June 5, 2025

bank

Crypto

French State-Owned Bank Rolls Out $27,000,000 Initiative To Invest in Crypto Projects: Report

A state-backed bank in France is reportedly launching a multimillion-dollar initiative to invest in crypto projects. According to a new report from Bloomberg, French government-owned bank Bpifrance – which has nearly $110 billion in assets under its management – is rolling out a $27 million crypto venture fund to invest in digital asset startups. Not

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Banking

Banking Ombudsman launches investigation after ANZ helped customer send $250k to scammers

The victim’s total losses were $550,000 – over the Banking Ombudsman Scheme’s financial threshold. However, ANZ has agreed to waive the limit to enable the investigation to proceed – despite refusing to do so in another $1 million fraud case. The ombudsman’s probe follows a Herald investigation into the case, in which Kate lost her

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Banking

Banking on Southern California’s Recovery

For Bank of America’s Raul Anaya, wildfire relief efforts are now a full-time job Raul Anaya has found his next big project. He’s been tapped by the chief executive of Bank of America to step back from his day-to-day role as national head of business banking, one of eight major lines of business for the

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Investors

Real Estate Investors Explain Why They Work With Private Money Lenders

Mike Gorius and Kevin Hart opt for private lenders despite higher interest rates. The main advantage of working with private lenders rather than traditional lenders is speed. Finding people with capital boils down to networking, leveraging social media, and cold-calling. As of March 2025, mortgage rates are hovering around 6.4%. Real-estate investors Mike Gorius and

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Investors

Investors Dumped Record Amount of US Stocks As Prices Crashed: BofA

Global fund managers dumped a record amount of US stock during last week’s sell-off, BofA found. The surveyed investors expressed pessimism around the global economic-growth picture. Stagflation was a commonly-cited fear, with expectations for the scenario at the highest since late 2023. As US stocks slipped into a 10% correction last week, investors were dumping

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