JPMorgan Chase and Citigroup are among a number of big banks in the U.S. making a move to unload cash, and have asked some corporate clients to shift their funds from deposits to money market accounts, the Financial Times reported, citing sources. Get the Full Story...
France’s competition agency has concluded an investigation into banks, Big Tech and the financial technology (FinTech) sectors, with a warning that vigilance is needed due to “significant changes in the payments sector, characterized in particular by the arrival of major digital platforms.” Get the Full...
U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of activity, and more, according to a press release. Get the Full Story Complete the form to unlock this article and...
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New York Metro-based New York Community Bancorp (NYCB) and Michigan’s Flagstar Bancorp have inked a merger agreement, the two banks announced in a Monday (April 26) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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Paxos has initial approval to establish its own “de novo” or new national trust bank after being approved by the Office of the Comptroller of the Currency (OCC), according to a company blog post. Paxos will be the first cryptocurrency-native company to attain that status....
Tasnim Ghiawadwala has been named as head of Citi Commercial Bank (CCB). Ghiawadwala succeeds Sunil Garg, who was recently appointed to serve as Citibank, N.A.’s CEO and chair of the risk and controls project group of the firm’s transformation effort, according to an announcement from...
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