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Under the plan, large banks would have to hold additional capital if they purchase another bank's "loss-absorbing" debt that is used to contain fallout from a collapse.
April 2 -
Walmart customers will soon be able to shop for groceries online using Google hardware, giving the retailer an established market for voice ordering — that is still a distant second to Amazon's Alexa user base.
April 2 -
New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.
April 2 -
Wells Fargo & Co. has committed to converting all of its payment cards to contactless technology, beginning with credit cards and adding contactless debit cards this summer.
April 2 -
A number of entities within the credit union industry have elected new directors, in addition to announcing other staffing changes.
April 2 -
PayPal has joined a funding round for startup Cambridge Blockchain, reportedly the first investment the online payments giant has made in distributed ledger technology.
April 2 -
Randal Quarles, a senior Fed official and chair of the Financial Stability Board, sparked debate with a speech about the risks and rewards of companies like Amazon, Facebook and Apple entering the financial system.
April 2 -
Bank of Montreal is getting about half of its U.S. business from outside the company's Midwest stronghold, thanks to a commercial-banking push, Chief Executive Darryl White said.
April 2 -
The loan origination fintech is offering the product in a stand-alone format and as part of the workflow for its mortgage and home equity loan products.
April 2 -
Since last fall, when the value of digital money plummeted, lenders have been pushing people who have paper profits to leverage them into cash by borrowing against their cryptocurrencies. And the fact that there's no tax bill on the transactions is a big selling point.
April 2