Barclays is reportedly in advanced talks to sell a stake in its payments business to Brookfield Asset Management. An announcement of a deal could come this week, though no final agreement has been reached and there could be a delay, Bloomberg reported Tuesday (April 15). A spokesperson for Barclays...
European neobank Bunq is on the road to getting a banking license in the United States. The company filed for a broker-dealer license, part of a two-stage strategy to enter the American market, according to a Tuesday (April 15) news release. With this step, the...
British lenders are reportedly concerned that the Bank of England’s scrutiny of significant risk transfers (SRTs), also known as synthetic risk transfers, could slow the growth of the market. These concerns follow an April 9 letter in which the central bank said it is looking...
Wells Fargo said it is making the largest investment in talent that it has made in the 25-year history of its Technology Banking organization. The bank expanded its Wells Fargo Technology Banking team by 20% over the past year and expects to add more bankers...
Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. The company had not been able to raise more capital since its August 2022 Series B funding round and faced “significant and costly litigation,” including a lawsuit filed by...
England’s central bank has postponed a bond sale following an uptick in tariff-related market pressure. As Bloomberg News reported Thursday (April 10), the Bank of England (BOE) had planned to sell the long-dated bonds under its quantitative tightening program, but decided to pause that sale following a surge in...
The carnage in global stock and bond markets wrought by the trade war being waged between the United States and just about everybody else continues. The latest troubling signs, as of Wednesday morning (April 9) include the fact that investors are walking away from government...
This week, America’s biggest banks are set to report their quarterly earnings. But as Reuters reported Tuesday (April 8), investors are less likely to be focused on profits than on the banks’ view of the economy amid steep U.S. tariffs. Wells Fargo analyst Mike Mayo said the...
Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives including AI, according to a Tuesday (April 8) news release. The investment comes as the financial services giant sees the fruits...