PROVIDENCE, RI – In a move that highlights the intensifying intersection of corporate finance and social activism, Citizens Bank announced on Friday that it will terminate its long-standing financial relationships with two of the nation’s largest private prison operators, CoreCivic and The GEO Group. Both companies are primary contractors for U.S. Immigration and Customs Enforcement…
Introduction: A New Paradigm in Digital Finance In a move that signals a definitive shift from the speculative "crypto-native" era to an institutional-led digital economy, a massive consortium of more than 140 global financial leaders, fintech giants, and blockchain innovators on Tuesday announced the launch of "Open USD." This new stablecoin initiative, spearheaded by the…
In a seismic shift for the global financial ecosystem, a coalition of more than 140 of the world’s most influential corporations—including payments titans Visa, Mastercard, and Stripe, financial powerhouses BlackRock and BNY, and crypto-native leaders like Coinbase and Ripple—has officially announced the launch of a new stablecoin: Open USD (OUSD). This initiative, spearheaded by the…
By PYMNTS | June 18, 2026 In a coordinated move reflecting the collective stance of the American financial sector, five major trade associations have formally petitioned federal banking regulators to further refine the proposed Basel III capital requirements. While acknowledging that the March 2026 iteration of the proposal marks a significant improvement over its controversial…
