Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...
Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the...
When Silicon Valley Bank (SVB) failed this spring, it shocked the market. But while those economic and banking sector wobbles have since largely abated, the third-largest...
Financial software firm Finastra has debuted a “Compliance-as-a-Service” solution for banks. The new tool, announced by the British company Thursday (Sept. 14) and available on Microsoft Azure, includes real-time...
Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...
Silicon Valley Bank has been taken over and closed by a state financial regulator. The California Department of Financial Protection and Innovation (DFPI) took possession of the...
Over the objections of bankers and critics in the Senate, President Joe Biden officially nominated Cornell University law professor Saule Omarova to serve as the...
Digital transactions are quickly becoming the norm, with trillions of dollars crisscrossing the globe via the internet. Securing this fast-growing market is the EU’s Revised...