Banks get closer to releasing deposits of stranded customers
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. …
Banks
Japan’s National Cyber Unit makes first arrest
A joint task force led by the National Police Agency’s National Cyber Unit and 16 prefectural police departments arrested a 44-year-old man Tuesday on suspicion of unlawfully accessing internet banking …
Revolut boss confident on UK bank license approval after record profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The boss of British financial technology giant Revolut told CNBC he …
JPMorgan, Morgan Stanley boost share buybacks as rivals take smaller steps
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee …
All 31 banks pass annual exercise
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the bank failures of Silicon Valley Bank and Signature …
The stock market flips and tech falls out of favor. It may be hard to stop
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market …
MUFG penalized by Japan’s financial regulator for client breach
Japan’s financial regulator penalized Mitsubishi UFJ Financial Group’s flagship banking unit and two joint ventures for violating client confidentiality rules, potentially dealing a further blow to their business. The Financial …
Nearly $109M in Yotta customer deposits vanish
Tsingha25 | Istock | Getty Images Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks …
Switzerland makes second interest rate cut as major economies diverge
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on …
UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years
Zilch CEO Phil Belamant. Zilch LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that …