Category: Regulations

April 30, 2020

The UK challenger bank published the job listing on its career page, first spotted by AltFi. The job advert further supports reports by The Sunday Times last month that the fintech is gearing up to apply for a UK banking […]

April 28, 2020

The Trump administration will audit small-business loans above $2 million, U.S. Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash. “It’s the borrowers who have criminal liability” if they made […]

April 13, 2020

Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis. In a 2-1 […]

April 8, 2020

The Federal Reserve is lifting the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s business lending programs. In a move that was expected, the central bank said Wells will have to return […]

March 26, 2020

Regulators are pushing for banks, credit unions and savings associations to provide consumers and small businesses with loans to help offset the financial burden caused by the coronavirus national emergency. The Board of Governors of the Federal Reserve System, Consumer […]

March 11, 2020

The leaders of the biggest U.S. banks are scheduled to meet with President Donald Trump on Wednesday afternoon as the U.S. government grapples with the spread of the coronavirus. CEOs expected to attend the 3 p.m. ET event include Brian […]

March 5, 2020

The Bank of Japan (BoJ), European Central Bank (ECB), UK’s Financial Conduct Authority (FCA) and the US Federal Reserve have all announced a range of measures that target the economic and operational risks the virus poses. “The coronavirus outbreak is […]

January 24, 2020

Seven other former Wells Fargo executives were reprimanded by the Office of the Comptroller of the Currency (OCC), tallying fines with Stumpf which collectively come to at least $59 million. Stumpf agreed to his settlement alongside two other executives, having […]

January 20, 2020

Cashaa’s mission is to help crypto businesses get access to banking who have always struggled with traditional banks. Finally, in 2019, it started its operations in partnership with an FCA regulated entity intending to become the go-to banking services provider […]

January 16, 2020

In what is being billed as a push to reduce risk in the financial sector and encourage new entrants into the marketplace, the new rules could allow existing foreign companies in China – Like HSBC and Standard Chartered – to […]