We wrap up what happened at last week’s Wealth Management Transformation Summit session on ESG in London.
A bank board member deemed US banks “fickle and profit-driven,” and promoted the use of European lenders.
Atom will delay its IPO, but 2023 will bring increased pressure as both firms seek to grow their lending platforms.
As lawmaker pressure mounts, JPMorgan and other major banks are said to be devising a plan that would reimburse Zelle fraud victims.
Lawmakers are questioning why the online bank is offering new digital asset services when it should be winding them down.
Neither firm commented on why the deal won’t go through, but JPMorgan said it may be revived at a later time.
As economic pressures weigh down on consumers, 20% plan to use BNPL to help stretch their holiday budgets, per TSG and ETA.
What the IPO backlog and tumbling valuations mean for fintechs: More down rounds and private equity buyouts could be on the way.
The FCA has cautioned that trading apps’ gamification can lead to “gambling-like behaviors” in amateur investors.