Banking & Finance

Does FSOC have a role to play in coronavirus response?

After budget cuts and a strategic transition, the interagency body conceived by Dodd-Frank to identify systemic threats has largely been silent as the pandemic roils the economy.Read More

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The services trinity: Three is the magic number

SPONSORED INSIGHTS For years, the services industry has been preoccupied with predictive capabilities. In many areas it’s a present-day reality: the internet of things (IoT), the cloud and artificial intelligence (AI) are finally beginning to work together in meaningful ways, correlating data and turning it into actionable insights. While predictive …

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JP Morgan vs fintechs: Who really owns your data?

JP Morgan gave fintech firms a choice: abide by data access rules or get out. Should any of us be surprised? A few weeks ago, JP Morgan Chase delivered an ultimatum to fintech firms that want to access its customers’ data: abide by their API standards or get locked out …

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Ask the expert: how can I create a winning investment strategy?

In this fortnightly column, Ask The Expert, we aim to provide readers with practical advice on how to grow their businesses. Greg Watts is our resident expert. He is the founder of Demand Creation Partners, a London-based growth consultancy that helps fintechs and paytechs to scale. A visiting lecturer at the American University …

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UK banks agree to scrap £8bn dividends amid recession fears

Lenders asked to scrap cash bonuses for 2020 in order to help ease the impact of financial turbulence Britain’s largest banks have agreed to scrap nearly £8bn worth of dividends in light of the coronavirus crisis, giving banks an additional cushion to weather an economic downturn. The Bank of England …

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Emergency loan program to accept applications on Friday

The Treasury Department and Small Business Administration are responsible for distributing $350 billion in coming months.Read More

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Customer service reps are in high demand — here’s how to reach them and solve your problems

Picking up the phone and pressing zero might not be the most effective way to reach customer service these days.Read More

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Commerce Secretary Wilbur Ross works from home in Palm Beach as administration battles coronavirus

Ross, who is 82, is hunkered at his home in Palm Beach, where he is teleworking to the extent possible. It could not be determined when he plans to return to Washington.Read More

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Banks put job cuts — and more — on hold during coronavirus outbreak

While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic.Read More

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Digital training for bankers paying off in coronavirus crisis

Customers are more reliant than ever on digital banking tools, and institutions like OceanFirst, BBVA and M&T are thankful they had invested in teaching employees to show customers how to use them.Read More

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