Chokepoint 2.0: An Investigation Promises the Truth About Crypto's Biggest ConspiracyThe US banking system's treatment of cryptocurrency professionals indicates systemic issues that may hinder the industry's growth.
TD Bank, Flagstar Bank closing dozens of US branchesTD Bank is closing 38 branches for business optimization.Flagstar Bank is also reducing its retail footprint in a strategic move.
Citi, HSBC, Morgan Stanley and RBC fined 100m after traders revealed sensitive information - London Business News | Londonlovesbusiness.comSpeaking of accountability, major banks face significant penalties for insider trading practices, reinforcing the need for robust compliance in financial markets.
Rising demand for hyper-personalization in digital financeThe financial services industry is becoming fragmented with increased consumer choice and competition, which challenges brand differentiation and customer loyalty.
Are online bank accounts better than traditional ones? - London Business News | Londonlovesbusiness.comModern banking has evolved with technology, offering both online and traditional services.The best banking option depends on user preferences and financial goals.Online accounts provide convenience while traditional accounts offer personal service.
The Quarterly Review: How Zelle's GM Denise Leonhard plans on leading the firm to $1 trillion dollars in total transactions - TearsheetZelle is on track to exceed $1 trillion in transaction volume by 2025 through a focus on consumer experience and network growth.
Chokepoint 2.0: An Investigation Promises the Truth About Crypto's Biggest ConspiracyThe US banking system's treatment of cryptocurrency professionals indicates systemic issues that may hinder the industry's growth.
TD Bank, Flagstar Bank closing dozens of US branchesTD Bank is closing 38 branches for business optimization.Flagstar Bank is also reducing its retail footprint in a strategic move.
Citi, HSBC, Morgan Stanley and RBC fined 100m after traders revealed sensitive information - London Business News | Londonlovesbusiness.comSpeaking of accountability, major banks face significant penalties for insider trading practices, reinforcing the need for robust compliance in financial markets.
Rising demand for hyper-personalization in digital financeThe financial services industry is becoming fragmented with increased consumer choice and competition, which challenges brand differentiation and customer loyalty.
Are online bank accounts better than traditional ones? - London Business News | Londonlovesbusiness.comModern banking has evolved with technology, offering both online and traditional services.The best banking option depends on user preferences and financial goals.Online accounts provide convenience while traditional accounts offer personal service.
The Quarterly Review: How Zelle's GM Denise Leonhard plans on leading the firm to $1 trillion dollars in total transactions - TearsheetZelle is on track to exceed $1 trillion in transaction volume by 2025 through a focus on consumer experience and network growth.
Exclusive: After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEOVaro has raised $29 million of its targeted $55 million Series G funding amidst leadership changes and fundraising challenges.
How banks can stay relevant, not relics: Lessons from BNY & Citi - TearsheetTraditional banks must innovate or risk obsolescence.BNY Mellon is leveraging AI to modernize its operations.
Cupid's Got a Ledger: Romance and rivalry in finance - TearsheetBanks and fintechs are shifting from rivalry to collaboration, recognizing mutual strengths.
Zeta valued at $2B in new funding | TechCrunchZeta raised $50 million, increasing its valuation by 70% to $2 billion, focusing on modernizing banking technology for financial institutions.
Charlie Javice verdict: Frank founder is guilty in $175M defrauding of JPMorgan ChaseCharlie Javice was found guilty of defrauding JPMorgan Chase by providing false student data to secure a $175 million acquisition.
Galoy Launches Bitcoin-Backed Loan Software, Sets Groundwork For Open-Source BankingGaloy's new software, Lana, allows banks to offer bitcoin-backed loans, potentially lowering borrowing costs as more institutions join the market.
Exclusive: After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEOVaro has raised $29 million of its targeted $55 million Series G funding amidst leadership changes and fundraising challenges.
How banks can stay relevant, not relics: Lessons from BNY & Citi - TearsheetTraditional banks must innovate or risk obsolescence.BNY Mellon is leveraging AI to modernize its operations.
Cupid's Got a Ledger: Romance and rivalry in finance - TearsheetBanks and fintechs are shifting from rivalry to collaboration, recognizing mutual strengths.
