David Hollerith

Banking, finance and crypto coverage for @YahooFinance

[David Hollerith @DsHollers]

@mikulaja Yeah, I remember banks doing the R3 a decade ago. But if you squint and count the TCH tokenized deposits initiative, it’s two this year.

[David Hollerith @DsHollers]

@_JoshSchafer @carlquintanilla I kinda wanna see years 2, 3 and 4 now too

[David Hollerith @DsHollers]

Hackers are calling for Coinbase to pay up or else they will share personal info they "appear" to have obtained from bribing COIN workers.

The hackers are asking for $20 million.

Less than 1% of Coinbase's monthly transacting customers were impact.

The company's preliminarily estimate of the cost is "approximately $180 million to $400 million," per a SEC filing.

At this point, COIN says there's been "no compromise of passwords or private keys" and targeted workers weren't ever able to access customer funds.

https://t.co/fOHETCVMmW

https://t.co/uMGoEu1aeM

[David Hollerith @DsHollers]

New guidance.

[OCC @USOCC]

OCC-regulated banks may buy and sell assets held in custody and are permitted to outsource bank-permissible crypto-asset activities, including custody and execution services. https://t.co/0ScQdgNaS6

[David Hollerith @DsHollers]

OCC has officially given a green light to crypto trading and custody at national banks.

The regulators clarified in a letter published today that national banks and federal savings associations "may buy and sell crypto assets held in custody at a customer's direction."

They are also permitted to outsource custody and execution services to third-parties.

https://t.co/sZnUCcTxZ9

[David Hollerith @DsHollers]

you definitely don't wanna be a suitcase banker right now, that's for sure.

[Hester Peirce @HesterPeirce]

Bye, bye SAB 121! It's not been fun: https://t.co/cIwUc0isUE | Staff Accounting Bulletin No. 122

[David Hollerith @DsHollers]

@DavidFBailey @jarroddicker @wdavidturner Yaya but you still got the t-shirt, right?

[Yahoo Finance @YahooFinance]

Bank of America CEO Brian Moynihan tells @BrianSozzi: "I'm less concerned about [inflation returning] in the near term than I am making sure that we don't hurt the American consumer's confidence."

Watch more: https://t.co/iMJVJP3usV

[David Hollerith @DsHollers]

Did he say it?!?

He didn't say it and he's not likely to before Election Day.

[Yahoo Finance @YahooFinance]

Jamie Dimon didn't endorse any candidate Thursday. It's not likely he will by Nov. 5. https://t.co/z2s8St7Ufb

[Yahoo Finance @YahooFinance]

Jamie Dimon didn't endorse any candidate Thursday. It's not likely he will by Nov. 5. https://t.co/z2s8St7Ufb

[Yahoo Finance @YahooFinance]

Wall Street’s trading desks are having a great year. The election could keep that going. https://t.co/hOBoaZFdQ4 by @DsHollers

[Yahoo Finance @YahooFinance]

'Signature bites' and free umbrellas: Inside JPMorgan’s plan to lure more rich people to its branches https://t.co/mpfW8KhCI3 by @DsHollers

[Yahoo Finance @YahooFinance]

The Harris and Trump campaigns are both taking advice from one Wall Street titan: Jamie Dimon https://t.co/CzM9fN5Rn3 by @DsHollers

[Yahoo Finance @YahooFinance]

The big question hanging over banks as earnings season starts https://t.co/ZSTkbb2Etr by @DsHollers