As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The news […]

Brian Moynihan, the chief executive of Bank of America. REUTERS/Joshua Roberts Speaking at the Barclays Global Financial Services Conference on Tuesday, Bank of America CEO Brian Moynihan and Jennifer Piepszak, JPMorgan’s CFO, both spoke about customers’ increasing reliance on digital banking tools. Moynihan said that the pandemic had accelerated already-burgeoning […]

Share Tweet Share Share Share Print Email The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what […]

Central bank digital currency (CBDC)—fiat currency issued by central banks in digital form—has progressed in the past few years from a bold speculative concept to a seeming inevitability. More than 80 percent of central bank respondents to a Bank for International Settlements survey in 2019 reported engagement in CBDC projects. […]

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Menu Contact Search The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC has several programs to support small business, including a Disaster Relief Loan Guarantee, a Jump Start Loan Program and more. California Disaster Relief Loan Guarantee Program — COVID-19 The […]

For decades, the Federal Reserve has published data on the money supply, and for many years the Fed set targets for money supply growth. In the past two decades, a number of developments have broken down the relationship between money supply growth and the performance of the U.S. economy. In […]

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