FDIC-insured commercial banks and savings institutions reported a return on assets ratio of 1.37% in the second quarter, marking one of the best results since 1984, Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill said Tuesday (Aug. 25). Get the Full Story Complete the form to unlock this...
Brazil-based bank Itaú Unibanco Holdings S.A. has secured preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States called Itaú Bank, National Association, the OCC said in an Aug. 14 corporate decision. Get...
For the first time in years, the U.S. bank branch count is moving up meaningfully, and some of the biggest banks are putting billions of dollars behind the physical network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Data monetization and real-world asset tokenization company Datavault AI is set to acquire Wyoming financial institution BankWyse. 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,...
British neobank Monzo was sending customers to its backup bank Wednesday (Aug. 19) morning as it dealt with an outage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Automated global broker Interactive Brokers (IBKR) has integrated Paysafe’s SafetyPay to enable eligible IBKR clients in Latin America to fund their IBKR accounts directly from personal bank accounts in local currencies, IBKR said in a Tuesday (Aug. 18) press release. Get the Full Story Complete...
Citi has debuted Custody+, a suite of near or real-time custody solutions. 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...
Monzo’s chairman is departing the British neobank months after shareholders lobbied for his removal. 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...
On Wall Street, “cheese” is slang for money. In Italy, they decided the metaphor needed collateral. 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...