Zeta valued at $2B in new funding | TechCrunchZeta raised $50 million, increasing its valuation by 70% to $2 billion, focusing on modernizing banking technology for financial institutions.
Charlie Javice verdict: Frank founder is guilty in $175M defrauding of JPMorgan ChaseCharlie Javice was found guilty of defrauding JPMorgan Chase by providing false student data to secure a $175 million acquisition.
Galoy Launches Bitcoin-Backed Loan Software, Sets Groundwork For Open-Source BankingGaloy's new software, Lana, allows banks to offer bitcoin-backed loans, potentially lowering borrowing costs as more institutions join the market.
Citi accidentally credits client account with $81 trillion: FTCitigroup mistakenly credited $81 trillion to an account, but the error was quickly identified and rectified.
Stanchart boss earns 13m bonus - that is 35,000 times more than average UK pay - London Business News | Londonlovesbusiness.comBill Winters is set to earn a £13.1m bonus, significantly exceeding average UK salary.
Homestreet enters agreement to merge with Mechanics BankThe merger between Mechanics Bank and HomeStreet creates a significant financial institution with vast West Coast presence and new opportunities.
Are banks and fintechs stablecoin skeptics or undercover believers? - TearsheetStablecoins are rapidly gaining traction in traditional finance, demonstrating potential advantages over conventional banking.
Non-sufficient funds fee will be limited to $10 in Canada starting next year | CBC NewsTrudeau's government capped bank NSF fees at $10, aiming to relieve financial strain on Canadians.
Santander to close another 95 branches, putting 750 jobs at riskThe Independent supports accessible journalism amidst significant current events.Santander UK's branch closures reflect a shift towards adapting banking services to modern customer behavior.
Citi accidentally credits client account with $81 trillion: FTCitigroup mistakenly credited $81 trillion to an account, but the error was quickly identified and rectified.
Stanchart boss earns 13m bonus - that is 35,000 times more than average UK pay - London Business News | Londonlovesbusiness.comBill Winters is set to earn a £13.1m bonus, significantly exceeding average UK salary.
Homestreet enters agreement to merge with Mechanics BankThe merger between Mechanics Bank and HomeStreet creates a significant financial institution with vast West Coast presence and new opportunities.
Are banks and fintechs stablecoin skeptics or undercover believers? - TearsheetStablecoins are rapidly gaining traction in traditional finance, demonstrating potential advantages over conventional banking.
Non-sufficient funds fee will be limited to $10 in Canada starting next year | CBC NewsTrudeau's government capped bank NSF fees at $10, aiming to relieve financial strain on Canadians.
Santander to close another 95 branches, putting 750 jobs at riskThe Independent supports accessible journalism amidst significant current events.Santander UK's branch closures reflect a shift towards adapting banking services to modern customer behavior.
State gets first new overseas bank in 20 years in challenge to the big twoAvant Money is the first fully-fledged bank in Ireland since 2005, bringing new competition to the banking market.
Trump falsely says U.S. banks aren't allowed to do business in Canada. What does he mean? | CBC NewsDonald Trump's claim that U.S. banks can't operate in Canada is false; several do, but competition holds them back.
State gets first new overseas bank in 20 years in challenge to the big twoAvant Money is the first fully-fledged bank in Ireland since 2005, bringing new competition to the banking market.
Trump falsely says U.S. banks aren't allowed to do business in Canada. What does he mean? | CBC NewsDonald Trump's claim that U.S. banks can't operate in Canada is false; several do, but competition holds them back.
Waterfall of fees': Schumer warns of consequences of GOP effort to dismantle Consumer Financial Protection Bureau | amNewYorkSenator Chuck Schumer warns against GOP plans to overturn CFPB's overdraft fee rule, potentially costing Americans millions in higher fees.
These banks stand to be the biggest winners of the Senate's decision on overdraft feesThe Senate voted against a rule limiting bank overdraft fees, potentially increasing fees back to $5.
Waterfall of fees': Schumer warns of consequences of GOP effort to dismantle Consumer Financial Protection Bureau | amNewYorkSenator Chuck Schumer warns against GOP plans to overturn CFPB's overdraft fee rule, potentially costing Americans millions in higher fees.
