Consumer Financial Protection Bureau (CFPB) The United States has issued a circular stating that banks unilaterally deciding to reopen a deposit account for processing transactions, previously closed by a customer violate the Consumer Financial Protection Act.
The CEO of Revolut said that the recent turmoil in the banking industry caused the suspension of the banking license of this company in the UK.
Swedish open banking startup Kreditz has announced that it has managed to attract investment funds for 10 million euros.
The last bank in the town of South Essex will close in August this year.
The media reports that PacWest Bancorp, which is in a difficult situation, is considering selling, breaking up, or increasing its capital.
Banking giant HSBC reported that its profit increased by $ 1.5 billion after the acquisition of the British business of the Silicon Valley Bank.
Online banking has become an essential part of our daily lives. It is not only convenient, but it also makes financial transactions faster and easier than ever before, with the increasing use of online banking the risk of cyberattacks and data breaches. That’s why it is important to protect your banking activities with a virtual […]
President Abraham is The Great Emancipator for his part in black emancipation. But little is known of his exploits as a major proponent of the federal monetary structure. Andrew Jackson vetoed the “Bank Bill” to the Senate in 1832. Later on, Jackson tagged it as the greatest achievement of his life. The bill killed the […]
Al Hilal Bank customers in the UAE now have a quick and simple way to access digital banking services as if they were in the UK
In the UK, local financial regulators have unveiled plans for the future development of open banking.
The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.
Binance’s American partner is making active efforts to find a bank to serve its customers.
JPMorgan Chase CEO Jamie Dimon said that the banking crisis triggered by the March collapses of Silicon Valley Bank and Signature Bank has not reached its limit and will have an impact on the state of affairs in the economy over the next few years.
Seattle Bank has partnered with LoanStar Technologies, enabling merchants and service providers to offer point-of-sale consumer loans for high-value transactions
Chinese tech company Huawei unveiled its Non Stop Banking initiative to help banks increase revenue and customer base, save operational costs and enhance financial inclusion
Artificial intelligence (AI) has had a significant impact on the financial services industry. It has been applied in various areas such as investment banking, insurance, wealth management, and more. In investment banking, AI is proving to be a promising tool, with ChatGPT being one of the most exciting AI technologies available.
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