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Reuters reports the firm outlined a pre-tax loss for the unit, which includes its transaction banking, credit card and fintech businesses, of $1.2 billion for the first nine months of 2022. This follows a $1.05 billion loss in 2021 and […]
January 5, 2023
The agencies say they have “significant safety and soundness concerns” with business models that are concentrated in crypto-asset-related activities or have exposure to the crypto-asset sector. As a result, in a year marked by “significant volatility” in the cryptosphere, the […]
December 28, 2022
Despite the necessity of driving individualised experiences, the banking industry is struggling to keep up with retailers, media and tech companies in delivering these highly tailored interactions and product offerings to their customers. And considering that millennials and Gen Z […]
January 23, 2023
Insurance JournalOn Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of his rural mobile […]
January 23, 2023
FinTech FuturesTypically, they are high-value/high-volume interbank payments. It is this wholesale, interbank foreign exchange (FX) market that provides the fuel and liquidity for domestic and international retail schemes to operate, but in doing so it is open to what’s known as […]
January 20, 2023
YahooU.S. Bank announces the hire of Guillaume Mascotto as the company’s head of Sustainable Finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire enterprise. Based in […]
January 12, 2023
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