HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses and raising deposits in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Asset managers like BlackRock and Vanguard, along with investment banks, have banded together to ask clearing houses to create larger safety buffers and more stringent standards to help stave off potential future trading losses. Get the Full Story Complete the form to unlock this article...
Lights out for the FinTech charter idea? 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...
The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. Get the Full Story Complete the form to...
Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Department of Justice (DOJ) has bolstered the staff for its investigation into potential antitrust violations against Big Tech, adding Ryan Shores, a former partner in an international law firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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...
A proposed law created to increase competition in the tech sector would allow users to move their data between social media platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking industry as a whole. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