These banks stand to be the biggest winners of the Senate's decision on overdraft feesThe Senate voted against a rule limiting bank overdraft fees, potentially increasing fees back to $5.
Javice found guilty of defrauding JPMorgan in $175M startup purchase | TechCrunchCharlie Javice was found guilty of defrauding JP Morgan by inflating her startup Frank's customer numbers.
Exclusive: Audio reveals Ohtani's former interpreter impersonating Dodgers star in call with bankIppei Mizuhara attempted to defraud Shohei Ohtani by misusing bank protocols, leading to serious legal consequences.
Javice found guilty of defrauding JPMorgan in $175M startup purchase | TechCrunchCharlie Javice was found guilty of defrauding JP Morgan by inflating her startup Frank's customer numbers.
Exclusive: Audio reveals Ohtani's former interpreter impersonating Dodgers star in call with bankIppei Mizuhara attempted to defraud Shohei Ohtani by misusing bank protocols, leading to serious legal consequences.
FDIC Says Banks Can Engage In Bitcoin And Crypto Without Prior ApprovalThe FDIC has lifted pre-approval requirements for banks to engage in bitcoin and crypto activities, promoting a more accessible regulatory environment.
Feds will soon loosen tough stance on digital assets as Trump embraces cryptoRegulatory attitudes towards digital assets are expected to soften under President Trump's influence.Major banks anticipate engaging more actively with crypto clients and related services.
FDIC Says Banks Can Engage In Bitcoin And Crypto Without Prior ApprovalThe FDIC has lifted pre-approval requirements for banks to engage in bitcoin and crypto activities, promoting a more accessible regulatory environment.
Feds will soon loosen tough stance on digital assets as Trump embraces cryptoRegulatory attitudes towards digital assets are expected to soften under President Trump's influence.Major banks anticipate engaging more actively with crypto clients and related services.
Banks to pay customers millions after month's worth of IT outagesUK banks experienced over 800 hours of tech outages in two years, disrupting customer services, particularly on paydays.
Bank and building society users hit by 33 days of outages in two years, say MPsBanks in the UK experienced over one month of IT failures in two years, impacting customer access to services.
TSB, Lloyds Bank and Halifax customers left unable to access their payday cash - London Business News | Londonlovesbusiness.comA significant banking app outage in the UK affected thousands, highlighting reliance on technology and the need for strong branch networks.
Barclays says payment issues resolved after tech outageBarclays resolved a three-day payment disruption affecting customers, with delayed transactions processed and an apology issued for the inconvenience.
Santander to close nearly 100 branches, putting 750 jobs at riskSantander is closing 95 branches in the UK, risking 750 jobs due to the rise of digital banking.
Bank pays 1,000 over failure to update account details of customer who changed genderBanks accounted for over 50% of complaints to the Financial Services and Pensions Ombudsman last year.
Banks to pay customers millions after month's worth of IT outagesUK banks experienced over 800 hours of tech outages in two years, disrupting customer services, particularly on paydays.
Bank and building society users hit by 33 days of outages in two years, say MPsBanks in the UK experienced over one month of IT failures in two years, impacting customer access to services.
TSB, Lloyds Bank and Halifax customers left unable to access their payday cash - London Business News | Londonlovesbusiness.comA significant banking app outage in the UK affected thousands, highlighting reliance on technology and the need for strong branch networks.
Barclays says payment issues resolved after tech outageBarclays resolved a three-day payment disruption affecting customers, with delayed transactions processed and an apology issued for the inconvenience.
Santander to close nearly 100 branches, putting 750 jobs at riskSantander is closing 95 branches in the UK, risking 750 jobs due to the rise of digital banking.
Bank pays 1,000 over failure to update account details of customer who changed genderBanks accounted for over 50% of complaints to the Financial Services and Pensions Ombudsman last year.
Cambridge Wilkinson to launch $100M private lending platformPrivate lenders are providing crucial support in a tightening credit environment by adapting lending strategies to fit diverse client needs.
