Citigroup Chief Financial Officer Mark Mason says the bank is more likely to report loan loss reserve releases than builds as of the fourth quarter, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy, president of payment technology and innovation firm i2c, said banks have been left behind and should focus on what they do best — compliance. Get the...
BitPay, a cryptocurrency payments firm, has filed to become a national bank in the U.S., CoinDesk reported, citing a legal notice published Tuesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume. Get...
Societe Generale (SocGen) and Credit du Nord, both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. 7) press release. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation...
You’d be forgiven for thinking that, in banking, the deal is dead. The pandemic, after all, has obliterated “normal” business trends and caution reigns. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Sabadell is reportedly looking at cutting jobs and striking distribution deals with other European banks after merger talks with fellow Spanish banker BBVA crashed last week, Reuters reported. The two could not agree on a price. Get the Full Story Complete the form to unlock this...
Banking as a Service (BaaS) is poised to change the end user experience of corporates as they navigate the daily challenges of cash flow management, supply chain activity and the need to become digital-first. Get the Full Story Complete the form to unlock this article...
The year-end acceleration of mergers and acquisitions (M&A) worldwide will keep bankers busy until the close of 2020, with deals emerging in most regions and industries, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
