Key insight: Currency security is banking’s oldest technology problem, and today’s $100 bill still carries features that descend from the anti-counterfeiting Benjamin Franklin engineered into colonial notes by hand. Supporting data: By the end of the Civil War, nearly one-third of all U.S. currency in circulation was counterfeit, the Secret Service estimates. Forward look: Because […]
As competition in the online trading industry grows, brokers are looking for faster and smarter ways to launch and scale their businesses. Building technology from scratch is becoming less practical, while demand for AI-powered tools, personalization and better user experiences continues to grow. Speaking with Adonis Adonis, News Editor at Finance Magnates, Demetris Makrides, Head […]
The Massachusetts Bay Transportation Authority says its service is faster and safer than it was four years ago. The system will use its $10.3 billion capital program to keep that momentum. Bloomberg News When people think of the Massachusetts Bay Transportation Authority, “reliable” isn’t the first word that comes to mind. Processing Content But reliable is […]
MCA Realty, Inc., a real estate investment company based in California, announced the acquisition of West Valley Distribution Center, a three-building 138,296-square-foot multi-tenant industrial portfolio located in Kent, Washington. The firm acquired the property from Tamarisk West Valley LLC with its MCA Realty Industrial Growth Fund II. MCA now owns three industrial properties encompassing 268,843 […]
The Croman name is playing in the Manhattan multifamily sandbox again, but this time the next generation is betting on the winning strategy. Jake and Adam Croman have quietly assembled a portfolio of small apartment buildings across Manhattan, leaning into rent-stabilized assets that much of the market has shunned since the 2019 Housing Stability and […]
The network found no evidence that McClain knew of the Pentagon’s later moves to integrate xAI’s Grok models, or that she traded on nonpublic information, and she holds no committee seats overseeing defence or technology. She does sit on the Financial Services Committee, and Capitol Trades, which tracks congressional disclosures, lists her household with 1,443 trades over three years, more […]
More investors want their money to reflect their values. It feels righteous — but the reality is a lot messier.
The state of California has awarded millions of dollars to support California Native American communities in funding housing and homelessness solutions that meet their communities’ unique needs. Announced recently by Gov. Gavin Newsom, the funding will assist 68 federally recognized tribes that were awarded a total of $28.5 million through Round 4 of the California […]
Pepperstone confirmed on Friday the appointment of Reed Sayer as its new Head of UK. Sayer joins from XTB, where he spent more than ten years building his career, most recently holding the position of Head of UK Sales. Over the course of his decade-plus tenure in financial services, he is said to have developed […]
Consumer litigation is up, and mortgage players aren’t ready. Processing Content Veteran industry attorneys say they don’t believe lenders and servicers are prepared for an upcoming surge of borrower lawsuits over a variety of grievances. While artificial intelligence tools are making it easier than ever for consumers initiate legal actions, litigation will also persist in […]