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Apple Inc. stores in China now welcome Alipay, marking the first time the Cupertino, Calif.-based tech giant has officially accepted a third-party wallet at any of its brick-and-mortar stores worldwide.
February 7
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Goldman Sachs is in discussions to acquire the personal finance startup Clarity Money, with plans to fold it into its Marcus online lender, according to people familiar with the matter.
February 7
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Banks are capitalizing on changing consumer habits - and satisfying a pressing need to diversify their loan portfolios - with a spate of instant point-of-sale loans for everything from iPhones to home improvements.
February 7
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Bank of America hired Davis Polk & Wardwell to conduct an internal review of a $292 million chargeoff in the fourth quarter, according to a person familiar with the matter.
February 7
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JPMorgan says it will deploy Total System Services Inc. technology when issuing virtual payment cards to commercial clients.
February 7
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Regulators have repeatedly found that financial firms with more than $100 billion in assets can pose systemic risks.
February 7
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Citigroup said an Italian court rejected a €1.8 billion ($2.2 billion) civil claim filed by Parmalat against the bank over the food company's collapse in 2003.
February 7
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The SEC and CFTC ask Congress to expand federal oversight of cryptocurrency trading; the recent wild swings in financial markets may boost first quarter trading revenue.
February 7
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The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network's evolution by targeting the business payments market.
February 7
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Bank stocks recovered some of their lost value on Tuesday on extremely high levels of trading volume. The lone exception: Wells Fargo.
February 6
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The continuing cycle of scandal has forced big banks to get crafty in how they influence debate in Washington. The latest action against Wells Fargo ensures more backroom dealing.
February 6
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Comptroller of the Currency Joseph Otting met Tuesday with acting CFPB Director Mick Mulvaney to discuss ways to reduce regulatory burden and coordinate supervision of financial firms.
February 6
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The Federal Reserve’s order restricting Wells Fargo puts other bank boards on notice that they could be singled out for failure to perform, but also makes it easier for them to avoid that fate.
February 6
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The acquisition of Coker Capital Advisors would be the fifth nonbank deal for the Cincinnati company in the past year.
February 6
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The heads of the Securities and Exchange and Commodity Futures Trading commissions said they are not ignoring the fast-growing cryptocurrency sector and they have some oversight powers. But they indicated that they might need more.
February 6
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Putting money directly in people’s pockets requires more speed and efficiency through innovative technologies and payments systems, writes Deirdre Ives, managing director of Wirecard North America.
February 6
Wirecard North America -
A group of credit unions is looking to make the most of two big banks' recent moves that angered their customers.
February 6
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The move is mainly in response to fintech firms that have long argued that the main route to doing business is by getting a license in each state, which can be a cumbersome and repetitive process.
February 6
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Shares drop nearly twice as much as other bank stocks and the broader market; agency denies it’s looking to end the investigation into last year’s data breach.
February 6
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It is unclear whether the Consumer Financial Protection Bureau is abandoning its supervisory oversight of Equifax or just taking a back seat to the Federal Trade Commission as the latter investigates the credit bureau.
February 5
