Authorized push payments (APP) fraud in the U.K. amounted to £583 million ($706 million) last year as financial fraud in the country increased 39% from...
Eighty-four percent of the entire U.K. population still banks with the top seven high street banks, which include the “Big Four” clearing banks: Barclays, Lloyds,...
Most of the central banks in western countries have formally adopted a neutral position when it comes to the decision of whether to issue a...
Banks should be more cautious when setting aside capital to cover risks from unbacked cryptocurrency assets, the Bank of International Settlements’ (BIS’) Basel Committee said...
In the early days of Europe’s neobank revolution, the continent’s 750 million+ inhabitants provided what felt like an unlimited pool of customers for a generation...
Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of...
Citi has appointed Artie Ambrose as head of its Treasury and Trade Solutions (TTS) Operations division effective Aug. 1, reporting directly to Nicola Kane, head of...
The House Financial Services Committee’s ranking member, Patrick McHenry, released a draft bill on June 23 that seeks to modernize financial data privacy laws and...