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Morgan Stanley has applied for a de novo national trust bank charter, allowing the bank to hold digital assets on behalf of its clients — a move in rhythm with its recent crypto expansion. A public filing with the Office of the Comptroller of the Currency (OCC) shows the application for a bank trust charter was received on Feb. 18 under the name “Morgan Stanley Digital Trust, National Association.” More details of the business plan were released on Friday, according to reports from Bloomberg and Forbes, revealing that the Morgan Stanley subsidiary will custody certain digital assets and execute purchases, sales, swaps…

Kevin Dietsch | Getty ImagesTrump Media & Technology Group said Friday that it was exploring a spin-off of Truth Social, the social media platform of choice for President Donald Trump.Truth Social could become a separate, publicly traded company following the forthcoming closing of its merger with fusion power firm TAE Technologies, according to a press release. Shares of Trump Media fell more than 2% in a choppy session on Friday, despite rising in premarket trading. The stock trades under the ticker DJT, which is also President Trump’s initials.Such a move will bring more public market attention to Truth Social, the…

 Ericsson and Mastercard have entered into a collaboration aimed at reshaping how money moves globally.the partnership integrates the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move, which serves as Mastercard’s portfolio of money movement solutions. The collaboration aims to empower telecom service providers, banks, and fintechs to expand their digital wallet capabilities, launch new payment services, and reach unbanked or underbanked communities.+1Simplifying connectivity and infrastructureTo facilitate this integration, Ericsson is leveraging its pre-integrated application programming interfaces (APIs), cloud-native deployment, and compliance-ready infrastructure. This technological foundation is designed to simplify fintech connectivity to the Mastercard Move network.According to the announcement,…

Brazil partially rolls back import tax hike

A former Moelis & Co. investment banker plans to return to the US from France to plead guilty to tipping off members of a global insider-trading ring.

The financial sector could be one of the best-performing areas of the stock market in 2025 and for several years after. While there’s no guarantee that any sector, industry, or individual stock will perform well, there are a few big catalysts that could cause the financial sector to deliver better-than-expected profitability, growth, and of course, investor returns.If you have $1,000 to put to work, the Vanguard Financials ETF (NYSEMKT: VFH) could be a great addition to your portfolio right now. Here’s a rundown of what this low-cost ETF is, and why we could be entering an excellent growth environment for…

The Corcoran Group agent Julian Johnston exclusively speaks to Fox News Digital about the new wave of California billionaires migrating to South Florida due to a proposed wealth tax. A new analysis of the 10 most expensive ZIP codes in the U.S. finds that California continues to be home to a significant portion of the nation’s most luxurious properties. Economists at Realtor.com sought to find the 10 most expensive communities in the U.S. by focusing on areas with at least 30 active listings in January to identify qualified ZIP codes. From there, they ranked markets by median listing price. And, in cases…

Democrats in the U.S. Senate continue to pile onto Binance, asking the Treasury and Justice departments to investigate its sanctions compliance and protections against illicit finance following reports of potential terrorism funding.Nine senators, including a few that have been instrumental in negotiations over the crypto industry legislation known as the Digital Asset Market Clarity Act, sent a letter Friday to the chiefs of the federal agencies, requesting they probe the exchange after news reports on possible breaches, which also claimed the company had fired some of the compliance personnel involved in discovering the transactions.The latest move from Democrats follows an…

Oil prices jolted higher on Friday, booking their biggest daily gains in over a week, after President Trump signaled the window for using diplomacy to end Tehran’s nuclear program may be closing.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxThe payment industry is undergoing a profound transformation, driven by growing demand for seamless, contactless, and autonomous experiences, alongside an accelerating rollout of artificial intelligence (AI) and machine learning (ML) throughout the payment value chain.In the Asia‑Pacific (APAC) region, consumer adoption of AI‑driven shopping tools is soaring, laying fertile ground for agentic payments that act on behalf of buyers. Yet, a new Visa survey reveals that lingering concerns about security and transparency are creating hesitation at the moment of checkout.The survey, which polled more than 14,700 consumers across…