After years of enjoying little to no competition, banks in Nigeria have reached out to the country’s regulators for help in dealing with encroaching FinTech firms, Bloomberg reported Tuesday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Boston-based FinTech Circle has chosen New York City-headquartered Signature Bank to become its lead financial institution to hold reserve deposits, the firm announced in a Monday (April 19) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Philip Drury has been selected by Citigroup Inc. to head up a new investment banking group that has a concentration on firms in telecom, data, entertainment, media and tech, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
If there’s one universal theme thus far across bank earnings, across banks large and small, investment banking juggernauts and more retail-oriented firms … it’s that the consumer has remained remarkably resilient. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Would it surprise you to learn that Gen Z consumers — the oldest of whom turn 24 this year — are the most likely of all demographic groups to seek information on life insurance? Coming out of the COVID-19 episode, few things are truly surprising...
The Federal Reserve’s latest weekly survey showed that the 25 largest banks in the U.S. reduced their loan-to-deposit ratio to 53.9 percent, the lowest in the 36 years that the data has been collected, Bloomberg reported on Monday (April 12). Get the Full Story Complete...
J.P. Morgan Chase’s CEO Jamie Dimon said in his annual shareholder’s letter that banks are facing a slew of competitive challenges from tech-nimble, non-traditional financial services players – even as boom times likely lie ahead for the economy at large. Get the Full Story Complete...
Citi Treasury and Trade Solutions (TTS) has rolled out Citi Service Insights (CSI), which includes an integration with SWIFT gpi Case Resolution, according to an announcement emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Brazil’s big banks, long known for high rates despite occasional public outcries, are racing to modernize amid challenges posed by low interest rates, the pandemic’s fallout and new digital rivals, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this...
