bank regulation

For Wells Fargo’s New CEO Scharf, The Long List Of To-Dos Looms Large
For Wells Fargo’s New CEO Scharf, The Long List Of To-Dos Looms Large
October 22, 2019  |  Personnel

Day One is over. For Charles Scharf, who has taken the reins as CEO of Wells Fargo, the list of what needs fixing — and what...

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Hong Kong Allows Banks To Reschedule SMB Loan Payments
Hong Kong Allows Banks To Reschedule SMB Loan Payments
October 17, 2019  |  B2B Payments

Hong Kong’s central bank has announced measures that top financial institutions of the city plan to deploy in support of local small businesses, Reuters reported...

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New Fed Rules Lower Asset Requirements For Banks
New Fed Rules Lower Asset Requirements For Banks
October 10, 2019  |  Bank Regulation

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions....

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Germany’s State-Backed Banks Advance Merger Discussions
Germany’s State-Backed Banks Advance Merger Discussions
October 09, 2019  |  Bank Regulation

Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a...

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Cannabis Cos’ Financial Struggles Spread Far Beyond The POS
Cannabis Cos’ Financial Struggles Spread Far Beyond The POS
October 08, 2019  |  B2B Payments

When considering the financial services (FinServ) challenges of the legal cannabis sector, the biggest point of friction that almost always comes to mind first is...

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FCA Questions Metro Bank Managers On Misreporting Allegations
FCA Questions Metro Bank Managers On Misreporting Allegations
September 17, 2019  |  Bank Regulation

Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess...

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SCA Delay: A Payments Opportunity In Disguise?
SCA Delay: A Payments Opportunity In Disguise?
September 05, 2019  |  Digital Payments

Opportunities come in various forms and disguises, and that could be the case for payments and commerce operators when it comes to the European Union’s...

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Lawsuits Likely In Aussie Bank Probes
Lawsuits Likely In Aussie Bank Probes
August 19, 2019  |  Bank Regulation

The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active...

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Hong Kong Probes China’s Citic Bank Lending
Hong Kong Probes China’s Citic Bank Lending
August 16, 2019  |  B2B Payments

Amid escalating political tensions between Hong Kong and China, the Financial Times reported Thursday (Aug. 15) that Hong Kong authorities have reportedly opened an investigation...

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