Big Banks Quietly Prepare for Catastrophic WarmingWall Street institutions acknowledge failure to limit global warming to 2 degrees Celsius, preparing for a future of severe climate impacts.
Major banks are abandoning their climate alliance en masse. So much for woke capital' | Adrienne BullerMajor US banks are withdrawing from climate commitments, signaling a political shift away from climate-focused finance efforts.
The Fed's End-Run Around Democracy to Promote Green PoliciesThe Federal Reserve is pushing green policies on American banks through Climate Stress Tests and Climate Risk Management.
4 of Canada's biggest banks leave Mark Carney-led climate initiative | CBC NewsSeveral major Canadian banks have exited the UN-backed Net-Zero Banking Alliance, seeking self-reliance for climate strategies amid political pressures.
Big Banks Quietly Prepare for Catastrophic WarmingWall Street institutions acknowledge failure to limit global warming to 2 degrees Celsius, preparing for a future of severe climate impacts.
Major banks are abandoning their climate alliance en masse. So much for woke capital' | Adrienne BullerMajor US banks are withdrawing from climate commitments, signaling a political shift away from climate-focused finance efforts.
The Fed's End-Run Around Democracy to Promote Green PoliciesThe Federal Reserve is pushing green policies on American banks through Climate Stress Tests and Climate Risk Management.
4 of Canada's biggest banks leave Mark Carney-led climate initiative | CBC NewsSeveral major Canadian banks have exited the UN-backed Net-Zero Banking Alliance, seeking self-reliance for climate strategies amid political pressures.
The big boys want in on crypto, tooFinancial institutions are increasingly investing in and developing their own stablecoins, showing a significant shift towards integrating crypto into traditional finance.
Why Young 'Next Gen' Entrepreneurs Want Innovation and Personal Banking | EntrepreneurNext Gen SMBs prioritize innovation and diverse banking tools, marking a shift in business strategies.
Developer security best practices for FinServFinancial institutions must balance innovation with stringent security to safeguard sensitive data.
Inside 8 innovative technology projects on Wall Street, from Blackstone to Goldman SachsGenerative AI and data initiatives are key to innovation and risk assessment in financial institutions.
The big boys want in on crypto, tooFinancial institutions are increasingly investing in and developing their own stablecoins, showing a significant shift towards integrating crypto into traditional finance.
Why Young 'Next Gen' Entrepreneurs Want Innovation and Personal Banking | EntrepreneurNext Gen SMBs prioritize innovation and diverse banking tools, marking a shift in business strategies.
Developer security best practices for FinServFinancial institutions must balance innovation with stringent security to safeguard sensitive data.
Inside 8 innovative technology projects on Wall Street, from Blackstone to Goldman SachsGenerative AI and data initiatives are key to innovation and risk assessment in financial institutions.
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.
The CFPB drops its lawsuit against Capital One, marking a major reversalCFPB dropped significant legal cases, indicating a notable shift in its approach toward financial institutions under the current administration.
A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customersOverdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.
The CFPB drops its lawsuit against Capital One, marking a major reversalCFPB dropped significant legal cases, indicating a notable shift in its approach toward financial institutions under the current administration.
A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customersOverdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.
The Next Decade, Part 3: The Road Blocks(And Roads Around?)Banks will likely begin to offer Bitcoin custody and account services as they adapt to emerging financial technologies.
Governments and banks once mocked Bitcoin. Now they want in on itBitcoin's value has surged dramatically, attracting serious consideration from governments and financial institutions due to its significant growth and potential.
The Paradox of the Bitcoin MaximalistBitcoin's original purpose of decentralization is increasingly compromised by institutional involvement and concentration of ownership.
Opinion | Don't Get Fooled Again by CryptoCrypto gaining mainstream acceptance with high Bitcoin prices and loosened investment rules.
Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens VetoSenate passed legislation to overturn SEC's SAB 121, enabling highly regulated financial firms to custody cryptocurrencies despite potential veto by President Biden.
