Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45 million — “for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017,” Britain’s main bank regulator said in a news release on...
U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Kevin Reen and Bill Juliano, who recently worked for J.P.Morgan Chase and Santander Bank respectively, will now serve as Wells Fargo‘s new corporate risk leaders, in the company’s attempt to have better oversight going forward. Get the Full Story Complete the form to unlock this...
Analysts at UBS Securities lowered Wells Fargo’s rating and earnings forecast, saying the bank will have a tougher time bouncing bank from the coronavirus pandemic — more so than other financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy...
The Federal Reserve Board has eliminated its six-per-month limit on transfers and withdrawals from savings accounts as the nation continues to adapt to changes caused by COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
