Financial Services, Industries
March 15, 2024
Via: Payments DiveAs financial services companies prepare for the advent of open banking in the U.S., thanks to a pending Consumer Financial Protection Bureau rule proposal, the agency’s director, Rohit Chopra, warned of “dangers” in setting standards for the new realm. In […]
Financial Services, Industries
February 23, 2024
Via: Payments DivePitigoi’s exit from San Jose, California-based payments giant PayPal comes on the heels of another senior finance exec’s departure. Earlier this month Gabrielle Rabinovitch left the company to take the top financial seat for merchant payments provider Worldpay after serving […]
Financial Services, Industries
February 16, 2024
Via: MoneyWeekLloyds Bank owned MBNA has stepped foot in the savings space for the first time today (16 February) with the launch of a one-year fixed-term account. MBNA, traditionally known for its credit card offering was acquired by Lloyds in 2016, […]
Financial Services, Industries
February 9, 2024
Via: Payments DiveCross-border payments player Western Union and rival Euronet Worldwide are both increasingly counting on their faster-growing digital services to fuel the expansion of their businesses. The money transfer companies earn revenue from providing services that let consumers send money domestically […]
Financial Services, Industries
January 12, 2024
Via: CNBCBank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, […]
Financial Services, Industries, News
December 21, 2023
Via: CNBCThe U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy Hunt is meeting with his Swiss counterpart, Karin Keller-Sutter, in Bern to […]
Financial Services, Industries
December 4, 2023
Via: Payments DiveIn September, Modern Treasury released their 3rd annual State of Payment Operations report, where they surveyed over 500 financial decision-makers for insights into payment operations at their companies. The decision-makers came from all kinds of industries, from marketplaces, to real […]
Financial Services, Industries
November 13, 2023
Via: Payments DiveThe European Union has taken another step toward creating a digital wallet linked to a user’s identity, according to a press release last Wednesday. The European Parliament and the Council of the EU reached a final agreement on a regulation […]
Financial Services, Industries
November 1, 2023
Via: Payments DiveThe Federal Trade Commission will require non-banking financial institutions to report data breaches and other events related to cybersecurity, the agency announced Friday. The amendment to the FTC’s Safeguards Rule would require non-banking financial institutions like mortgage brokers, motor vehicle […]
Financial Services, Industries
October 5, 2023
Via: Payments DiveSmall-business owners are increasingly relying on digital financial tools to help them manage spend, process payments, track payroll expenses, and handle other administrative tasks, according to the Financial Technology Association. That’s why the trade group, which represents 26 fintechs, says […]
Financial Services, Industries
September 25, 2023
Via: Investing.comShares in Evergrande (HK:3333) shed more than a fifth of their value on Monday after the embattled Chinese property developer announced that it would be unable to issue new debt. Evergrande ‘s stock slumped by 21.8%, its largest one-day percentage […]
Financial Services, Industries
September 11, 2023
Via: CNBCThe Bank of England’s rapid pace of bond sales is creating a “selling gold at the bottom” moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle. In the aftermath of the 2008 financial crisis, […]
Financial Services, Industries
July 25, 2023
Via: CNBCWells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its board of directors approved a previously announced dividend increase, to 35 cents per share from the previous 30 […]
Financial Services, Industries
July 19, 2023
Via: Markets InsiderIf you’re looking to plan your next holiday, having the right rewards credit card can really make a difference. It can help your money go further and bring those dreams of sandy beaches and beautiful new places to explore a […]
Financial Services, Industries
June 22, 2023
Via: ABC NewsThe average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale. Mortgage buyer […]
Financial Services, Industries
June 2, 2023
Via: ABC NewsCustomers of Chase’s online banking services were seeing double transactions, fees and/or payments in their accounts, with the situation not immediately being resolved as of late morning on Friday. Numerous Chase customers were posting on social media that their rent […]
Financial Services, Industries
April 14, 2023
Via: The Wall Street JournalA Federal Reserve official said he was prepared to approve another interest-rate increase because recent banking-system stresses haven’t produced a significant pullback in lending while high inflation remains supported by strong growth. “Monetary policy needs to be tightened further,” Fed […]
Financial Services, Industries
March 31, 2023
Via: CNBCEurope learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists and policymakers say. A central theme at the Ambrosetti Forum in Italy on Thursday and […]
Financial Services, Industries
March 24, 2023
Via: ABC NewsShares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through […]
Financial Services, Industries
March 16, 2023
Via: CNBCFinancial institutions took billions in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis of confidence and liquidity, the central bank reported Thursday. Utilizing tools the Fed rolled out Sunday, banks looking for […]