YOLFT

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S&P 500USA

$7,743.41

+0.51%
NASDAQUSA

$27,068.72

+0.48%
Dow JonesUSA

$51,828.62

+0.93%
DAXGermany

$25,408.64

+0.56%
Nikkei 225Japan

$66,364.2

+1.30%
NIFTY 50India

$23,140.5

+0.34%

Across the markets

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Bankers sue to overturn OCC trust-bank rule used by crypto firms

The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms. American Banker reported that the complaint asked the court to vacate the OCC's national trust bank rule and Interpretive Letter 1176. It […] The post Bankers sue to overturn OCC trust-bank rule used by crypto firms appeared first on CryptoSlate.

1 hour ago · CryptoSlate

Hedge funds built a $1.2 trillion Treasury trade on money they have to keep borrowing

Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to make the return worthwhile. The government gets another buyer, whose interest lasts as long as the […] The post Hedge funds built a $1.2 trillion Treasury trade on money they have to keep borrowing appeared first on CryptoSlate.

3 hours ago · CryptoSlate