Browsing: banking

The Consumer Financial Protection Bureau is embarking on a new open banking proposal that pits banks against fintechs and underscores the difficulty of crafting a rule…

By Christine Dobby (Bloomberg) — Bank of Nova Scotia is cutting jobs across its Canadian banking division as part of the firm’s effort to boost long-term…

Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to a senior analyst at Moody’s Ratings.Marc Pinto, the…

Noelle Acheson looks at how zero-knowledge proofs are more than a new way of looking at financial compliance — they also change how we understand the…

Key insight: Citigroup’s net income for the third quarter rose by double-digits.Forward look: The megabank slightly tweaked its guidance for full-year revenues and expenses. Supporting data: Revenues…

Key insight: Citizens Financial has a new head of commercial banking, following an announcement that one of its most senior leaders plans to retire next year.What’s…

OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned.OnePay will offer customers access to bitcoin…

Key Insight: Recruitment processes at investment banks have shifted earlier, often beginning during college students’ sophomore year.What’s at Stake: The intense competition for young talent has…

By Christine Dobby and Chunzi Xu (Bloomberg) — Canadian Imperial Bank of Commerce appointed Mike Freeborn and Alfred Traboulsi co-heads of global corporate and investment banking.…

Key insight: Bank of America has added gen AI to help business banking staff.  What’s at stake: Improvements in time and personalized service.Forward look: Citigroup and Temenos…