Banks

Banking, Credit Cards, Home Loans & Auto Loans. Personal. Small Business. Wealth Management is just some of the main things a Bank will offer in terms of services.

Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs

Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs
Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs
November 02, 2022  |  Cryptocurrency

Binance Founder and CEO Changpeng Zhao is reportedly considering buying banks, saying such a move would build a bridge between crypto and traditional finance.  Get...

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FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022  |  Security & Fraud

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. Get...

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UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022  |  Banking

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and...

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SoFi Logs $5B in Deposits as CEO Reports Swiping Share From Banks
SoFi Logs $5B in Deposits as CEO Reports Swiping Share From Banks
November 01, 2022  |  Earnings

“We’re winning share in deposits … and we’re taking it from the traditional banks,” SoFi CEO Anthony Noto said on a Tuesday (Nov. 1) earnings call....

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Standard Bank May Consider Acquisitions as It Looks to Serve Multinational African Businesses
Standard Bank May Consider Acquisitions as It Looks to Serve Multinational African Businesses
October 31, 2022  |  Banking

Against the backdrop of increasing competition in its home market of South Africa, Standard Bank Group is open to acquisitions in Kenya and Nigeria as...

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Reserve Bank of India Launches First Pilot of Digital Rupee
Reserve Bank of India Launches First Pilot of Digital Rupee
October 31, 2022  |  CBDC

The Reserve Bank of India (RBI) has announced that the first of its pilot launches of a digital rupee will begin Tuesday (Nov. 1) with...

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Swift Delays ISO 20022 Implementation Until March
Swift Delays ISO 20022 Implementation Until March
October 28, 2022  |  Banking

Swift, which operates the global financial messaging service by the same name, on Thursday (Oct. 27) announced its decision to delay the migration to a new...

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Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
October 28, 2022  |  Bank Regulation

Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial...

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CFPB Says Surprise Overdraft Fees Are Likely Illegal
CFPB Says Surprise Overdraft Fees Are Likely Illegal
October 26, 2022  |  Bank Regulation

Getting hit with an unexpected overdraft fee might be annoying, but according to America’s top consumer advocate, it’s probably also illegal. Get the Full Story...

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