Aside from a few New York state regulations, the US is stalling on crypto guidance—and firms are fed up.
The fintech’s CEO blamed bureaucratic watchdogs and the banking crisis, but regulatory concerns are likely why it can’t get a banking license.
Concerns over funding costs, liquidity, and deposit outflows could lead to a credit crunch, according to recent Federal Reserve reports.
Banks are borrowing less from the central bank since First Republic collapsed, signaling stability could be near.
Acquiring a BNPL firm would help Revolut in its journey to becoming a super app
It benefited from increased volume in its key growth categories, like BNPL and Braintree
TD said the Clear card can help consumers facing high interest rates, but it may struggle to prove its competitive advantage
SVB and First Republic Bank failures hit VCs: Small VCs are struggling to get bank loans, delaying startup investments. AI sector risk could make banks wary of the VC climate.
The partnership is part of the BNPL provider’s operational overhaul and pivot to a fully white-label strategy
The insurer’s plan to break HSBC up failed during the bank’s annual general meeting.
Unrealized losses in banks’ bond portfolios and fears of more banking turmoil give shadow banks a chance to make a risky buck.
More than 40% of consumers said they only interact with their banks digitally, and they plan to engage with even more features.
This partnership opens up the CBDC to higher-value payments and follows many other initiatives to expand uptake
Acquiring Focus POS will help grow its share of the restaurant POS market
Every customer’s reaction, share, or comment influences the reach of a bank’s message—and could threaten the bank itself. Banks should use social media to actively engage online communities, not just to display ads.
Surging Cash App user growth helped drive a buoyant Q1 for Block despite recent short seller allegations.
Bring faith in banking back to America: To stem regional banks’ bleeding, calls grow for a systemwide deposit guarantee.
Regional bank stocks are tanking even though their fundamentals are sound. Short selling might be a reason.