No, BlackRock Can't Change BitcoinBlackRock's comments about Bitcoin's supply cap are overstated; the cap is fundamental and cannot be changed despite any legal disclaimers.
The Next Decade, Part 3: The Road Blocks(And Roads Around?)Banks will likely begin to offer Bitcoin custody and account services as they adapt to emerging financial technologies.
Governments and banks once mocked Bitcoin. Now they want in on itBitcoin's value has surged dramatically, attracting serious consideration from governments and financial institutions due to its significant growth and potential.
The Paradox of the Bitcoin MaximalistBitcoin's original purpose of decentralization is increasingly compromised by institutional involvement and concentration of ownership.
Opinion | Don't Get Fooled Again by CryptoCrypto gaining mainstream acceptance with high Bitcoin prices and loosened investment rules.
Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens VetoSenate passed legislation to overturn SEC's SAB 121, enabling highly regulated financial firms to custody cryptocurrencies despite potential veto by President Biden.
No, BlackRock Can't Change BitcoinBlackRock's comments about Bitcoin's supply cap are overstated; the cap is fundamental and cannot be changed despite any legal disclaimers.
AI-created disinformation could bring down banksAI-generated disinformation poses a serious risk to financial stability, potentially triggering bank runs.
Wallets, Rails, and Coins: Payments executives on how to push the industry forward in the era of real time - TearsheetCollaboration in the payments industry has evolved, driving innovation and consumer-focused solutions that enhance financial services.
AI-created disinformation could bring down banksAI-generated disinformation poses a serious risk to financial stability, potentially triggering bank runs.
Wallets, Rails, and Coins: Payments executives on how to push the industry forward in the era of real time - TearsheetCollaboration in the payments industry has evolved, driving innovation and consumer-focused solutions that enhance financial services.
Discover the Collaborative Efforts to Combat Zelle Scams: Banks and Tech | HackerNoonZelle scams are a serious issue despite low reported fraud rates, prompting discussions on banks improving consumer protection.
CEO Jamie Dimon: 'Time to Fight Back' Against Federal Rules | EntrepreneurJamie Dimon of JPMorgan Chase advocates against overlapping federal regulations, claiming they harm lower-income individuals and create unfair burdens for banks.
Discover the Collaborative Efforts to Combat Zelle Scams: Banks and Tech | HackerNoonZelle scams are a serious issue despite low reported fraud rates, prompting discussions on banks improving consumer protection.
CEO Jamie Dimon: 'Time to Fight Back' Against Federal Rules | EntrepreneurJamie Dimon of JPMorgan Chase advocates against overlapping federal regulations, claiming they harm lower-income individuals and create unfair burdens for banks.
It looks like JPMorgan Chase is going full return-to-officeJPMorgan Chase is ending its hybrid work model, requiring all employees to return to the office full-time.
Citigroup bucks 'return to office' trend by committing to hybrid workingCitigroup supports hybrid work, allowing remote days while competitors push for full return to office.
It looks like JPMorgan Chase is going full return-to-officeJPMorgan Chase is ending its hybrid work model, requiring all employees to return to the office full-time.
Citigroup bucks 'return to office' trend by committing to hybrid workingCitigroup supports hybrid work, allowing remote days while competitors push for full return to office.
Protecting financial institutions in the era of AI-driven threatsAI is enhancing the sophistication of ransomware attacks, especially in the financial sector.Spear phishing using AI is increasing vulnerabilities in financial organizations.The use of deepfakes represents a new level of threat in cyber attacks.
Banking details of 30 million Santander customers exposed during breach allegedly up for sale on the dark webThe aftermath of a major data breach at Santander involves the alleged sale of customer and staff information, prompting the need for increased security measures within financial institutions.
Fidelity Investments data breach impacts more than 77,000 customersFidelity Investments experienced a data breach impacting over 77,000 customers due to security misconfigurations allowing unauthorized access to accounts.
Ransomware attacks on financial sector targeted in House billLegislation proposes enhanced coordination between public and private sectors to combat ransomware attacks in financial institutions.
