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A new report by the examiner of the bankrupt crypto lender Celsius Network details shortfalls in controls and operations at two of the company's product offerings related to digital assets it held in custody for customers, raising issues of whether and how these users can get reimbursed.
November 21 -
Brown has been with the online lender almost since it was spun off from General Motors, helping it broaden its product offerings and take a stand on overdraft fees. Now he must help Ally confront a looming recession.
November 21 -
Savarese was drawn to a career in the financial services industry after witnessing firsthand how economic stability can improve the lives of others. She then spent 17 successful years running the Massachusetts mutual.
November 21 -
The collapse of the crypto empire founded by political megadonor Sam Bankman-Fried is being transformed into a new political battlefront as Republicans highlight links between Democrats and their onetime benefactor.
November 18 -
Kristin Johnson of the Commodity Futures Trading Commission urged crypto industry whistleblowers to come forward in the aftermath of FTX Group's implosion, saying tipsters have previously received millions of dollars for their help.
November 18 -
Lawmakers on both sides of the crypto debate see a call to action in the demise of the world's second largest crypto exchange. But a consensus path forward has yet to emerge.
November 18 -
The bank has agreed to pay $113 million for the $500 million-asset Surrey Bancorp, which specializes in credit for small to midsize commercial clients as well as government-guaranteed loans.
November 18 -
Visa's Qatar 'face payments' rollout, Regions' continuing-ed perk and more in banking news this week.
November 18 -
President Biden called on the U.S. Supreme Court to let his student-loan relief plan take effect, setting the stage for a multibillion-dollar showdown that could affect more than 40 million borrowers.
November 18 -
A former Deutsche Bank trader cleared of charges that he rigged the Libor benchmark rate has sued the bank for malicious prosecution, saying the company made false and misleading statements to get him prosecuted in the U.S.
November 18 -
Machine learning and automation could be pivotal in helping consumers and small businesses outside the mainstream access credit and other basic banking services, several panelists said at the Financial Technology Association's inaugural Fintech Summit.
November 18 -
Through lending programs, financial coaching and hiring practices tailored for inclusion, these CEOs provided crucial services to underserved communities.
November 18 -
The British lender is offering to provide support for laid-off workers starting new fintech businesses and hopes to attract staff for some of its thousands of technology job vacancies.
November 18 - AB - Technology
The London-based challenger bank will also launch a streamlined version of its app as it works to break into non-European markets.
November 18 -
JPMorgan Chase made sweeping improvements to time off for bereavement, sick days, and caring for ill family members — including for the first time giving 16 weeks of leave to either parent for the birth or adoption of a child, regardless of which is the primary caregiver.
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