banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs

Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs
Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs
May 24, 2022  |  CBDC

The Federal Reserve asked the public for its thoughts on the need for a central bank digital currency (CBDC), and the banking industry has answered...

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JPMorgan’s Deep Pockets and Digital Banking Push Should Worry Neobanks
JPMorgan’s Deep Pockets and Digital Banking Push Should Worry Neobanks
May 24, 2022  |  Digital Banking

To build a business from the ground up takes money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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JPMorgan Expects Credit Losses to Stay Low Through ’23
JPMorgan Expects Credit Losses to Stay Low Through ’23
May 23, 2022  |  Banking

Fears of a recession have landed the markets in hot water, though JPMorgan doesn’t think there’s much cause to worry, The Wall Street Journal (WSJ)...

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Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
May 23, 2022  |  CBDC

Wall Street lenders want the U.S. government to slow down on their plans for a digital dollar, Bloomberg reported Monday (May 23). Get the Full...

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G-7 Leaders Cold on Crypto, Warm on CBDCs
G-7 Leaders Cold on Crypto, Warm on CBDCs
May 23, 2022  |  Regulation

The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank...

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BNP Paribas Becomes Latest Bank to Embrace Blockchain
BNP Paribas Becomes Latest Bank to Embrace Blockchain
May 23, 2022  |  Blockchain

French bank BNP Paribas has joined a U.S.-based blockchain-powered network overseen by JPMorgan to use digital tokens for short-term trading in fixed income markets, stepping...

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Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022  |  Banking

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to...

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Wells Fargo to Pay $7M to Settle SEC AML Allegations
Wells Fargo to Pay $7M to Settle SEC AML Allegations
May 20, 2022  |  AML

Wells Fargo Advisors agreed to pay $7 million to settle federal Securities and Exchange Commission (SEC) charges that the firm failed to report at least...

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This Week in Payments: Developers, Banks, Businesses Pursue Embedded Payments Innovations
This Week in Payments: Developers, Banks, Businesses Pursue Embedded Payments Innovations
May 20, 2022  |  Payments Innovation

It was a big week for embedded payments innovations, with a developer in the space achieving unicorn status, banks identifying them as urgent priority in...

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