Phishing tax scams increase as tax deadlines approachThere is a rise in tax-related phishing scams targeting individuals by impersonating financial institutions and tax agencies during tax season.
Indian online ID verification firm Signzy confirms security incident | TechCrunchSignzy confirmed a security incident involving a cyberattack that raised concerns over customers' data safety. CERT-In is involved in the oversight.
Protecting financial institutions in the era of AI-driven threatsAI is enhancing the sophistication of ransomware attacks, especially in the financial sector.Spear phishing using AI is increasing vulnerabilities in financial organizations.The use of deepfakes represents a new level of threat in cyber attacks.
Banking details of 30 million Santander customers exposed during breach allegedly up for sale on the dark webThe aftermath of a major data breach at Santander involves the alleged sale of customer and staff information, prompting the need for increased security measures within financial institutions.
Fidelity Investments data breach impacts more than 77,000 customersFidelity Investments experienced a data breach impacting over 77,000 customers due to security misconfigurations allowing unauthorized access to accounts.
Ransomware attacks on financial sector targeted in House billLegislation proposes enhanced coordination between public and private sectors to combat ransomware attacks in financial institutions.
Phishing tax scams increase as tax deadlines approachThere is a rise in tax-related phishing scams targeting individuals by impersonating financial institutions and tax agencies during tax season.
Indian online ID verification firm Signzy confirms security incident | TechCrunchSignzy confirmed a security incident involving a cyberattack that raised concerns over customers' data safety. CERT-In is involved in the oversight.
Television reviews: On the trail of Celtic Tiger lawyer Michael Lynn and the stories of the victims who he left behindMichael Lynn's story captivates due to its dramatic elements and the high stakes involved in his criminal activities.
A rapid-fire round through the year's hottest 10-Q stories - TearsheetSmall business owners exhibit resilience and adaptability, utilizing effective strategies to manage stress and improve their business operations.
'The confirmation of the transaction is just as important as the underlying transaction': Truist's Chris Ward on how to simplify global transactions for SMBs - TearsheetSMBs are expanding globally, facing challenges with international payments, while seeking better, more convenient digital solutions due to frustrations with traditional banking.
A rapid-fire round through the year's hottest 10-Q stories - TearsheetSmall business owners exhibit resilience and adaptability, utilizing effective strategies to manage stress and improve their business operations.
'The confirmation of the transaction is just as important as the underlying transaction': Truist's Chris Ward on how to simplify global transactions for SMBs - TearsheetSMBs are expanding globally, facing challenges with international payments, while seeking better, more convenient digital solutions due to frustrations with traditional banking.
Drug testing at big banks, from Bank of America to JPMorganWall Street banks have relaxed drug testing for applicants but still impose restrictions based on impairment and legal requirements.
Bank of America (BAC) Price Prediction and ForecastBank of America faces multiple challenges, including stock sell-offs by major investors, regulatory compliance issues, and high interest rates affecting its lending capabilities.
Bank of America (BAC) Price Prediction and ForecastBank of America, a leading financial institution, faces multiple challenges including internal shakeups and strict regulatory pressures that impact its stock performance.
Bank of America (BAC) Price Prediction and ForecastBank of America, despite significant challenges, remains a dominant institution but faces hurdles from regulations and market conditions.
Bank of America (BAC) Price Prediction and ForecastBank of America faces multiple challenges, including stock sell-offs by major investors, regulatory compliance issues, and high interest rates affecting its lending capabilities.
Bank of America (BAC) Price Prediction and ForecastBank of America, a leading financial institution, faces multiple challenges including internal shakeups and strict regulatory pressures that impact its stock performance.
Bank of America (BAC) Price Prediction and ForecastBank of America, despite significant challenges, remains a dominant institution but faces hurdles from regulations and market conditions.
Bank leaders want to see results from AI investments. Here's what McKinsey says will separate the winners and the losers.The main challenge for banks is transitioning from AI experimentation to achieving tangible returns on investment.
