The Treasury Department will release a report early next year on opportunities and risks posed by fintech as part of administration efforts to reform the regulatory structure, Craig Phillips said.
Concerns about potentially illicit funds from S Africa scandal referred to regulators
First Bank will enter a new market and gain access to low-cost deposits after it completes the acquisition.
“I’m not going to step aside because I’m an asset for this company,” Tim Sloan said Wednesday, rejecting arguments by some Senate Democrats that he is too tied to the phony-accounts scandal.
There’s never an easy time to change leaders, but for American Express it’s a particularly challenging time as it faces legal challenges to a core part of its fee structure and is still revamping its business model after a stinging client loss.
The Dallas company reported a 40% increase in net income from the same period in 2016.
A former JPMorgan exec, who played a key role in the clearing house’s SwapClear service, has replaced Suneel Bakhshi
Credit card company names Stephen J Squeri as its new chief executive and chairman
Navient has suspended stock buybacks to buy and expand a debt-refinancing firm that faces stiff competition from fintechs, and some shareholders aren’t happy.