Most of the central banks in western countries have formally adopted a neutral position when it comes to the decision of whether to issue a...
Banks should be more cautious when setting aside capital to cover risks from unbacked cryptocurrency assets, the Bank of International Settlements’ (BIS’) Basel Committee said...
In the early days of Europe’s neobank revolution, the continent’s 750 million+ inhabitants provided what felt like an unlimited pool of customers for a generation...
Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of...
Citi has appointed Artie Ambrose as head of its Treasury and Trade Solutions (TTS) Operations division effective Aug. 1, reporting directly to Nicola Kane, head of...
The House Financial Services Committee’s ranking member, Patrick McHenry, released a draft bill on June 23 that seeks to modernize financial data privacy laws and...
The recent crypto troubles have only added to Office of the Comptroller of the Currency (OCC) Acting Chief Michael Hsu’s resistance to allow lenders to...
The Consumer Financial Protection Bureau (CFPB) took its first step yesterday, June 22, to change the regulation affecting credit card late fees. The Bureau published...
Citi has removed overdraft, overdraft protection transfer and returned item fees from Citi Retail Banking consumer deposit accounts, with the changes having gone into effect...