Central Bank governor casts doubt on Government proposals to ease lending rules for developersBanks are well capitalised and capable of increasing lending, expert advises Government to assess existing housing interventions first.
Government plans to let developers invest less and borrow more to speed up apartment-buildingThe government seeks to reduce upfront investment for developers to stimulate apartment construction.
Exclusive | Wall Street banker arrested in Midtown rape case loses job offer from top firmWall Street banker Mark Harris lost a job offer following criminal rape charges.Charges against Harris include first-degree rape and have not yet led to indictment.
We moved from the US to Canada 14 years ago. There are a few frustrations and nice surprises I wish we'd known about before we did it.Immigrating to Canada involves navigating expensive flights and complex banking while enjoying its natural beauty.
Hundreds of jobs at risk as Santander plans branch closures - London Business News | Londonlovesbusiness.comSantander UK is closing 95 branches and cutting 750 jobs to adapt to changing customer behavior and enhance digital banking.
Mapped: The 95 Santander branches set to close across the UKThe Independent supports free journalism, providing balanced news coverage during pivotal moments.
HSBC is planning to cut thousands of jobs - here's what you need to know - London Business News | Londonlovesbusiness.comHSBC plans significant job cuts globally as part of a restructuring strategy under new CEO Georges Elhedery.
The south London Santander branches set to close or go counter-freeSantander is closing five branches in south London, part of a larger plan to shut 95 branches nationwide by June 2025.
Santander to shut 95 bank branches this year - see the full listSantander plans to close 95 branches in the UK, risking 750 jobs, to adapt to changing customer behavior towards banking.
Hundreds of jobs at risk as Santander plans branch closures - London Business News | Londonlovesbusiness.comSantander UK is closing 95 branches and cutting 750 jobs to adapt to changing customer behavior and enhance digital banking.
Mapped: The 95 Santander branches set to close across the UKThe Independent supports free journalism, providing balanced news coverage during pivotal moments.
HSBC is planning to cut thousands of jobs - here's what you need to know - London Business News | Londonlovesbusiness.comHSBC plans significant job cuts globally as part of a restructuring strategy under new CEO Georges Elhedery.
The south London Santander branches set to close or go counter-freeSantander is closing five branches in south London, part of a larger plan to shut 95 branches nationwide by June 2025.
Santander to shut 95 bank branches this year - see the full listSantander plans to close 95 branches in the UK, risking 750 jobs, to adapt to changing customer behavior towards banking.
'Tracker' mortgages return 17 years after the Celtic TigerAvant Money's new Flex Mortgage offers transparency and flexibility compared to traditional mortgages.The interest rate of Flex Mortgage is linked to Euribor, plus a set margin, ensuring borrowers have a predictable structure.
Living 82-year-old Social Security recipient erroneously marked as deadBank mistakenly notified woman of husband's death when he is alive, leading to funds being deducted from their account.
Is Cambodia serious about ending organized cyber scams? DW 03/14/2025Huione Pay's banking license was revoked amid allegations of running the world's largest illicit online marketplace involving $24 billion in transactions.
TD Bank is closing dozens of branches across 10 states: Here's the full list of doomed locationsTD Bank to close 37 branches across 10 states and D.C. to streamline operations and adapt to customer habits.
TD Bank to shutter 16 New England branches, including 6 in Mass.TD Bank is closing branches in response to penalties for lax anti-money laundering practices.
TD Bank is closing dozens of branches across 10 states: Here's the full list of doomed locationsTD Bank to close 37 branches across 10 states and D.C. to streamline operations and adapt to customer habits.
TD Bank to shutter 16 New England branches, including 6 in Mass.TD Bank is closing branches in response to penalties for lax anti-money laundering practices.
Not Like Other BanksThe new Bank of America branch attempts to redefine traditional banking aesthetics by integrating community-focused, co-working elements into its design.
Citi snags AI leader from Morgan Stanley to help turn around its wealth techCiti hires Dipendra Malhotra from Morgan Stanley to enhance its wealth technology.The bank aims to improve its struggling wealth management tech platform.
Citi's latest fat-finger blunder: $81 trillionCiti mistakenly credited a client account with $81 trillion instead of $280 million, but no funds were transferred.
