Sections
Banking
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1.8KBarclays Customers Lose Access To Post Office Cash Withdrawals
Barclays Bank is no longer going to let its customers withdraw cash from U.K. post offices beginning in January, and the decision...
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2.9KCiti Appointed To Service $80B In Assets For Victory Capital
Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition....
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4.9KGoldman Beefs Up Marcus Savings Offerings
Saga, a financial company geared to individuals over 50, has teamed up with Goldman Sachs consumer bank Marcus to offer two new...
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1.8KRBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
The Reserve Bank of India is trying to reassure savers that all is well after a recent crisis involving Punjab and Maharashtra...
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5.4KUS Banks Expected To Lose 200K Jobs To Technology
In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has...
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2.9KUK Challenger Banks Struggle To Compete
Challenger banks in the U.K. are having a hard time competing with the country’s big four financial institutions. While challengers such as...
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7.1KGoldman’s Marcus Has Lost $1.3B Since 2016
Consumer bank Marcus, launched by Goldman Sachs in 2016, has lost $1.3 billion despite buying startups and building call centers in Utah...
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1.8KWhat’s Next As Scharf Takes The Helm At Wells Fargo
And now begins some more heavy lifting. Capping a search that lasted six months, Wells Fargo has brought in an outsider —...
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2.9KWill The SAFE Banking Act Make Life Riskier For Banks?
Since California first declared marijuana “legal” for medical consumption in 1996, transactions involving legally permitted cannabis have been complicated things. In fact,...
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3.5KHouse Passes SAFE Banking Act, Aiming To Give Cannabis Businesses Banking Access
The U.S. House of Representatives passed H.R. 1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. 25)....
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2.2KUAE Sees First Digital Bank For SMBs
Emirates banking group Emirates NBD has announced the creation of E20., a digital bank for the region, according to a release by...
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1.3KMetro Fails To Attract Investors To Bond Issue
Metro Bank in the U.K. jettisoned a $250 million pound bond issue on Monday (Sept. 23), after not enough investors picked up...
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2.6KBoA Cooperating With CFPB Probe Into Unauthorized Credit Card Accounts
In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as...
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2.3KSingapore’s Hong Leong Eyes SMBs In Virtual Banking Pursuit
Singapore’s Hong Leong Finance is going to take advantage of the country’s plan to issue virtual banking licenses to transform itself into...
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2.9KUS Bank Dials Back Growth Forecasts
To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in...
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1.9KMichigan Approves Charter For First LGBT Credit Union
Michigan has approved a charter for a new financial institution designed for LGBT customers. Superbia Credit Union will offer products such as...
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2.0KIndia’s Shadow Banks See Foreign Loans Tumble
India’s shadow banks are struggling as defaults in the country’s credit market have risen. These lenders have signed $1.5 billion of foreign-currency...
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2.6KHead Of Swedbank Won’t Let Probes Compromise Clients’ Privacy
Swedbank’s new CEO says that while transparency is a goal after his predecessor misled the public about money laundering, he still has...
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2.0KSurvey Finds Just 50 Pct. Of Swiss Bank Online
A new survey of 34 banks in Switzerland showed that only about 50 percent of the population bank online, according to a...
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3.3KCredit Suisse To Invest Hundreds Of Millions In Digital Banking
Swiss bank Credit Suisse said it plans to invest heavily into its digital ecosystem, and that it doesn’t think it’s necessary to...
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3.7KDigital Banking And Branches Not An Either/Or Proposition
Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul...
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3.1KCommerce Bank To Offer Corcentric’s AP Workflow Solution
Procurements and accounts payable solution provider Corcentric announced that it has entered a reseller agreement with Commerce Bank to allow its Cor360...
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3.3KSoftBank’s New ‘Operating Group’ Encourages Startup Collaborations
In an effort to create a relationship between its portfolio of investors, SoftBank has created an “operating group” within its Vision Fund....
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2.7KNatWest Tests Use Of Google Assistant To Check Bank Balances
British bank NatWest has been testing out Google Assistant compatibility to allow customers to do things like check their balance via voice...
