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Truist mulls a restructuring of its underwater bond portfolio

American Banker

The North Carolina-based bank is considering the idea of selling a portion of its securities portfolio as a way to build capital, CEO Bill Rogers said Tuesday. At the end of the third quarter, Truist's securities were worth about 20% less than what the company paid for them.

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Drone Company Flytrex Secures $7.5 Million

PYMNTS

The funding round was led by Benhamou Global Ventures (BGV) with additional capital from Btov. The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik. Flytrex also has plans to expand into North Carolina.

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Bitcoin Daily: Sygnum Crypto Firm To Seek Singapore Banking License; US Air Force Teams With Constellation Blockchain Firm

PYMNTS

The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia.

Bitcoin 101
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Wu-Tang Financial Is Here — Finally

PYMNTS

The CREAM in Cream Capital stands for Crypto. To be more precise, Ghostface Killah is a part of Cream Capital, a firm that claims him as one of its co-founders. This quote from Cream Capital’s Co-Founder and CEO, Brett Westbrook, sums it up: “He [Dennis Coles] doesn’t have any technical background with cryptocurrencies.

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Regulators Need to Approve New Types of Banks: N.C. Banking Commish

American Banker

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Security measures to deter and detect cyber-attacks.

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Bitcoin Tracker: Challengers And Backlogs

PYMNTS

While this particular scheme capitalized on major interest surrounding digital currencies (it raked in $1.1 It’s much tougher to legitimize and regulate it. Elsewhere in the world, officials continue actively seeking legitimacy and regulation for bitcoin. The reputation of bitcoin precedes it. Washington, D.C.,

Bitcoin 100