Brazil-based digital bank Inter has gotten regulatory approval to do business in the U.S. Inter has received permission from the Federal Reserve and Florida Office of Financial Regulation to establish a state‑licensed international banking branch in Florida, the company said in a news release Friday...
Some of the world’s largest banks posted their final earnings for the 2025 fiscal year this week. The most surprising narrative from firms like Citigroup, JPMorgan Chase, Bank of America, BNY, Wells Fargo and others was the excitement with which their leaders pointed to tangible...
Indiana-based Citizens State Bank will leverage MANTL’s omnichannel account opening products as it works to transform its retail and business deposit account opening experience. The bank plans to start with MANTL’s retail online account opening and then add the company’s retail in-branch and business account...
HSBC is reportedly considering selling its insurance business in Singapore, which could be valued at over $1 billion. Some other insurance and investment companies have shown interest in HSBC Life (Singapore), but the review is in its early stages, and no decision has been made,...
HSBC has launched a United Arab Emirates (UAE) asset management business that it said will play a key role in its Middle East, North Africa and Turkey (MENAT) wealth franchise. The bank also announced that it registered 10 new onshore investment funds with the UAE’s...
Global digital payments provider Checkout.com secured approval for a Georgia bank charter. The approval for its Merchant Acquirer Limited Purpose Bank (MALPB) charter from the Georgia Department of Banking and Finance allows Checkout.com to accelerate its plans to operate as its own acquirer in the...
KeyBank will reportedly pay $7.77 million to settle allegations that it sought forgiveness for fraudulent loans from the pandemic-era Paycheck Protection Program (PPP). The settlement involved nearly $6 million of Small Business Administration loans that a branch manager employed by the bank allegedly secured by...
The CEO of U.K. bank Lloyds thinks tokenization can help improve the home-buying process. That’s according to the Financial Times (FT), which published an interview with Charlie Nunn on the topic Wednesday (Jan. 7). Nunn, whose bank is the largest provider of home loans in...
Amsterdam-based neobank bunq has formally launched its campaign for an American banking license. The company announced Wednesday (Jan. 7) that it had filed for a de novo banking license with the Office of the Comptroller of the Currency (OCC) as it targets “digital nomads,” or...