CUNA and the World Council of Credit Unions (WOCCU) have entered into an agreement with Travelex to expand money remittance services. The new program will operate under the International Remittance Network (IRnet) name that WOCCU has built, and will be licensed to CUNA for use in the United States. Under the
The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand into auto lending and personal loans.
Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
The bank is the custodian for Anchorage's stablecoin platform, it's thinking of issuing its own and it's relaunching bitcoin custody, among other efforts.
