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With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees.

The stance the Bank of England is taking a proactive and pragmatic approach that should be championed, writes Nigel Green, founder and CEO of deVere Group.

The top examiner of Wells Fargo at the Office of the Comptroller of the Currency improperly revealed to the San Francisco bank the existence of a government investigation, according to the Treasury's inspector general.

Top Democratic lawmakers are piling pressure on the Federal Reserve Bank of New York to consider a diverse slate of candidates as the search for its next president enters a critical phase.

As government officials reconsider how best to wind down large financial institutions, they should ensure the banking agencies have flexibility to act without disrupting markets.

Speaking at the Economic Club of New York in Manhattan, PayPal Chief Executive Officer Dan Schulman said cryptocurrencies have a very uncertain future.

The company has agreed to pay $89 million for Premier Commercial Bancorp. The acquisition would significantly increase its branch presence and lending in the Portland area.

Federal Reserve warns that nonbank lenders pose risks to the financial system; Swift says the technology needs more work.

The information you need to start your day, from PaymentsSource and around the Web. Today: The EU pushes for a common fintech market; CBA limits ATM deposits; Swift's distributed ledger proof of concept is mixed; PhonePe takes a shot at Paytm.

deVere Group has added "Companion Accounts," which is designed to remove fees and enable shopping and expense management for relatives and companions that are in other countries, such as students or spouses.