How to serve SMBs that are short on time and long on problems feat. Mark Valentino, Head of Business Banking, Citizens - TearsheetSMBs demand distinct banking services beyond personal accounts, urging banks to innovate.Listening to client feedback is crucial for banks to tailor solutions for SMBs.
Bank leaders want to see results from AI investments. Here's what McKinsey says will separate the winners and the losers.The main challenge for banks is transitioning from AI experimentation to achieving tangible returns on investment.
How to serve SMBs that are short on time and long on problems feat. Mark Valentino, Head of Business Banking, Citizens - TearsheetSMBs demand distinct banking services beyond personal accounts, urging banks to innovate.Listening to client feedback is crucial for banks to tailor solutions for SMBs.
Muslim charities face discrimination as Palestinians are desperate for aidFinancial institutions' de-risking practices disproportionately affect Muslim and immigrant businesses, limiting their access to critical banking services.
Tens of thousands of mortgage customers to be compensated after being overcharged interest on loansUlster Bank will notify customers regarding a mortgage system error that resulted in wrongful charges.
Debunking 'Dumb Customer' Myth: What's Wrong with Digital Banking UXComplex digital banking interfaces cause user dissatisfaction; poor UX design often blamed for customer complaints.
'If banks are only investing in the experience layer but the foundational tech is archaic, we're going to have a hard time creating integrated experiences': U.S. Bank's Scott Beyer - TearsheetSMBs anticipate revenue growth, but face challenges like time constraints and supply chain issues. Financial institutions can help by enhancing technology and user experiences.
Debunking 'Dumb Customer' Myth: What's Wrong with Digital Banking UXComplex digital banking interfaces cause user dissatisfaction; poor UX design often blamed for customer complaints.
'If banks are only investing in the experience layer but the foundational tech is archaic, we're going to have a hard time creating integrated experiences': U.S. Bank's Scott Beyer - TearsheetSMBs anticipate revenue growth, but face challenges like time constraints and supply chain issues. Financial institutions can help by enhancing technology and user experiences.
Case Study: How innovative startups outsmart partnership hurdles, and the role consultants play in their success - TearsheetPartnerships between financial institutions and startups are crucial for growth but require careful navigation of potential pitfalls.
OpenAI plans to offer its 250 million ChaptGPT users even more servicesOpenAI's user growth is impressive, with 250 million active weekly users, mostly from consumer subscriptions.
Gold Just Hit Its Highest Price Ever. It Might Not Stop.Gold has re-emerged as a significant investment and cultural symbol, attracting both seasoned and new investors in the U.S.
Building for SMBs means building for communities feat. Mastercard - TearsheetAccess to credit is critical for the growth of small and medium-sized businesses (SMBs) which account for significant portions of employment and GDP.
Israel attacks branches of Hezbollah-linked finance group in LebanonIsrael is expanding its air strikes in Lebanon targeting financial institutions linked to Hezbollah.
Commvault and Pure Storage collaborate on meeting DORA requirementsCommvault and Pure Storage enable EU financial institutions to comply with DORA through integrated data protection and recovery solutions.
Data breach of Fidelity leaks 77,000 customers' personal dataAnother significant data breach occurred at Fidelity Investments, impacting thousands of customers' personal data.
JPMorgan Fixes Security Flaw, Affects 450K Retirement Plans | EntrepreneurJPMorgan fixed a software issue that allowed unauthorized access to retirement plan records.
Data breach of Fidelity leaks 77,000 customers' personal dataAnother significant data breach occurred at Fidelity Investments, impacting thousands of customers' personal data.
JPMorgan Fixes Security Flaw, Affects 450K Retirement Plans | EntrepreneurJPMorgan fixed a software issue that allowed unauthorized access to retirement plan records.
Creators need more than views-they need better financial tools - TearsheetTraditional banks are missing opportunities in the creator economy due to their lack of understanding.Creators' diverse income streams make traditional banking products inadequate for their needs.
