Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the resignation of some of the financial institution’s senior executives. According to Financial Times (FT), investors, industry figures and regulatory experts have said senior executives...
Standard Chartered announced Thursday (Jan. 31) that it has kicked off the second phase of its initiative to roll out a digital-only retail bank in Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards...
Call it a reunion of sorts, a gathering of banking execs not seen since the less-than-heady days of the financial crisis a decade ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Regulatory oversight may have the impact of reducing some banks’ physical footprint abroad. To be specific, that may be the case in at least one geopolitical battleground, and where Russia is the site of at least some of the trimming. Get the Full Story Complete...
SWIFT, a leader in secure financial messaging services, said that it facilitated an average of 31 million messages a day in 2018, an increase of 11 percent over 2017, and 56 percent over the last five years, according to a press release. Get the Full...
Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Bank earnings — taken together, let’s call them a mixed bag. Or maybe liken them to an onion, with layers of meaning and hints of things to come — some savory, some likely to induce tears. Get the Full Story Complete the form to unlock...
