deposits

FDIC Approves Square For Banking License
FDIC Approves Square For Banking License
March 19, 2020  |  Banking

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank...

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Goldman Targets $125B In Consumer Deposit Balances In Five Years
Goldman Targets $125B In Consumer Deposit Balances In Five Years
January 29, 2020  |  Banking

Amid the targets for return on equity in the investment banking business, Goldman’s first Investor Day in the wake of a revamped operating structure placed...

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Revolut Offers High-Interest Savings Product In UK
Revolut Offers High-Interest Savings Product In UK
January 23, 2020  |  International

Global financial services startup Revolut is now offering U.K. customers a 1.35 percent AER interest rate with its new product, Savings Vaults, the company announced...

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Even Expands Pay Advance Offer To Include Goal-Based Savings
Even Expands Pay Advance Offer To Include Goal-Based Savings
January 23, 2020  |  Digital Banking

Financial wellness technology startup Even is rolling out a new savings solution that gives users the ability to target three goals at the same time,...

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This Week In Payments: New Frontiers — Visa And Plaid; Goldman And Marcus; And Big Doings ‘Bout SMB Payments
This Week In Payments: New Frontiers — Visa And Plaid; Goldman And Marcus; And Big...
January 17, 2020  |  Payments Innovation

With Retail’s Big Show in New York, earnings season kicking off and banks reporting on the State of the State 2019, there was no shortage...

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German FinTech Raisin Eyes US Launch Following Latest Acquisition
German FinTech Raisin Eyes US Launch Following Latest Acquisition
January 15, 2020  |  Partnerships / Acquisitions

European wealth management FinTech Raisin is planning to roll out in the U.S. following the acquisition of software company Choice Financial Solutions (Choice FS), Raisin...

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Small Chinese Banks Struggle To Stay Afloat
Small Chinese Banks Struggle To Stay Afloat
November 17, 2019  |  International

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the...

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HSBC Says China Should Loosen Regs For Global FIs
HSBC Says China Should Loosen Regs For Global FIs
October 27, 2019  |  Regulation

HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses and raising deposits...

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The Bancorp Stuck With $11.2M Returned ACH Payment
The Bancorp Stuck With $11.2M Returned ACH Payment
October 25, 2019  |  Earnings

The Bancorp in Delaware is dealing with a potential earnings problem after an $11.2 million automated clearing house (ACH) payment was returned, according to a...

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