Goldman Sachs is planning to launch digital wealth management services to customers with as little as $5,000 in 2020. The company is...
The Office of the Comptroller of the Currency (OCC) has said the Wells Fargo Human Resources (HR) department has a rash of...
HSBC and Santander UK will refund the overdraft fees of more than 115,000 customers. The Competition and Markets Authority (CMA) reported that...
Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling...
In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be...
More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the...
Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch,...
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13...
British bank TSB, on the heels of an IT disaster that saw its annual profits wiped out, recently dealt with an issue...
To provide shoppers with an eCommerce points redemption option, Capital One rewards cardholders will soon have the ability to redeem cash back as well...
A catastrophic IT crash that affected 2 million customers at TSB and locked them out of their accounts last year was blamed...
Ant Financial Services Group might apply for a virtual banking license in Singapore. “We are actively looking into this opportunity,” Hangzhou, China-based...
PYMNTS’ Where Will We Bank Next? Survey found that banking customers are increasingly placing a higher value on convenience, personal data security...
In the face of growing competition, banks are rethinking legacy processes and digitizing their customer journeys. For Alabama-based Regions Bank, artificial intelligence...
Google is planning to launch consumer checking accounts next year in partnership with Citigroup and Stanford University, The Wall Street Journal (WSJ)...
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new...
Bank of America offers its corporate clients a unique perk. They can make payments in the billions of dollars on smartphones using...
An independent competition authority in Greece has raided a number of major Greek banks over an investigation into collaboration between the institutions,...
A German proposal for the EU’s banking union is being opposed by Italy, which said it would impact banks’ ability to compete,...
Deutsche Bank Deputy Chief Executive Officer Karl von Rohr said the bank welcomes a finance ministry proposal from Germany that would strengthen...
FinTechs are connecting banks with tools such as integrated receivables that they can provide to their corporate customers — and offer them...
Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has...
There are several reasons why consumers might complain about the services provided by their traditional banks. Perhaps the worst, HM Bradley CEO...
South Korea has started a pilot-testing program for open banking, according to a release. The company started testing on Wednesday (Oct. 30)....
Marqeta, a card issuing platform, has introduced a new service called Marqeta Reserve Financing, which is designed to help businesses incorporate a...
The Clearing House (TCH) reported that 15 Jack Henry & Associates financial institutions (FIs) will use JHA PayCenter to connect to the...
FinTech firms are delivering technology solutions to banks that can help them maintain their customer relationships — and generate income. As it...
Citigroup veteran Jane Fraser was named to lead the company’s consumer banking division following an upheaval in the ranks that puts her...
Barclays revealed that it will not withdraw from a partnership that allowed customers to withdraw cash at branches of the U.K. Post...
McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported...
Swiss banks are going to start charging their millionaire customers to store money, according to a report by CNN. On Friday (Oct....
Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their...
Goldman Sachs has lowered employee compensation as it focuses more on offerings like the Apple Card to help it continue to grow...
The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete....
Barclays Bank is no longer going to let its customers withdraw cash from U.K. post offices beginning in January, and the decision...
Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition....
Saga, a financial company geared to individuals over 50, has teamed up with Goldman Sachs consumer bank Marcus to offer two new...
The Reserve Bank of India is trying to reassure savers that all is well after a recent crisis involving Punjab and Maharashtra...
In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has...
Challenger banks in the U.K. are having a hard time competing with the country’s big four financial institutions. While challengers such as...
Consumer bank Marcus, launched by Goldman Sachs in 2016, has lost $1.3 billion despite buying startups and building call centers in Utah...
And now begins some more heavy lifting. Capping a search that lasted six months, Wells Fargo has brought in an outsider —...
Since California first declared marijuana “legal” for medical consumption in 1996, transactions involving legally permitted cannabis have been complicated things. In fact,...
The U.S. House of Representatives passed H.R. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. 25)....
Emirates banking group Emirates NBD has announced the creation of E20., a digital bank for the region, according to a release by...
Metro Bank in the U.K. jettisoned a $250 million pound bond issue on Monday (Sept. 23), after not enough investors picked up...
In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as...
Singapore’s Hong Leong Finance is going to take advantage of the country’s plan to issue virtual banking licenses to transform itself into...
To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in...
Michigan has approved a charter for a new financial institution designed for LGBT customers. Superbia Credit Union will offer products such as...