Homeowners will no longer need to do stress test when switching mortgage providers | CBC NewsOSFI will no longer require uninsured mortgage borrowers to undergo a stress test when switching providers.
A strategic approach to meeting the newest PCI requirements in a cloud-driven worldOrganizations need to streamline compliance processes due to the complex challenges posed by PCI DSS 4.0 and increased reliance on cloud computing.
A strategic approach to meeting the newest PCI requirements in a cloud-driven worldThe shift to cloud computing complicates PCI compliance for organizations.PCI DSS 4.0 requires more streamlined and effective compliance strategies.Remote work increases complexities in IT environments.
A strategic approach to meeting the newest PCI requirements in a cloud-driven worldOrganizations need to streamline compliance processes due to the complex challenges posed by PCI DSS 4.0 and increased reliance on cloud computing.
A strategic approach to meeting the newest PCI requirements in a cloud-driven worldThe shift to cloud computing complicates PCI compliance for organizations.PCI DSS 4.0 requires more streamlined and effective compliance strategies.Remote work increases complexities in IT environments.
API and data security remain top threatsFinancial institutions face challenges in compliance and understanding API activity, making them vulnerable to threats and breaches.
French firm Dotfile secures 6M - Silicon CanalsDotfile has raised €6M for expanding its operations and R&D, aiming to transform compliance in financial institutions through AI.
API and data security remain top threatsFinancial institutions face challenges in compliance and understanding API activity, making them vulnerable to threats and breaches.
French firm Dotfile secures 6M - Silicon CanalsDotfile has raised €6M for expanding its operations and R&D, aiming to transform compliance in financial institutions through AI.
Cardholders are expecting more from their digital banking. What will it take us to get there?: 5 questions with Mastercard's Melanie Fuller - TearsheetFinancial institutions must adapt creatively to evolving online customer expectations and improve digital banking experiences, especially in post-purchase workflows.
These are the best CD rates in Florida todayRising interest rates are beneficial for savers, especially when using certificates of deposit (CDs) to maximize earnings.
Cash-loving Swiss reluctantly move toward a cashless future as instant payments launchSwitzerland's instant payment system launch will significantly enhance cashless transactions across the country.
The way financial institutions affect the crypto market - London Business News | Londonlovesbusiness.comThe involvement of financial institutions is reshaping the cryptocurrency market, increasing stability and enhancing credibility.
BlackRock, Ondo, Superstate: The Biggest Movers in the RWA Sector in Q1RWAs are traditional financial assets tokenized for DeFi, enabling broader liquidity and innovative products.
The way financial institutions affect the crypto market - London Business News | Londonlovesbusiness.comThe involvement of financial institutions is reshaping the cryptocurrency market, increasing stability and enhancing credibility.
BlackRock, Ondo, Superstate: The Biggest Movers in the RWA Sector in Q1RWAs are traditional financial assets tokenized for DeFi, enabling broader liquidity and innovative products.
77% of Consumers Expect Banks to Use AI to Fight FraudAI plays a crucial role in enhancing security and efficiency of real-time payments.
Moving beyond 'receive only': What banks can do today to embrace real time payments - TearsheetFinancial institutions face challenges in implementing real-time transactions due to core system limitations and lack of overarching strategy.Balance between speed in instant payments and robust security measures is crucial for banks, along with factors like fraud prevention for consumer/business adoption.
77% of Consumers Expect Banks to Use AI to Fight FraudAI plays a crucial role in enhancing security and efficiency of real-time payments.
Moving beyond 'receive only': What banks can do today to embrace real time payments - TearsheetFinancial institutions face challenges in implementing real-time transactions due to core system limitations and lack of overarching strategy.Balance between speed in instant payments and robust security measures is crucial for banks, along with factors like fraud prevention for consumer/business adoption.
The Dark Side of Digital Currency: Money Laundering on the Dark Web | HackerNoonThe Dark Web facilitates money laundering using cryptocurrencies, posing challenges for law enforcement and financial institutions.
Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to SoarInvestors may consider interest rate-sensitive stocks in anticipation of potential rate cuts and economic conditions improvement.
