Scottsdale Community Bank to Become Arizona’s Newest Community Bank
The Federal Deposit Insurance Corporation (FDIC) has given Scottsdale Community Bank (SCB) conditional approval to open as Arizona's first new community bank...
Banks Ride Digital Banking Wave; Plan to Reduce Branches
Digital banking engagements have been skyrocketing since the start of the pandemic. With more people using apps for daily banking, many banks...
Bank Branches to Become Quasi-Digital Engagement Hubs
Banks across the globe are looking to reduce their physical footprint as they are gaining more consumer activity online. This will save...
Fintechs Gain Value as Public Bank Index Falls
Fintech unicorn Chime recently raised $485 million in Series F funding round, making it the most valued fintech company at $14.5 billion....
Walmart Partners with Goldman Sachs to Offer Business Credit Lines
Small and medium-sized businesses that sell on Walmart (WMT) Marketplace were invited on Sept. 22 to apply for business lines of credit...
FinCen Files: Big Banks Turned a Blind Eye towards Money Laundering
Several global banks have been turning a blind towards money laundering according, to the International Consortium of Investigative Journalist report. Banks like...
Jiko Becomes First Fintech to Acquire Nationally Chartered Bank
Digital bank Jiko has acquired Mid-Central National Bank, a 63-year old brick-and-mortar bank in Wadena, Minn. This is the first time a...
Wells Fargo Launches Account to Target Young, New Users
Wells Fargo launched its Clear Access Banking account in the first week of September to better their consumer banking experience.
Customers in Singapore can Open Bank Accounts with Facial Recognition
Singapore residents can now open a bank account with facial recognition, or put more simply, just a selfie.
DBS,...
Banks Weigh Benefits of Online-Only Banking Apps Targeted to Millennials
Wells Fargo & company (WFC) is no longer accepting new users for its online-only banking app, Greenhouse. The app, aimed at younger...
Recent Articles
Goldman Sachs Pleads Guilty in 1MDB Financial Scandal
The Goldman Sachs Malaysia unit has pleaded guilty in the biggest cross-border financial scam, the 1 Malaysian Development Behran.
Hudson Yards Event Venue Files for Chapter 11 Bankruptcy
Hudson Mercantile, the iconic event space in Manhattan's Hudson Yards, has filed for Chapter 11 bankruptcy. The company faced financial challenges brought...
New High Yield Bond Ratings October 19 – October 23, 2020
At least 12 companies received downgrades or revisions on high yield bond ratings during the week of October 19 – October 23,...
Euronext Acquires Borsa Italiana in $5.1 Billion Deal
Euronext has acquired Borsa Italiana in a $5.1 billion deal. The London Stock Exchange is the entity that facilitated the deal. The...
Scottsdale Community Bank to Become Arizona’s Newest Community Bank
The Federal Deposit Insurance Corporation (FDIC) has given Scottsdale Community Bank (SCB) conditional approval to open as Arizona's first new community bank...
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Potential Ransomware Attack Hits Beauty Brand Avon
On Wednesday, June 9, Natura & Co (NTCO3.SA), the parent company of Avon, announced that a “cyber incident” partially hit Avon operations the previous...
SPAC Hennessy Capital Reaches IPO Agreement with EV Startup Canoo
Electric vehicle startup Canoo is not only capitalizing on growing demand, but also several more revenue streams from their products. Data shows...
Owner of Men’s Wearhouse, Jos A. Bank Files for Bankruptcy
Tailored Brands, Inc., the parent company of clothing chains Men's Wearhouse and Jos A. Bank announced this week that it filed for...
Asda has been Acquired by Issa Brothers and TDR Capital
Walmart Inc. (Walmart) has sold a majority stake of UK-based retailer Asda Group Limited (Asda) to billionaire brothers Mohsin and Zuber Issa...
Andreessen Horowitz Announces Talent x Opportunity Donor-Advised Fund
On June 3 Andreessen Horowitz (a16z) announced their latest donor-advised fund, the Talent x Opportunity Fund (TxO). The fund is “designed for...
