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John Thain, a former chief executive officer of Merrill Lynch, is expected to join Deutsche Bank's supervisory board in May, according to a person with knowledge of the German lender's plans.

HSBC agreed to pay $100 million to settle an antitrust lawsuit by over-the-counter investors, including the city of Baltimore and Yale University, who claimed they were harmed when they bought securities tied to rigged Libor.

Alibaba Group Holding Ltd. is buying full control of the startup Ele.me as it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services.

Slowly and silently, 10,000 free-to-use ATMs are set to disappear from Britain’s high streets over the next four years — despite recent findings that at least 3 million people across the U.K. rely on cash for almost all of their day-to-day payments.

The information you need to start your day, from PaymentsSource and around the Web. Today: Alibaba pays billions to acquire mobile delivery startup; Waves builds a cryptopay gateway; FINRA warns on screen scraping; Phishing attackers get arrested; Payment fraudsters hit Italian football club.

Fintech firms likely to take a third of traditional bank revenues by 2025, Citigroup report says; Saks, Lord & Taylor say five million card accounts were accessed.

Until the technologies provide significant savings, cryptotokens threaten financial stability, and the risks of open access to central bank balance sheets are worked out, retail CBDCs are a long way off, writes Collin Canright, a fintech consultant.

Elizabeth Rossiello heard that cryptocurrencies would be the next big thing so she founded BitPesa. And while she benefited from the initial craze around bitcoin and blockchain, her company also shares bitcoin's reputational wounds.

Short sellers tend to go against the tide, making investments based on a belief that a stock is going to tank. These 10 banks have drawn the greatest amount of short-interest activity recently.

Momentum to overhaul the mortgage finance system had been slipping, and with Democrats divided over the Senate's banking relief bill there's virtually no chance more bipartisan deals can be worked out.