Compliance

The Facebook-affiliated currency, formerly Libra, aims to benefit from the bank's blockchain expertise and regulatory status.

The central bank wants to adopt new rules to state clearly that merchants must have a choice of debit networks for card-not-present transactions.

JPMorgan Chase was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister.

It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.

It's "powerful … to be able to use the word ‘bank’ in our marketing because we are a legitimate financial institution," CEO Dan Henry said Wednesday. Its rival Chime recently agreed to stop referring to itself as a bank in a settlement with California regulators.

Wall Street firms have urged the Biden administration to ease the industry’s burden in complying with a flood of financial sanctions the U.S. has levied in recent years as a primary tool of foreign policy toward Russia, China, Iran and other adversaries.

Payment services run by Apple, Google and Amazon may need monitoring as the tech giants’ largely unregulated financial products squeeze out those of banks, France’s competition authority warned.

Shopkeepers and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.

Shop owners and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.

The collapse of Thodex and Vebitcoin has triggered a manhunt for one of the exchange founders, led to dozens of arrests and inflicted untold losses on ordinary Turks.