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The world's largest neobank had a strong quarter as it prepares to launch a bank in the U.S.
August 14
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Citi's pending purchase of the rewards fintech is a pivot in the way the $2.9 trillion-asset bank thinks about its points program and comes at a time when interchange is under fire.
August 14
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Depository institutions filed about 3% of the suspicious activity reports Fincen counted but accounted for 61% of the dollars — roughly $3 billion.
August 14
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Vikram "Vik" Malhotra joins the Bank of New York Mellon's board of directors from McKinsey, Bank of America will acquire up to a 49.9% joint-venture stake in Jio Credit Limited, JPMorganChase terminates its banking relationship with Polymarket over regulatory concerns, and more in this week's banking news roundup.
August 14
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An SEC spokesperson attributed the cancellation to an "unforeseen scheduling issue" and said the meeting would be rescheduled "to a later date."
August 14
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Retail sales fell 0.6% in July despite a World Cup bump and the University of Michigan's consumer sentiment index declined to cap off a pivotal week of economic indicators.
August 14
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Dr. Viroshan Naicker is co-founder and CEO of Refiant. A mathematician by training, he holds a doctorate from the University of Johannesburg and lectured for six years before moving into industry. He co-founded Refiant in 2025 on the conviction that large models are inefficient by design and that better methods already exist in nature.
August 14
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Experts predict that either banks or fintechs will sue the Consumer Financial Protection Bureau, depending on the details of the fee structure in its forthcoming open-banking rule.
August 14
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The Consumer Financial Protection Bureau said it will stop publishing consumer complaint narratives, citing concern that the information is one-sided.
August 14
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Women are projected to receive more than $100 trillion in the so-called great wealth transfer. But their planning needs can differ from men's.
August 14
