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Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight.The Securities and Exchange Commission (SEC) accused Coinbase of operating illegally without prior registration, a mandatory requirement for securities trading firms in the US.Considering…

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Wall Street stocks rose on Tuesday, led by financials and consumer discretionary stocks as investors consider the path forward for US monetary policy. Wall Street’s benchmark S&P 500 finished 0.2 per cent higher, just short of the technical bull-market territory it briefly entered on Monday after it had risen more…

The numbers: Total bank lending climbed slightly by $1.2 billion to $12.1trillion in the seven days ending May 24, the Federal Reserve reported Friday. This is the second straight weekly increase. Total bank deposits, meanwhile, rose by $86.5 billion last week to $17.2 trillion. Deposits had fallen earlier this month…

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