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Paxos has initial approval to establish its own “de novo” or new national trust bank after being approved by the Office of the Comptroller of the Currency (OCC), according to a company blog post. Paxos will be the first cryptocurrency-native company to attain that status....
Tasnim Ghiawadwala has been named as head of Citi Commercial Bank (CCB). Ghiawadwala succeeds Sunil Garg, who was recently appointed to serve as Citibank, N.A.’s CEO and chair of the risk and controls project group of the firm’s transformation effort, according to an announcement from...
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 to receive marketing communications from PYMNTS and...
After years of enjoying little to no competition, banks in Nigeria have reached out to the country’s regulators for help in dealing with encroaching FinTech firms, Bloomberg reported Tuesday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Boston-based FinTech Circle has chosen New York City-headquartered Signature Bank to become its lead financial institution to hold reserve deposits, the firm announced in a Monday (April 19) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Philip Drury has been selected by Citigroup Inc. to head up a new investment banking group that has a concentration on firms in telecom, data, entertainment, media and tech, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
If there’s one universal theme thus far across bank earnings, across banks large and small, investment banking juggernauts and more retail-oriented firms … it’s that the consumer has remained remarkably resilient. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Would it surprise you to learn that Gen Z consumers — the oldest of whom turn 24 this year — are the most likely of all demographic groups to seek information on life insurance? Coming out of the COVID-19 episode, few things are truly surprising...
