Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Banks are turning to digital technology to enhance the customer experience — and reduce payment friction — in an effort to boost top and bottom lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Small banks are benefiting from the rollback of Dodd-Frank, with the Russell 2000 bank index outperforming the S&P 500 banks by about 10 percentage points since the turn of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to perform a months-long industry-wide review. However, the U.S. regulator has concluded that the practice of creating fake customer accounts isn’t...
Goldman Sachs Group Inc., Morgan Stanley and Credit Suisse Group AG have all been left on the sidelines of the banking industry’s new power lobbying group. Though all three firms were originally slated for inclusion in the trade association — formed to lobby on behalf...
Community banking is one of the most rewarding areas of financial services in which to work, according to Rebeca Romero Rainey, the new president and CEO of ICBA. The environment is evolving rapidly, but she views this more as an opportunity for community banks, rather...
After reviewing sales practices at more than 40 large and mid-sized banks, the Office of the Comptroller of the Currency (OCC) found multiple systemic issues, along with hundreds of problems at individual banks. With the review, the office found examples of banks opening accounts without proof...
Months after rolling out a crypto trading platform, Circle Internet Financial Ltd said it has had early talks with regulators about obtaining a banking license in the U.S. With a license, Circle could offer its customers more financial services, Reuters reported. Get the Full Story Complete...
After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief Executive Officer Nikolay Storonsky said the startup could apply for a license in California by the end of 2018, Reuters reported. Get the...
