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  • Morning scan
    Morning Scan Citi slammed in Revlon loan blunder; Biden extends foreclosure freeze

    A federal judge ruled that lenders can keep $500 million the bank erroneously wired to them; the president extended the moratorium another three months, to June 30.

    By George Yacik
    February 17
  • Morning scan
    Morning Scan Mortgage boom expected to roll on; European banks bite the bullet

    About 19 million loans, worth $7 trillion, are still strong candidates for refinancing; the pandemic has demonstrated the need for banks to close branches and cut jobs.

    By George Yacik
    February 16
  • Morning scan
    Morning Scan BNY Mellon to accept bitcoin; home price boom continues

    The custodian said it will hold, transfer and issue cryptocurrencies on behalf of its asset management clients; some got caught up in the homebuying frenzy and now regret it.

    By George Yacik
    February 12
  • Morning scan
    Morning Scan Mastercard to support cryptocurrencies; Jane Fraser’s big turnaround test

    The company plans to accept digital currencies on its network sometime this year; Citi’s incoming CEO will rely on her international experience to try to fix the bank’s problems.

    By George Yacik
    February 11
  • Morning scan
    Morning Scan Tesla move unlikely to lift bitcoin payments; Dimon leads White House visit

    High usage fees and the cryptocurrency’s volatility make it unlikely it will become a widespread payments method; the JPMorgan Chase CEO was the only bank executive at the meeting.

    By George Yacik
    February 10
  • Morning scan
    Morning Scan Tesla boosts bitcoin; Biden’s OCC choice divides Democrats

    The auto company said it bought $1.5 billion of the digital currency and plans to accept it for purchases; but the two top contenders share similar views on racial inequality in banking.

    By George Yacik
    February 9
  • Morning scan
    Morning Scan CFPB probing PayPal’s Venmo unit; will HSBC feel heat from BlackRock?

    The money transfer service has been accused of aggressively collecting on overdrawn customers; the asset manager is being urge to pressure the bank to cut fossil fuel lending.

    By George Yacik
    February 8
  • Morning scan
    Morning Scan PayPal gets more physical; Biden weighs student loan forgiveness

    The company did more than $20 billion in in-store volume last year at more than 600,000 merchants; the president is now considering using an executive order to erase the debts.

    By George Yacik
    February 5
  • Morning scan
    SBA nominee to focus on PPP; 'buy now, pay later' programs surge

    Isabel Guzman wants the agency to better help minority businesses and underserved communities; volume has jumped by as much as 200% as consumers shop online and eschew credit cards.

    By George Yacik
    February 4
  • Morning scan
    Morning Scan U.K. moves to regulate 'buy now, pay later'; student loan servicer told to pay up

    The country’s financial regulator says many people who take out “buy now, pay later” deals don’t view them as loans; Navient ordered to repay $22 million it overcharged the government.

    By George Yacik
    February 3
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Innovation of the Year 2025

The 10 most groundbreaking tech projects and bank-fintech partnerships that are moving financial services forward

ABM0625_Cover.jpg

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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.