The U.S. recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp (FDIC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Deutsche Bank told U.K. regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts, the Financial Times (FT) reported on Sunday (Nov. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.K. legislators are calling for a mandatory 24-hour waiting period on all first-time payments between bank accounts as a way to reduce fraud, Reuters reported on Friday (Nov. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. 22). Get the Full Story Complete...
The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a staff of 11,000, the Financial Times reported on Wednesday (Oct. 9). Get the Full Story Complete the form to unlock this...
Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess of 80 percent, the Financial Times reported on Tuesday (Sept. 17). Get the Full Story Complete the form to unlock this...
An increased number of banks are swapping their own regulators for oversight by the Office of the Comptroller of the Currency (OCC), The Wall Street Journal reported on Tuesday (Sept. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active investigations, Reuters reported on Monday (Aug. 19). Get the Full Story Complete the form to unlock this article and enjoy...