Citi snags AI leader from Morgan Stanley to help turn around its wealth techCiti hires Dipendra Malhotra from Morgan Stanley to enhance its wealth technology.The bank aims to improve its struggling wealth management tech platform.
Citi's latest fat-finger blunder: $81 trillionCiti mistakenly credited a client account with $81 trillion instead of $280 million, but no funds were transferred.
Major bank hit by data breach that sees social security numbers leakedBank of America's security breach exposed sensitive customer information due to a third-party vendor's negligence.
City bankers press Reeves to ease non-dom clampdown as wealthy workers exit UKThe end of non-domiciled tax status may drive foreign workers away from the UK economy.
Trump Says US Banks Can't Do Business in Canada. It's Not That Simple.U.S. banks face significant barriers in the Canadian market, prompting President Trump to highlight perceived unfairness in economic relations.
How to build a bank in Civilization 7Building banks boosts your city's gold production significantly.
City bankers press Reeves to ease non-dom clampdown as wealthy workers exit UKThe end of non-domiciled tax status may drive foreign workers away from the UK economy.
Trump Says US Banks Can't Do Business in Canada. It's Not That Simple.U.S. banks face significant barriers in the Canadian market, prompting President Trump to highlight perceived unfairness in economic relations.
How to build a bank in Civilization 7Building banks boosts your city's gold production significantly.
CFPB lets banks off the hook and drops Zelle lawsuitCFPB dismissed lawsuit against Zelle and banks for fraud, preventing consumer restitution.
Inside the Math Banks Use to Decide If You're a Credit Risk | HackerNoonPD models help banks assess the risk of borrower default, crucial for effective credit management.
Oklahoma-based Bank7 acquires First American MortgageBank7 is strategically expanding its mortgage operations in Oklahoma through the acquisition of First American Mortgage, Inc.
Citigroup Credited a Customer $81 Trillion Instead of $280 | EntrepreneurCitigroup mistakenly credited $81 trillion to a customer due to an inputting error, highlighting serious internal control failures.
Lloyds, Halifax and TSB banking apps down, thousands reportThousands of UK banking app users reported significant issues affecting their ability to access online banking.
South London Lloyds Bank branch set to close this yearThe Lloyds Bank branch in Tooting will close on October 8 due to declining in-person transactions as customers transition to mobile banking.
Lloyds, Halifax and TSB banking apps down, thousands reportThousands of UK banking app users reported significant issues affecting their ability to access online banking.
South London Lloyds Bank branch set to close this yearThe Lloyds Bank branch in Tooting will close on October 8 due to declining in-person transactions as customers transition to mobile banking.
Capital One opened a cafe in Columbus Circle that looks just like a bankCapital One has launched over 55 cafes nationwide, blending banking services with coffee shop culture to enhance customer engagement.
10 schemes I tried on my farm - from TAMS to Leader. Were they worth the effort?The allure of financial schemes is often overshadowed by the hassle involved in accessing their benefits.
Job cuts on the way as Bank of Ireland targets efficiency despite 1.9bn profitBank of Ireland aims to reduce staff numbers to create a leaner organization over the next three years.
$100M Debt Tied to Ron Burkle's The Line LA in DefaultCorten Real Estate Partners threatens to sell The Line LA hotel due to a default on a $100 million loan by Ron Burkle's RECP Sydell Wilshire.
Google Wallet now alerts you to loyalty card benefits you're missing out onGoogle Wallet enables contactless payments, storing cards, IDs, and more.Nearly 5,000 banks now support Google Wallet for digital payments.Revamped loyalty card updates optimize user experience.
Here's what's open and closed on Presidents Day 2025Presidents' Day commemorates George Washington and Abraham Lincoln while also serving as a holiday promoting sales and closures for various services.
Kuwait busts large-scale cyber attacksKuwait thwarted significant cyber attacks on telecommunications and banks, resulting in arrests of a gang of Chinese nationals.
Mortgage wars kick-off as banks launch sub-4% dealsMortgage rates below 4 percent offer renewed hope for prospective homebuyers through competitive lending from banks.
