Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the...
Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort...
“What’s in a name? That which we call a rose by any other name would smell as sweet.” -William Shakespeare, Romeo & Juliet...
The U.K. may have been “ground zero” for Open Banking, but the collaborative model that brings together traditional financial services players and...
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and...
Deutsche Bank is now paying the highest financing rates on the euro debt market as compared to other major financial institutions, which...
After being implicated in one of the largest money laundering scandals ever, Estonia is struggling to realize its dream of becoming a...
Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the...
The U.S. is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its...
As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and...
The government shutdown, which is now the longest in modern history, is hurting President Donald Trump’s deregulation plans in the financial services...
A U.S. Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s...
The U.K. government has reportedly rejected recommendations by the Treasury Select Committee that suggested stricter regulations on bank lending to small businesses...
David Watson of Deutsche Bank contributed the following piece as part of PYMNTS’ Masterclass series, where participants in the world of payments...
Eight people in Estonia have been arrested in connection to Danske Bank’s money laundering scandal. According to Reuters, Estonian newspaper Postimees reported on...
France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that...
Wells Fargo won’t be allowed to grow until it hardens its risk management policies to make sure there are no more abuses...
U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to...
Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more...
European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according...
The Danske Bank money laundering scandal in Denmark could potentially affect the country’s financial stability. Denmark’s largest bank is being investigated over “massive money...
Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes...
It’s the age of algorithms, but not all algorithms are the same — and not all of them constitute true AI. A...
The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”...
European Union governments have reached a preliminary deal to bolster bank supervision in the hopes of preventing money laundering. According to Reuters,...
Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank,...
Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech...
Blockchain, the crypto wallet provider, plans to have an airdrop worth $125 million, Fortune reported. Through the cryptocurrency giveaway, each recipient would...
Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the...
Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart...
U.K. policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are...
In the latest Digital Fraud Tracker Deep Dive, PYMNTS examines the authentication challenges posed by PSD2, GDPR and other data sharing initiatives.
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC...
The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in...
Data intelligence firm Aktis is rolling out a cloud-based platform for banks to benchmark and analyze their market positions compared to industry...
The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to...
The U.K. government is broadening the ability of small businesses (SMBs) to lodge complaints against their banks, according to Financial Times reports...
Five federal agencies spoke on Wednesday (Oct. 3) on how community banks and credit unions can share resources to boost anti-money laundering (AML) efforts,...
The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct....
Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack...
Credit Suisse has been censured by FINMA, the Swiss financial supervisor, for weak anti-money laundering processes, reported Financial Times. According to the...
Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters,...
Banking during the pre-digital days involved transport. One had to visit a branch — and remember, there is a reason people still...
A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York, accusing the regulator...
Add another investigation to the roster of headlines swirling around Wells Fargo. As The Wall Street Journal reported on Thursday (Sept. 6),...
Although Deutsche Bank says it knows it cannot return to the market domination it enjoyed before the 2008 financial crisis, according to...
The fallout over the Royal Bank of Scotland’s mistreatment of some small business customers continues, with a new investigation launching after the...
China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according...
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if...
Royal Bank of Scotland (RBS), which has been ordered to dole out more than $1 billion to industry competitors, is ready to receive...