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3.7KMonzo Security Flaw Affects 500K Customers
Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change...
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2.2KUK’s B-North To Launch SMB-Only Banks Next Year
B-North has announced plans to open a network of small-business-only bank offices throughout the U.K. by the end of next year. The...
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6.5KBig Banks Don’t Want Fed’s Real Time Payments Rails
Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Currently,...
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2.6KSpain’s High Court Formally Investigating BBVA
Spain’s High Court announced that BBVA is now under formal investigation related to an alleged spying case. The anti-corruption public prosecutor made...
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6.2KBAMS, First Data JV To Call It Quits In 2020
With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29)...
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7.8KRakuten Applying For US Banking Charter
A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. The...
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3.8KBB&T/SunTrust Merger Raises Questions On Capitol Hill
In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or...
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2.0KDisruptor UK Bank Atom Raises £50M
Atom, a banking startup in the UK that caters to millennials, has raised £50M ($62.4 million) in a funding round and is...
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3.0KRHB Bank Launches Dynamic CVV Codes To Fight Card Fraud
RHB in Malaysia is introducing fraud protection cards with mini screens on the back that auto-generate new card verification value (CVV) numbers,...
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2.6KAML Expenses Eat Into Nordic Lenders’ Profits
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske...
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3.9KSunTrust Experiences Overall ‘Solid’ Q2 Amid Planned BB&T Merger
SunTrust Banks Inc. reported results Thursday (July 18) that surpassed revenue expectations but fell slightly under earnings estimates for the second quarter....
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2.5KOndot’s New Cloud Service Taps Digital Innovation For Banks
Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn...
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2.4KCurve Captures $55M In New Funding
Referred to as an “over-the-top” digital banking platform, London-based Curve has cleared $55 million in its latest funding round. Curve’s claim to...
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2.7KIMF Warns Of Big Tech Disruption In Banking Space
Banking institutions will get “left behind” if they don’t evolve as big tech companies continue disrupting the financial system, the latest research...
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2.4KJPMC Q2 Earnings Expected To Reflect Expanding Digital Innovations
Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing...
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3.7KUK Lender Starling Loses Four Executive Employees
Amid expansion efforts of U.K. digital bank Starling, several senior executives — including Julian Sawyer, Starling’s co-founder and chief operating officer —...
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2.1KCiti Looks To Lead In Q2 Earnings
Companies are beginning to release their second quarter earnings reports, and experts are pointing to Citigroup to outperform in the banking industry....
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2.4KChallenger Payments Platform VibePay OK’d By UK FCA
London-based VibePay has won approval from the U.K. Financial Conduct Authority (FCA) to provide direct-to-bank payments via open banking. VibePay will launch...
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1.9KEU Central Bank Taps Former Goldman Sachs Banker As Regulator
The European Central Bank (ECB) has brought on Elizabeth McCaul as a banking supervisor, according to a report by Reuters. McCaul is...
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4.1KCan ‘Elective’ Fees Work For Retail Banks?
Most people like their banks, a built-in advantage for banks and credit unions as they fend off challenges from upstarts, and as...
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1.9KSix Nordic Banks Team To Take On AML Issues
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation...
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1.8KIrish Central Bank Fines Wells Fargo 5.9M Euros
Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest...
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ECB Head Advocates EU Bank Consolidation
European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should...
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1.2KEU Nominates IMF’s Lagarde To Become President Of ECB
International Monetary Fund (IMF) chief Christine Lagarde is poised to become the first woman to run the European Central Bank (ECB). While...
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2.3KEx-BBVA Exec Under Investigation For Spying Allegations
The former chief operating officer of Spanish lender BBVA is under investigation for corporate spying. Ángel Cano, along with seven other current...
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2.0KNorwegian Regulator Slaps Santander With $1M Fine For AML Issue
The Financial Supervisory Authority (FSA) in Norway has fined Santander, a Spanish bank, $1 million for violating Norwegian anti-money laundering (AML) statutes,...
