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In global news this week, U.K. regulators safeguard cash, Mastercard's CEO weighs in on SWIFT, Deutsche Bank debuts real-time B2B payments, and more.
May 25 -
We’re all entitled to our own opinion at work, but what if it starts impacting improvements and growth?
May 25
ABBYY -
The payments company Stripe plans to give customers access to bitcoin four years after suspending support for the cryptocurrency.
May 25 -
The invasion drew unprecedented sanctions and withdrawals from dozens of powerful payment firms. The conflict demonstrates how a financial response can be as devastating as a military one — on both sides.
May 25 -
Bank of Nova Scotia and Bank of Montreal, Canada’s third- and fourth-largest lenders, got a boost last quarter as the nation’s businesses increased borrowing to meet customer demand.
May 25 -
Clients of neobanks have more difficulty reaching service representatives than those of direct banks. Several firms are trying to change that.
May 24 -
Acting Comptroller of the Currency Michael Hsu said the recent collapse of TerraUSD suggests that prudential rules for stablecoin could prevent similar events in the future.
May 24 -
Heartland BancCorp recently added Republican Lt. Gov. Jon Husted to its board of directors. One government watchdog group said the move raises questions about potential and perceived conflicts of interest.
May 24 -
Under the deal, participating members of the BancAlliance network will be able to buy interests in loans originated on the digital lender’s platform.
May 24 -
Here's what industry executives have stopped talking about — and what they're focused on today.
May 24
Arizent -
Bob Bruns, who has been with the North Carolina credit union for roughly 40 years, handed the reins to Eric Gelly on May 1.
May 24 -
Acquiring the 151-year-old PCSB would give the buyer its first presence in the deposit-rich metro New York marketplace. After the $313 million deal closes, Brookline will operate two separately chartered subsidiaries in addition to its namesake bank.
May 24 -
Bank of America is boosting pay for tens of thousands of U.S. employees who earn less than $100,000 a year and adding reimbursements for a portion of electric-vehicle purchases.
May 24 -
The bureau’s new office of competition and innovation will promote competition, host events and seek to make it easier for consumers to switch financial providers.
May 24 -
Citigroup is weighing a deal to buy Deutsche Bank's Mexican bank amid plans to set up a new local unit as it exits retail operations in the country, according to people familiar with the matter.
May 24 -
Martin Gruenberg, the agency' acting chair, said it will be watching commercial real estate and other assets as matters of “ongoing supervisory attention.”
May 24 -
Cambridge Bancorp in Massachusetts said it would acquire Northmark Bank in a transaction valued at $63 million.
May 24 -
After lying low for a couple of years, wealthy consumers are poised to unleash nearly a quarter-trillion dollars in a card-spending binge that only a COVID-19 resurgence could derail, according to Visa's chief economist, Wayne Best.
May 24 -
The amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.
May 24 -
Former FHFA director Mark Calabria said the mortgage market was a “ticking time bomb” on track for a 2008-like crisis. Other experts foresee a tamer end to the bull housing market.
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