Tag: banks
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Klarna seeks U.S. bank charter in latest push beyond buy now, pay later
Klarna joins a wave of fintech and crypto firms seeking entry to the traditional banking system.
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American Express and Chase move luxury lounge wars beyond the airport
Credit card companies are increasingly offering access to lounges and perks at festivals and sporting events, often exclusively for premium cardholders.
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Digital euro: The plan to Trump-proof the EU’s economies
The EU’s central bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay. Success hinges on giving consumers an easy-to-use payment system without prompting a flight from bank savings.
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Every HDB block to have an ATM, cashpoint or bank branch within 500m by end-2027
The move ensures that seniors continue to have access to cash amid Singapore’s digital payment push.
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JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
The announcements followed the release of the Federal Reserve’s annual stress test, which found that all 32 large banks weathered a hypothetical recession.
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Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
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RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management
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Atlanta Fed pick emerges as key opportunity for Warsh to reshape the central bank
The Fed considered a former top Treasury official under President Trump for a role at the Atlanta reserve bank.
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Charlie Javice reportedly seeking a pardon from Trump
Javice founded a startup called Frank that JPMorgan acquired in 2021 for $175 million.
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Exclusive-US bank regulators ramp up scrutiny of AI use at financial companies
NEW YORK, June 12 : U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party vendors, according to people familiar with t
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