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...
China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the...
Alipay’s Ant Financial announced that it is moving into the pilot stage for its blockchain network — Ant Blockchain Open Alliance, which was created to help...
No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging...
European Union lawmakers released a report on Wednesday (Feb. 27) recommending that the EU create a police unit dedicated to the investigation of tax and...
Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks....
It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership...