European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should be some mergers to help with efficiency, but not to create bigger institutions, according to a report by Reuters. Get the Full Story...
International Monetary Fund (IMF) chief Christine Lagarde is poised to become the first woman to run the European Central Bank (ECB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The former chief operating officer of Spanish lender BBVA is under investigation for corporate spying. 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,...
The Financial Supervisory Authority (FSA) in Norway has fined Santander, a Spanish bank, $1 million for violating Norwegian anti-money laundering (AML) statutes, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Smaller banks and large financial institutions have been subject to a paradox where smaller banks are known to be more consumer-friendly, but the trade-off has been that they are slower to innovate than larger FIs. Get the Full Story Complete the form to unlock this...
FinTech firm NCR Corporation has acquired D3 Technology Inc., an online and mobile banking specialist for the large financial institution (LFI) market. The acquisition of D3 will serve to expand NCR’s digital banking footprint into new segments, including large U.S. banks and, eventually, international banks...
In response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks in Australia are pushing back. The No. 2 lender, for instance, claims it’s not feasible to make such checks, Reuters reported. Get the...
The Bank for International Settlements (BIS) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
To continue fueling its transformation and focus on priorities of a regulatory nature, Wells Fargo has reportedly formed a new office. The Strategic Execution and Operations office, which is led by Derek Flowers, is said to be made of multiple teams, Seeking Alpha reported. Get...
