Banking & Finance

Dark Towers review: Deutsche Bank, Donald Trump and a must-read mystery

David Enrich delivers a master class in financial sleuthing but much about bank and billionaire remains unknown Steve Bannon, the brains behind Donald Trump’s upset election victory, saw the danger posed by the cash cravings of the First Family. In Fire and Fury, Michael Wolff chronicled Bannon drawing a direct …

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Video: Top fintech stories this week – 14 January 2020

The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe. This week we cover: Klarna buys Italian paytech Moneymour UniCredit outlines 6,000 job cuts and 450 branch closures in cost-cutting plan Deutsche Bank reaches out to Big Tech for cloud assistance Mastercard granted entry to Chinese …

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‘Black swan’ coronavirus casts its shadow over the global economy

Airlines have grounded flights, banks have sent staff home. In China and worldwide, the virus has taken its toll With the coronavirus outbreak spreading far beyond its source in China, companies are braced for a hit on profits as demand slumps and production is disrupted in the world’s second largest …

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Decentralised versus centralised finance: Impacting a global market

We currently find ourselves at the dawn of a new era: decentralisation. And from global civic and business leaders to everyday individuals, the world has started to take note writes tech entrepreneur, Kirill Bensonoff. The decentralisation of finance in particular has become a hot talking point, driven by the public’s …

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Nebraska bank is first failure of 2020

Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.Read More

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The API race, CFPB vs. Citizens, Varo’s bank charter: Top stories of the week

Wells Fargo appears to be outpacing its rivals in the API race; CFPB’s unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week’s most-read stories.Read More

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Retirement wave could leave FDIC short-staffed in crisis, watchdog warns

The inspector general also said high turnover at the chief information officer position has limited the agency’s ability to modernize its technology.Read More

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Former KeyCorp CEO Henry Meyer dies at 70

Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.Read More

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Three executive defections, one angry investor at New York bank

Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.Read More

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Investors are flocking to bond funds in record numbers

Last week, in fact, set a new standard for cash flowing into fixed income funds with $23.6 billion of inflows, according to Bank of America Global Research.Read More

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