FDIC-insured commercial banks and savings institutions reported that their aggregate net income increased 3.6% in the first quarter compared to the previous quarter and reached...
Wall Street lenders are reportedly lobbying the Federal Reserve to solidify its regulatory regime. That’s according to a report Tuesday (May 26) by Reuters, which says the thinking behind...
U.K. neobank Monzo has dramatically increased its spending on an effort to woo new customers. The company paid out 29.5 million pounds ($39.7 million) on its “refer...
Mastercard says it is renewing its digital payments partnership with CIB, Egypt’s largest private-sector bank. The collaboration will see Mastercard support CIB with things like...
For years, the argument over Federal Reserve account access has largely centered on who gets in. The latest executive and regulatory moves suggest the next...
United Kingdom neobank Starling saw revenues and profits fall last year as interest income dropped. The lender released its annual report Thursday (May 21), which...
JPMorgan Chase’s CEO envisions a day where the bank hires more artificial intelligence experts than bankers. “I think it will reduce our jobs down the...
Financial infrastructure rarely becomes visible until it breaks. At Wednesday’s (May 20) House Financial Services Committee hearing on bank-FinTech partnerships, lawmakers, banking and FinTech executives...
Banking FinTech Mercury announced it raised $200 million in a funding round that valued the company at $5.2 billion. The company’s Series D round comes as Mercury...