Economic news

Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

Mark Calabria has notably criticized the government’s role in housing, but some groups have taken him at his word when he told senators that he supported affordable housing initiatives.

The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors.

The tech company has taken World Wire, its blockchain-based cross-border payments network, live in 72 countries.

The federal government's more active role in GDP, payroll and other vital statistics produced by the island could hasten its recovery from Hurricane Maria and lift lending and bank valuations at the same time.

If the United Kingdom leaves the EU without a deal, certain contracts held by U.S. entities and relocated outside the U.K. will not face new margin requirements.

Credit unions need to be thinking about pressure on net interest margins and declining revenues.

A Deutsche Bank and Commerzbank merger would face many hurdles; the mini-branch will have longer hours and cater to small companies.

Bank employees say management has not let up on ambitious sales goals; women bankers say UBS cut bonuses after maternity leave.

The Federal Reserve voted Wednesday to keep the countercyclical capital buffer at its current level of zero, ending some speculation that the board could be looking at a possible increase.

The Federal Reserve said it wants to discourage banks from using returns on Fed account balances as a business model.

Companies are scrambling to shore up Brexit strategies to ensure their payment systems work, a difficult if not impossible task given the political uncertainty. But it’s also an unavoidable complication, which Tipalti hopes will provide a boost for its service, which is built to expect uncertainty.

Brick-and-mortar retail isn’t dead yet. Though the trend of retailers closing stores in the face of stiff competition from e-merchants is certainly troubling to commercial real estate lenders, it would be a mistake to conclude that all retail loans are risky. Here's a look at which ones are the safest and, potentially, the scariest.

The decision shows how hard it is to prosecute an individual banker; reports say Nordea, the Nordic area’s largest bank, handled suspicious transactions.

Fincross, based on the island of Mauritius, is launching a regulated investment bank for digital assets. It faces tough competition.

Crypto exchanges are adopting anti-fraud surveillance tools as they attempt to root out pump-and-dump schemes, insider trading and bogus orders.

The U.S. embassy wants to meet with Sweden’s financial regulator over AML concerns; revelation that he borrowed to buy Barclays shares doesn’t sit well with others.

With Brexit on the horizon, the U.K.’s new agriculture bill is expected to drastically change the payments landscape for U.K. farmers — most notably through a new payments scheme known as the Environmental Land Management Scheme (ELMS).

Bank’s involvement and complex financing draw ire of Barclay shareholders; banks report financial deceit by those who know seniors.