Orange County Bancorp posted record second quarter earnings with net income rising 30.6% to $13.7 million, or $1.02 per share, compared to $10.5 million a year earlier. The growth was fueled by a 5.2% increase in total deposits to $2.4 billion, a 38 basis point rise in net interest margin to 4.44%, and a one-time tax valuation allowance reversal. Loan balances remained stable at around $2 billion despite higher prepayments, while the bank reduced its cost of deposits significantly. The company remains optimistic about future growth, supported by a strong loan pipeline and stable wealth management division.
India's Finance Minister Nirmala Sitharaman said trade negotiations with the U.S. have plateaued, highlighting challenges in finalizing a deal focused mainly on reducing the trade imbalance. The U.S. wants to increase exports to India to address a $5...
Super Inu (SI) experienced a sharp decline of more than 49% in 24 hours, marking the steepest drop among five Solana ecosystem tokens. Its market capitalization fell to $18.5 million. Other tokens also saw significant losses: e/acc dropped over 46% t...
Whale positions on Hyperliquid amount to $9.84 billion, with short positions totaling $5.212 billion (52.97%) and long positions at $4.628 billion (47.03%). Shorts carry a combined unrealized loss of $657 million, while longs show a profit of $597 mi...
Pinterest director Benjamin Silbermann recently sold 93,750 shares of the company, generating approximately $1.8 million from the transaction. This sale could indicate a personal financial move or a strategic decision, but it may attract investor att...
Solana has introduced an open-source Delivery versus Payment (DvP) program that allows institutions to settle trades atomically on its blockchain, with finality in seconds instead of days. This program enables simultaneous exchange of tokenized secur...
