BoT advocated targeted fiscal support, minutes show
Thai Monetary Policy Makers Advocate for Targeted Fiscal Responses Amidst Middle East Conflict The minutes from the Bank of Thailand (BoT)’s meeting held from April 24-29, 2021, indicate a call for targeted fiscal responses to address the economic impact of the ongoing conflict in the Middle East. The document, published on May 13, 2021, provides […]
UK finfluencer content is mostly “low quality”, research warns
Quality of Finfluencer Content: A Detailed Study With the advent of social media, the financial advice industry has seen a surge in financial influencers, or ‘finfluencers’. However, recent research from Queen Mary University of London suggests that the quality of advice given by these finfluencers is generally low, despite their widespread popularity. This article delves […]
Bankruptcy filing ties Tieks CEO to Aspiration scheme
CEO of Tieks Involved in Aspiration’s Revenue Fraud Scheme, Reveals Bankruptcy Filing In a surprising turn of events, a recent bankruptcy filing implicates Kfir Gavrieli, the CEO of premium ballet flat brand Tieks, in the infamous revenue fraud scheme of Aspiration Partners. Aspiration, a neobank recognized for its tree-planting initiatives, was embroiled in a fraud […]
It is meaningless to talk about working hours in investment banks
Working Hours in Banks: A Closer Look So, working hours in banks are falling? While this may make a good headline, I am afraid that the analysis is highly flawed. In this analysis, everyone on Wall Street is grouped together. But Wall Street is not homogenous. Different Working Hours Across Banking Sectors Working hours are […]
Oppenheimer balks at jury trial, settles cash sweeps suit for $70M
Oppenheimer was at risk of having to pay as much as $440 million in a class-action lawsuit over its “cash sweeps” policies. Instead, it has opted to settle for $70 million. Processing Content Oppenheimer’s offer to settle, which the plaintiffs suing it have agreed to in principle, marks the first resolution of the big cash […]
Candour of Mastercard CEO challenged in court
Mastercard Faces ACCC Allegations in Federal Court Mastercard, one of the world’s leading payment processing giants, is currently under scrutiny in Australia’s Federal Court. The proceedings were initiated by the Australian Competition and Consumer Commission (ACCC), who are challenging Mastercard’s business strategy employed from late 2017 to late 2020. The company’s Asia-Pacific CEO, Richard Wormald, […]
Tokenisation no substitute for trad-fi infrastructure – Cook
Lisa Cook on Tokenisation: A Great Opportunity, Not a Substitute for Traditional Infrastructure During her recent speech at a Central Bank of West African States conference, Lisa Cook, a Federal Reserve governor, highlighted the potential of tokenisation in the financial sector. Cook’s endorsement of this innovative technology was tempered with caution, as she acknowledged potential […]
Newsom taps Chopra to lead new California oversight agency;
California’s Governor Appoints Rohit Chopra to Lead New Oversight Agency California Governor Gavin Newsom recently announced the hiring of Rohit Chopra, the former director of the Consumer Financial Protection Bureau (CFPB). Chopra is set to lead a novel oversight agency, whose jurisdiction will span a diverse array of sectors including alcohol, cannabis, horse racing, and […]
Exclusive research: The risks of BNPL for banks, credit unions
American Banker’s 2026 BNPL Tradeoff Survey: An Analysis The American Banker’s 2026 BNPL Tradeoff Survey provides a comprehensive perspective on the buy now, pay later (BNPL) landscape in the banking sector. Conducted in March 2026, the online survey drew responses from 186 banking professionals from diverse roles across banks, credit unions, neobanks, and payments firms. […]
FDIC: Top depositors led 2023 runs at failed regional banks
Big Depositors’ Role in Bank Failures According to a recent report by the Federal Deposit Insurance Corp. (FDIC), big depositors were more likely to withdraw their funds before three major banks failed in early 2023. The study, titled “Dissecting Depositor Flight: An Analysis of the Spring 2023 Bank Failures,” revealed that depositors with substantial uninsured […]