PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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In April, the government extended a plan to continue selling down its stake in NatWest, which was around 84% at its peak. The latest disposal means the U.K. has sold more than half its shareholding.
May 22
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The fact that SoftBank, one of the world's most aggressive tech investors, is looking at private credit is more evidence of the market's rapid growth.
May 22
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"If the banking stresses start to bring inflation down for us, then maybe we're getting closer to being done. I just don't know right now," said Federal Reserve Bank of Minneapolis President Neel Kashkari.
May 22
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The bank said it agreed to sell a $2.6 billion portfolio of 74 real estate construction loans as part of its plan to shore up liquidity.
May 22
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Customers of banks that provide small-dollar loans are still turning to higher-cost lenders, according to a recent survey. The significance of the findings has sparked a debate between the payday lending industry and its critics.
May 21
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The three-year-old law required banks and other corporations based in the nation's most populous state to appoint a minimum number of board members from designated underrepresented communities. A federal judge said that it imposed an unconstitutional racial quota.
May 19
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Deposits at commercial banks decreased by $26.4 billion in the week ended May 10 to $17.1 trillion, according the Federal Reserve. The drop was mostly at large banks.
May 19
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The South Carolina senator — and ranking Republican on the Senate Banking Committee — formally entered the 2024 presidential race, becoming the latest candidate to challenge former President Donald Trump for the Republican nomination.
May 19
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Banking regulators and executives from the three regional banks that failed this spring testified in a marathon of hearings this week. These are the four threads to emerge from those hearings that banks need to watch.
May 19
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The move threatens to upend efforts by the billionaire German Larrea's Grupo Mexico to purchase the retail operations of Banamex, one of the country's oldest banks, from Citigroup.
May 19
