The UK business secretary has written to Starling about claims of ineffective customer checks.
It will disrupt the bank’s plans for digital expansion, growth in the US, and drive for a younger customer base.
A UK parliamentary committee wants ‘Big Bang’ deregulation to improve banking competition.
Wall Street banks are expected to face more than $1B in fines over traders’ use of private messaging apps.
Six years after Goldman launched its digital bank Marcus, we review how it’s faring and what its future could look like.
The number of financial services deals declined 31% compared to Q1.
Some state governments are penalizing them for not supporting the fossil fuel industry.
The trading app plans to fire almost one-quarter of staff to cut costs after a disappointing first half of trading.
Barclays, NatWest, and Lloyds are all exploring possible acquisitions despite market uncertainty.
Starling posts a $44.1M profit as Varo Bank lays off 10% of its staff and plans to restructure.
Global fintech funding dropped by one-third in Q2, new data shows.
Goldman Sachs lent $233 million to help it grow its financial services presence in the region.
More than half of consumers in the UK would switch their bank if it was caught laundering cash, new research shows.
As the crypto exchange reportedly mulls a takeover bid for the trading app, we look at the pros and cons of the rumored acquisition.
The neobank reportedly plans to buy Latin American fintechs at a discount due to the market downturn.
Consumers may not believe the Bank of England’s bold claim, and the regulator has warned several banks to make improvements.
Otherwise, the Center for European Reform said CBDCs risk becoming an “expensive failure.”
Chase has attracted half a million customers since September. But it’s projected to lose $450M this year.
ESG ratings lack the consistency and timeliness to inform research, according to a unit of Goldman Sachs.
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