKS· 2025-07-22 16:35
Core Insights - Moody's (MCO) is set to announce its second-quarter 2025 results on July 23, with expectations of limited revenue growth in its Corporate Finance line, which is the largest revenue contributor within the Moody's Investors Service (MIS) division [1][10] - Global bond issuance activity showed some health, but there was a significant slowdown in leveraged loan issuance compared to the previous year [1][2] Corporate Finance - The consensus estimate for Corporate Finance revenues is $492 million, indicating a 6.3% decline year-over-year [2][10] - Weaker leveraged loan issuance, attributed to lower repricing activity and increased corporate debt spreads, has notably impacted revenue [2][10] Financial Institutions and Other Segments - The Financial Institutions business line is expected to generate revenues of $198 million, reflecting a year-over-year increase of 1.5% [3] - Public, Project, and Infrastructure Finance revenues are estimated at $164 million, suggesting a 6.5% increase [3] Structured Finance - Quarterly issuance volumes for collateral debt obligations were strong, but commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS) saw a decline, leading to a projected 6.1% drop in Structured Finance revenues to $123 million [4][10] Overall MIS Division Performance - The consensus estimate for total MIS division revenues is $1.03 billion, indicating a 3.1% year-over-year decline [5] Moody's Analytics Division - Revenues from the Moody's Analytics (MA) division are projected to rise to $876 million, reflecting an 8.7% increase year-over-year due to rising demand and inorganic growth strategies [6][7] Key Developments - Moody's fully acquired ICR Chile in June, enhancing its presence in Latin America's credit markets, although the deal is not expected to materially impact 2025 financial results [8][9] Earnings Expectations - The Zacks Consensus Estimate for earnings is $3.42, representing a 4.3% increase from the previous year, while sales are expected to reach $1.85 billion, a 1.8% rise year-over-year [13]
X @CoinDesk
CoinDesk· 2025-07-22 14:25
🚨 NEW: PNC Bank and Coinbase have announced a strategic partnership aimed at expanding digital asset services and modernizing banking access. https://t.co/8fDOfHPKYG ...
JEPI ETF: Below-Average Income Potential Ahead
Seeking Alpha· 2025-07-21 20:12
Group 1 - The article discusses the investment strategies offered by Sensor Unlimited, which include two model portfolios aimed at different investment goals: short-term survival/withdrawal and aggressive long-term growth [1][2] - Sensor Unlimited is led by an economist with a PhD, specializing in financial economics and has a decade of experience covering the mortgage market, commercial market, and banking industry [2] - The focus of Sensor Unlimited's research includes asset allocation and ETFs related to the overall market, bonds, banking and financial sectors, and housing markets [2] Group 2 - The previous work on JPMorgan Equity Premium Income ETF (JEPI) was published on May 13, comparing it with SPYI and providing three reasons to prefer SPYI [1] - The investment group Envision Early Retirement, led by Sensor Unlimited, offers proven solutions for generating high income and growth with isolated risks through dynamic asset allocation [1] - The group provides direct access for discussions, monthly updates on holdings, tax discussions, and ticker critiques upon request [1]