Royal Bank of Canada may spend as much as C$1 billion ($1.06 billion) to buy asset managers outside Canada as the country’s largest lender seeks to triple profit from wealth management in the next four years.
"We would be interested in small- and medium-sized acquisitions that could bolster our U.K., European and Asia equity capabilities," George Lewis, group head of wealth management, said in an interview in Toronto.
Gov. Mike Dunleavy, a Republican, vetoed a bill that would cap consumer loan rates at 36% APR, arguing it would restrict credit access for vulnerable Alaskans.
Fiserv and Metallicus are enabling downmarket development of digital assets. Payment experts say it's vital to have a plan, but one that doesn't give into a fear of missing out.
The idea of creating software from "vibes" or feelings seems antithetical to the buttoned-up and highly regulated world banks live in. But experts say there's a place for it.
An error in data submitted to the Consumer Financial Protection Bureau about consumers with no credit record — known as "credit invisibles" — has skewed the agency's reports, showing that the number of Americans without credit histories is half what it was thought to be.
The data aggregator intends to continue sharing data with Envestnet and U.S. banks after the acquisition.
Experts told lawmakers that quantum computers will soon render today's encryption obsolete — and foreign adversaries know it.
