Anonymous ID: ed3e29 June 19, 2019, 7:56 p.m. No.6794693   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4984 >>5116 >>5259

First Citizens Bank 10% owner and Chair/CEO bought $3.23m shares-June17

 

First Citizens BancShares, Inc. (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services. Its loan services include various types of commercial, business and consumer lending. Its deposit services include checking, savings, money market and time deposit accounts.

FCB also provides mortgage lending, a full-service trust department, wealth management services for businesses and individuals and other activities incidental to commercial banking. FCB's subsidiaries, First Citizens Investor Services, Inc. and First Citizens Asset Management, Inc., provide various investment products, including annuities, discount brokerage services and third-party mutual funds to customers primarily through the bank's branch network, as well as investment advisory services.

 

https://www.marketscreener.com/FIRST-CITIZENS-BANCSHARES-9272/company/

https://www.secform4.com/insider-trading/798941.htm

Anonymous ID: ed3e29 June 19, 2019, 8:02 p.m. No.6794732   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Facebook called before Senate panel over digital currency project

 

WASHINGTON (Reuters) - Facebook Incโ€™s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.

 

The hearing will explore the project, dubbed Libra, as well as any data privacy considerations it may raise, the committee said on Wednesday. No witnesses have been announced yet, according to a committee spokesperson.

 

David Marcus, who oversees Facebookโ€™s blockchain efforts, is expected to testify, according to a source in Washington familiar with the matter.

 

The announcement comes one day after the social media giant unveiled plans to launch a global cryptocurrency, which immediately attracted attention from regulators across the globe, and skepticism from Washington.

 

Representative Maxine Waters, the Democrat who chairs the House Financial Services Committee, said Tuesday she planned to similarly call Facebook to testify, and asked the company to halt the project while policymakers studied it.

 

In May, the leaders of the Senate Banking Committee wrote to Facebook seeking information on rumors of its cryptocurrency project, and how it would protect consumer information.

 

On Tuesday, a Facebook representative said the company looked forward to answering lawmaker questions. The company did not immediately respond to a request for comment on the July 16 hearing.

 

Facebook hopes to launch the Libra in the first half of 2020. They hope it will not only power transactions between established consumers and businesses globally, but offer unbanked consumers access to financial services for the first time.

 

Before Tuesdayโ€™s announcement, Facebook was already facing significant backlash over mishandling user data and not doing enough to prevent Russian interference in the 2016 U.S. presidential election. Those issues have led some government officials to call for Facebook to incur penalties, or be forcibly broken up.

https://www.reuters.com/article/us-facebook-crypto-senate/facebook-called-before-senate-panel-over-digital-currency-project-idUSKCN1TK2SX?