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Range of app-based lenders are latest competitors to large established rivals
Bank’s €8bn cash call is backed by a cabal of mainly European rivals
NAB Ventures, a venture capital fund owned by The National Australia Bank, has led a $24m investment round in San Francisco-based foreign exchange payments startup Veem.
The Monetary Authority of Singapore (MAS) has completed a pilot project that was carried out for inter-bank payments using blockchain technology.
A number of small banks have disclosed material weaknesses in loan-loss accounting and other procedures. Reasons vary, but a common thread appears to be that accounting firms are facing pressure to beef up their scrutiny of internal controls in financial services.
The Consumer Financial Protection Bureau said Thursday that it will delay the effective date of its final rule on prepaid cards by six months because industry participants need more time to comply.
The debt is costing taxpayers $4 billion a year, but rather than forgive it Republicans remain focused on creating a private flood insurance market.
The question is more than academic. At stake is the role blockchain technology can play in lowering the costs of raising money.
In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders.