A lawyer for the whistleblower in the Danske Bank money laundering scandal warns that investigators should look into whether major Western banks were involved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Lender Investors Bancorp is reportedly ready to start reaching out to potential buyers as it considers a sale. According to The Wall Street Journal, Investors, which has about 150 branches in New Jersey and New York, has hired Keefe, Bruyette & Woods to advise on the...
Lloyds Banking Group is expected to announce plans this week to create 8,000 jobs as part of a £3 billion transformation and technology investment program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Vietnam’s biggest bank has made a significant step in becoming the first Vietnamese bank to open a branch in the United States. According to Reuters, Vietcombank has received approval from the U.S. Federal Reserve, and an agreement in principle from the New York State Department...
A new survey has found that small businesses aren’t feeling the love from their banks. 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,...
Wells Fargo announced Wednesday (October 25) that its chief administrative officer Hope Hardison and chief auditor David Julian have begun leaves of absence from the bank and will no longer be members of the company’s Operating Committee. Get the Full Story Complete the form to...
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC Chairman Jelena McWilliams made the announcement at an American Bankers Association conference in New York, revealing that federal bank regulators need to encourage...
The country’s four largest banks reported a combined 5 percent drop in U.S. deposits that earned no interest in the third quarter, compared with a year ago. According to The Wall Street Journal (WSJ), JPMorgan Chase, Bank of America, Wells Fargo and Citigroup revealed that customers withdrew...