How to Implement Real-Time Credit Card Fraud Detection With Apache Flink on AWS | HackerNoonReal-time fraud detection using Apache Flink on AWS is crucial for financial institutions to prevent credit card fraud efficiently.
Spot Ethereum ETFs Set to Launch in US on July 23The SEC has approved spot Ethereum ETFs to trade in the US from July 23, 2024, attracting significant financial institutions and market interest.
Top 8 AI and Blockchain Funds Favourite-d by Savvy Investors | HackerNoonAI and blockchain-focused funds are trending due to lower fees and rising popularityThe approval of Bitcoin and Ether ETFs has led to significant capital inflowsInvestors should focus on due diligence when investing in AI and blockchain funds
Spot Ethereum ETFs Set to Launch in US on July 23The SEC has approved spot Ethereum ETFs to trade in the US from July 23, 2024, attracting significant financial institutions and market interest.
Top 8 AI and Blockchain Funds Favourite-d by Savvy Investors | HackerNoonAI and blockchain-focused funds are trending due to lower fees and rising popularityThe approval of Bitcoin and Ether ETFs has led to significant capital inflowsInvestors should focus on due diligence when investing in AI and blockchain funds
Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBCMorgan Stanley financial advisers can offer bitcoin ETFs to wealthy clients, responding to client demand.
$1.5 Trillion Wall Street Giant Morgan Stanley Buys Bitcoin ETF ExposureMajor US financial institutions significantly investing in Bitcoin via spot ETFs, led by firms like Morgan Stanley with $269.9 million in GBTC.
Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC FilingWells Fargo disclosed exposure to spot Bitcoin ETFs, indicating institutional interest in Bitcoin market.
Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBCMorgan Stanley financial advisers can offer bitcoin ETFs to wealthy clients, responding to client demand.
$1.5 Trillion Wall Street Giant Morgan Stanley Buys Bitcoin ETF ExposureMajor US financial institutions significantly investing in Bitcoin via spot ETFs, led by firms like Morgan Stanley with $269.9 million in GBTC.
Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC FilingWells Fargo disclosed exposure to spot Bitcoin ETFs, indicating institutional interest in Bitcoin market.
China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returnedTrade payments between Russia and China face significant delays and bouncebacks, impacting Russian businesses.
There's No Guarantee AI Will Ever Be ProfitableSilicon Valley is investing trillions in AI with uncertain profitability.
White House Pushes Tech Industry to Shut Down Market for Sexually Abusive AI DeepfakesPresident Biden's administration is urging tech and financial sectors to combat AI-generated abusive sexual images. Companies' voluntary cooperation is sought to address spread and monetization.
There's No Guarantee AI Will Ever Be ProfitableSilicon Valley is investing trillions in AI with uncertain profitability.
White House Pushes Tech Industry to Shut Down Market for Sexually Abusive AI DeepfakesPresident Biden's administration is urging tech and financial sectors to combat AI-generated abusive sexual images. Companies' voluntary cooperation is sought to address spread and monetization.
Standard Chartered-Backed Zodia Custody Partners with Crypto Lending Firm Maple FinanceZodia Custody partners with Maple Finance for secure collateral holding and crypto lending services.
Black Banx's commitment to green banking - London Business News | Londonlovesbusiness.comGreen banking focuses on integrating environmental and social considerations into banking operations for sustainability and responsible practices.
New SEC requirements give institutions 30 days to disclose security incidentsSEC mandates disclosure of security breaches by financial institutions within 30 days to protect customer data.
BBVA-Sabadell merger plans aided by ECB's policy of creating European championsThe ECB encourages bank consolidation to ensure the solvency of financial institutions.
Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and BinanceNigeria's Central Bank directs financial institutions to identify and cease transactions with Bitmex, KuCoin, OKX, and Binance.
Ottawa to force banks to use carbon rebate label for direct deposits | CBC NewsCanadian banks must identify carbon rebates accurately in deposits; government amending laws to enforce this.