Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more than two years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
JPMorgan Chase & Co. is eyeing European mid-sized and family-owned companies as the next area of growth for the Wall Street firm, aiming to offer them new business loans, cash management services, payment processing and other banking services. Get the Full Story Complete the form...
Amazon, Alibaba’s payment affiliate Alipay and other internet and Big Data players are a threat to traditional banks, warned Agustín Carstens, head of the Bank for International Settlements (BIS), on Tuesday (Dec. 4). Get the Full Story Complete the form to unlock this article and...
The Western Union Company announced on Tuesday (Dec. 4) that it has completed the relocation of its global headquarters from Englewood to Denver, Colorado, saying it expects to make a long-term economic investment in the region of more than $300 million over the next 10...
British peer-to-peer lender Zopa announced that it has been awarded a U.K. banking license, with restrictions, from the Financial Conduct Authority (FCA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In Australia, time for a purely digital bank? Cuscal is putting tech and funding behind 86 400, a bank done in bits and bytes, that looks to challenge the traditional banking model. Craig Kennedy, Cuscal managing director, weighs in on why AI and mobile, combined, can...
Goldman Sachs’ online retail bank Marcus is enjoying a strong debut internationally — the company says the rollout of Marcus in the U.K. has “exceeded every expectation.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Israel’s Bank Leumi is planning to bring its online-only bank Pepper to the United States. Launched in 2017, Pepper is a digital banking venture that is initially offering individual accounts with plans to move into securities and mortgages, as well as joint banking options. Get the Full...
Payment services providers and financial institutions are beginning their work in helping people recover from the California wildfires — with those disaster responses informed by experiences in previous wildfires and recent hurricanes. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
