CompaniesBank of New York Mellon CorpFollowIndustrial and Commercial Bank of China LtdFollowNov 10 (Reuters) – The Industrial and Commercial Bank of China’s access to an electronic settlement platform for U.S. Treasury securities remained suspended on Friday in the aftermath of a ransomware attack on China’s largest bank, two sources familiar with the matter said.BNY Mellon,…

Short seller Jim Chanos spoke with the Institute for New Economic Thinking about crypto, tesla, and AI. “You have to understand that the crypto ecosystem is well-suited for the dark side of finance,” he said. Here are his four best quotes on crypto and other tech developments. Loading Something is loading. Thanks for signing up!…

MU Health Care finished the first quarter of fiscal year 2024 with a $10.6 million gain in operating funds, an indicator that the organization’s finances continue to improve after experiencing a cash shortfall last year. However, the $10.6 million was $5 million less than MU Health Care had budgeted for the fiscal year. × This page…

Sunil Sachdev is Fiserv’s new head of embedded finance. In the push to bring banking services to merchants’ platforms via embedded finance, core provider Fiserv has lacked one thing: a holistic vision of users’ finances.That component fell into place recently as Fiserv unpacked the capabilities of Finxact, a core bank ledger provider the financial giant…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ukraine has warned that political squabbling between EU capitals on a fresh financial package for Kyiv is putting the country’s “macro-financial stability” at risk, compounding concerns over future funding from the US.Brussels has proposed a €50bn package…

The most newsworthy part of Barton Gellman’s new interview of tech entrepreneur Peter Thiel for the Atlantic is that Thiel is swearing off campaign contributions. He’d been a big donor to Donald Trump’s 2016 campaign, earning a speaking spot at that year’s convention. More recently, he’d provided millions of dollars to political action committees supporting…

Year-end Planning Americans who move abroad still have a responsibility to file their taxes with the IRS. While giving up American citizenship to avoid paying U.S. taxes may sound like a tempting idea, experts advise against it. “It typically doesn’t make financial sense, and there’s a few reasons why,” said Italy-based Alex Ingrim, a financial…

  Tearsheet is concluding our inaugural SMB Finance Awards — an awards program that acknowledges and honors the best financial services companies, products, and players serving SMBs. The SMB Finance Awards are an opportunity to showcase product excellence in SMB finance, recognizing the companies and individuals who are driving innovation and growth in this vital sector of the economy. Applicable…

Impact Investing | October 13, 2023 State of the Impact Field: Unprecedented opportunity tempered by sober realism (video) This week’s Agents of Impact Call continued a tradition started nearly a decade ago by Fran Seegull of the US Impact Investing Alliance …