June 19, 2025

finance

Loans

Ken Griffin Loans Rare U.S. Founding Documents for Public Display

The hedge fund manager’s cumulative philanthropy totals at more than $2 billion. John Parra/Getty Images for Pérez Art Museum Miami Ken Griffin isn’t just CEO of hedge fund behemoth Citadel. He’s also an avid American history buff who has spent millions acquiring rare documents like first printings of the U.S. Constitution and Bill of Rights.

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Investment

Chase CEO says succession plans unchanged amid investment decline

JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg JPMorgan Chase JPM.NCEO Jamie Dimon said the bank’s succession plans were unchanged, without giving a timeline for when his successor might

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Finance

Willis Lease Finance Corporation Appoints Z. Clifton Dameron as General Counsel

COCONUT CREEK, Fla., May 16, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the internal appointment of Z. Clifton (“Clif”) Dameron to the role of Senior Vice President, General Counsel and Corporate

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Crypto

Gov. Hobbs approves cryptocurrency regulation and reserve fund

Key Points: New legislation would help establish a regulatory framework for cryptocurrency One law would establish a cryptocurrency reserve fund Another seeks to regulate cryptocurrency kiosk operators Gov. Katie Hobbs signed a bill on May 7 that will allow the state to establish a cryptocurrency reserve fund and account for unclaimed digital currency assets. The

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Banking

Berkshire Hathaway Dumps Banking Stocks in Q1, Sells All Shares of Crypto-Linked Nu Holdings, Citigroup

Billionaire investor Warren Buffett’s Berkshire Hathaway heavily sold banking shares in Q1, according to a 13f filing with the US Securities and Exchange Commission. The Oracle of Omaha sold all shares of Brazilian bank Nu Holdings, which has its own crypto platform. He disposed of 40.18 million shares of the bank during the quarter that

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Finance

Is Germany’s powerful finance minister in over his head? – POLITICO

“When somebody concentrates all power into their hands, then of course that person will be held responsible for their mistakes,” said one SPD politician, speaking on condition of anonymity to discuss internal party matters. In the past, Klingbeil could always blame the party’s failures on others — including Olaf Scholz’s unpopularity — said the parliamentarian.

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Banking

Digital banking units fail to touch a chord with customers – Banking & Finance News

By Mahesh Nayak The digital banking unit (DBU) initiative — banks’ attempt to connect with the unbanked and the underbanked population using their digital prowess — largely remains on paper three years since its launch, with banks adding just 25 units to the initial 75. Several bank officials FE spoke to remained sceptical about the

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Finance

Review of Mingo County Schools reveals issues with leadership, finance, climate & culture

CHARLESTON, W.Va. (WCHS) — Mingo County Schools underwent a special circumstances review to examine the effectiveness and functionality of its leadership and highlights of that report were presented Wednesday during a West Virginia Board of Education meeting. The state board unanimously voted to take over the school system in March, citing “extraordinary circumstances” including low

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Finance

XRP News – The Vaultro Finance Use Case Guide: What You Can Do with the First Decentralized Index Fund Protocol on XRP Ledger

SINGAPORE, May 06, 2025 (GLOBE NEWSWIRE) — Vaultro Finance is redefining how investors interact with digital assets by launching the first decentralized index fund protocol on the XRP Ledger (XRPL). As crypto adoption accelerates, so does the demand for smarter, simpler, and more diversified investment strategies. Vaultro delivers this through tokenized, on-chain index funds –

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Finance

From Big Tech to Wall Street, Here’s What Brought Me Back to Banking

As Wall Street has poured money into technology budgets and become major players in patents and research, it’s also become a destination for technologists to work — rivaling even Silicon Valley. This as-told-to essay is based on a conversation with Melissa Goldman, a partner and tech leader at Goldman Sachs. She started her career 30

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