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Regulators should consider whether additional investor protections are needed for the fast-growing market, Caroline Crenshaw, an SEC commissioner, said in a speech Wednesday.
October 12 -
Former Barclays boss Jes Staley has been banned from the U.K. financial services industry after "recklessly" misleading regulators and the bank about his relationship with the late financier and sex offender Jeffrey Epstein.
October 12 -
Unfair regulations must be challenged, and bankers are increasingly turning to lawsuits to do so, writes Ken Thomas, president of Community Development Fund Advisors.
October 12
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Banco Santander Chairman Ana Botin said she's is always looking at potential smaller acquisitions, responding to a report that the Spanish lender had been approached about a possible bid for Metro Bank Holdings.
October 12 -
Caroline Ellison outlined for a New York jury how she worked with Sam Bankman-Fried to deceive lenders and customers to build his multibillion dollar cryptocurrency empire — and their failed attempts to prevent a spectacular collapse.
October 12 -
In search of new revenue streams, the card network has researched companies' working-capital and cash-flow headaches to see where it could play a bigger role.
October 12 -
Customers of community banks and credit unions using Fiserv's core banking platform will soon directly control third-party access to their account information among Plaid's network of 8,000 third-party applications and services.
October 12 -
The job cuts came after CEO Bill Demchak said in July that he was "taking a hard look" at opportunities to reduce expenses. PNC joins a growing list of banks that have laid off workers amid declining growth prospects.
October 11 -
Jeffrey Brown, who's been Ally Financial's top executive for nearly nine years, plans to leave the company by early next year. His exit comes as deteriorating credit quality and rising interest rates are biting into Ally's profits.
October 11 -
The proposals appear "somewhat bizarrely" to be a response to the problems at U.S. regional banks in March, according to Citigroup Chairman John C. Dugan.
October 11 -
Tradeshift Holdings has dismissed its co-founder Christian Lanng due to "serious allegations of sexual assault and harassment" and "gross misconduct on multiple grounds," the company says. Lanng denies the allegations.
October 11 -
With US banks facing a fresh wave of capital restrictions, some are searching for ways to trade out of risky loan portfolios and free up their balance sheets. The solution may very well lie with capital-rich lenders in the booming $1.5 trillion private credit market.
October 11 -
Corporate One Federal Credit Union is working with CU*Answers to simplify other credit unions' integration with The Clearing House's RTP network.
October 11 -
Goldman is offloading the lending platform less than two years after acquiring it as part of a broader retreat from the mass market.
October 11 -
The new Federal Trade Commission proposal would require companies to disclose whether any fees are refundable up-front and would ban hidden or misleading fees.
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