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Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs‘s Marcus brand. Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would “leverage Barclays’ U.K. knowledge and expertise” to create a checking...
Amid a U.S. investigation into money laundering at Danske Bank’s Estonia branch, shares of the bank have reached the lowest level in four years on Friday (October 5). Danske stocks were trading at 149 crowns as of 14:57 G.M.T., and the bank is trying to comfort...
To settle claims that it broke Iranian sanctions, Cuban Assets Control Regulations and Weapons of Mass Destruction bank regulations, JPMorgan Chase has agreed to a $5.3 million fines payment. The U.S. Treasury noted that the violations were voluntarily disclosed by the bank and were a “non-egregious...
TD Ameritrade’s new research report, “The Tech Effect: How the Digital Age is Changing Investing,” surveyed 1,000 U.S. investors between the ages of 18 and 70 with over $10,000 in investable assets. Get the Full Story Complete the form to unlock this article and enjoy...
People love mapping apps for three reasons: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
Seemingly legit businesses are often used to mask illicit operations banking on human trafficking, sometimes leading FIs to unwittingly support the practice. In the latest Digital Banking Tracker, Dr. James Cockayne, head of secretariat for the UN’s Financial Sector Commission on Modern Slavery and Human...
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Goldman Sachs Group has launched its consumer bank, Marcus, in the United Kingdom, the latest salvo of the company’s push into retail banking, this time across the pond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
