Fintech

Properly designed public banks would be safer than private banks while promoting economic growth.

Although the number of scam attempts is falling, especially in financial services, costs are up, data shows.

Klarna will begin reporting the use of buy now/pay later products to U.K. credit reference agencies, which could see the increasingly popular mode of financing impact users' credit ratings.

On Dec. 31, 2021. Dollars in thousands.

"Apple may have restricted competition, to the benefit of its own solution Apple Pay," Margrethe Vestagar of the European Commission said. It's an accusation Apple's fought many times across the globe.

About two dozen banks in the U.S. and Europe, including ABN Amro and Bank of America, are working with The Clearing House and EBA Clearing, using technology from SWIFT, to make instant international transactions ubiquitous for business and e-commerce sales.

The Fed waited too long to address inflation. Now we can expect higher borrowing costs as well as inflation.

The new hires joined Veritex from Bank of Houston, which has also been aggressively recruiting bankers.

In a recent survey, just over half of community bankers expressed concern that the central bank will harm the U.S. economy by raising rates too fast in its quest to contain inflation.

Analysts were expecting Capital One’s marketing spending to slow significantly after it surged to nearly $1 billion at the end of the year.