Savers get hit again as leading bank cuts its deposit ratesBank of Ireland reduces fixed-term deposit rates following ECB cuts.Existing account holders are unaffected by the recent rate change.New deposit account rates take effect next Tuesday.Similar rate cuts are likely from other banks.
Santander boss issues major update on UK future amid speculation over potential exitSantander will retain its operations in the UK, according to CEO Ana Botin, despite recent concerns about lower profitability.
Mortgage wars kick-off as banks launch sub-4% dealsMortgage rates below 4 percent offer renewed hope for prospective homebuyers through competitive lending from banks.
Savers get hit again as leading bank cuts its deposit ratesBank of Ireland reduces fixed-term deposit rates following ECB cuts.Existing account holders are unaffected by the recent rate change.New deposit account rates take effect next Tuesday.Similar rate cuts are likely from other banks.
Santander boss issues major update on UK future amid speculation over potential exitSantander will retain its operations in the UK, according to CEO Ana Botin, despite recent concerns about lower profitability.
Bitcoin Banks: We Should Build Them OurselvesBitcoin banks will emerge as traditional banks offer Bitcoin services alongside new institution startups.
PTSB to cut 300 jobs under redundancy scheme launched last yearPTSB has launched a voluntary redundancy scheme aimed at potentially reducing its workforce by 300 employees by 2025.
Fact-Checking Trump's Claims After Flurry of Executive ActionsTrump's rationale behind executive orders often relies on misleading claims about immigration and trade policies.U.S. banks have had a significant presence in Canada since 1999, contrary to Trump's assertions.
Is AI your new work buddy or your pink slip in disguise? WEF 2025 Davos has thoughts - TearsheetAI dominated discussions at WEF 2025, shaping the future of industries, governance, and the workforce with both challenges and opportunities.
Bank of America responds publicly to Trump's Davos speech: 'We welcome conservatives'Trump accused banks of discriminating against conservatives, which they denied.Both Bank of America and JPMorgan Chase stated they do not close accounts for political reasons.
Is AI your new work buddy or your pink slip in disguise? WEF 2025 Davos has thoughts - TearsheetAI dominated discussions at WEF 2025, shaping the future of industries, governance, and the workforce with both challenges and opportunities.
Bank of America responds publicly to Trump's Davos speech: 'We welcome conservatives'Trump accused banks of discriminating against conservatives, which they denied.Both Bank of America and JPMorgan Chase stated they do not close accounts for political reasons.
Wall Street trader rates 12 banking and trading scenes in movies and TVJared Dillian rates banking and trading scenes in movies and TV for realism based on his Wall Street experience.
Lloyds Banking Group announces closure of a further 136 branchesLloyds Banking Group will close 136 branches due to increased digital banking use, affecting high street presence and vulnerable customers.
Lloyds, Halifax and Bank of Scotland to close 136 high street bank branchesLloyds Banking Group is closing 136 branches as part of a shift towards digital banking in response to changing customer preferences.
Full list of all the London banks closing down including Lloyds and HalifaxLloyds Banking Group will close numerous branches due to a significant shift towards digital banking services and a decline in physical transactions.
Lloyds Banking Group announces closure of a further 136 branchesLloyds Banking Group will close 136 branches due to increased digital banking use, affecting high street presence and vulnerable customers.
Lloyds, Halifax and Bank of Scotland to close 136 high street bank branchesLloyds Banking Group is closing 136 branches as part of a shift towards digital banking in response to changing customer preferences.
Full list of all the London banks closing down including Lloyds and HalifaxLloyds Banking Group will close numerous branches due to a significant shift towards digital banking services and a decline in physical transactions.
Elon Musk email to X staff: 'we're barely breaking even'X (formerly Twitter) is facing severe revenue challenges and stagnant user growth post-acquisition by Musk.Banks are looking to sell off Musk's debt as losses in equity stakes deepen.Musk's claims of near-term cash-flow positivity remain unfulfilled amidst hefty interest obligations.
Ask Adrian: Apps like Revolut are asking me for identification - could it be a scam?Revolut's requests for identification are legitimate and part of banking regulations, despite concerns about scams.