With its Digital Currency Electronic Payment system — a state-backed digital currency managed by the People’s Bank of China — China ... the digital yuan, is a component of that effort.

Commissions do not affect our editors' opinions or evaluations. Bank of America wants to welcome you as a new customer—with $300 cash when you open a personal checking account, and even more ...

In April 2006, almost every member of the Richardson family was brutally murdered inside their home in Medicine Hat, Alberta, Canada. There was only one survivor in the family: 12-year-old Jasmine ...

China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan. The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC.

The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets. Among the biggest lenders in the world ...

The former headquarters of Bowery Savings Bank, a historic landmark in lower Manhattan, is poised to hit the auction block after being ensnared for years in a bankruptcy case. The 32,700 square ...

The Bank of China, a state owned Chinese bank, has announced its decision to provide at least 1 trillion Yuan in funding to companies in the Artificial Intelligence (AI) sector over the next five ...

China's central bank, the People’s Bank of China (PBOC), actively intervenes to prevent this imbalance between the U.S. dollar and yuan in local markets. It buys the available excess U.S ...

China’s property crisis is expected to worsen as new home sales plummet and indebted developers struggle to find funds to complete projects. WSJ’s Jonathan Cheng traveled to an abandoned ...

Commissions do not affect our editors' opinions or evaluations. The best Bank of America credit cards have something for nearly everyone—from those rebuilding credit to students starting out to ...