BoE accelerates multi-money, multi-asset tokenised agenda
The Bank of England Advocates for a Multi-money System in Retail Payments The Bank of England, one of the world’s leading central banks, has indicated its interest in a digital “multi-money system” for retail payments. This was revealed by Sarah Breeden, the bank’s deputy governor for financial stability, in a recent speech. Breeden stated that […]
California fines Yotta $1M for deceiving savers
California’s financial regulator, the Department of Financial Protection and Innovation (DFPI), recently slammed fintech firm Yotta Technologies with a hefty fine of $1 million. The penalty comes after the company falsely assured its vast customer base that their funds were federally insured and thus, could not be lost. The irony, however, lay in Yotta’s decision […]
NMI agrees to acquire Dwolla
In a significant move in the fintech space, NMI, a leading payment fintech, has agreed to acquire its peer, Dwolla. This acquisition is poised to enhance Account-to-Account (A2A) payments, an increasingly popular method that allows merchants to bypass card fees. This development comes as real-time processing becomes more widespread and consumers seek alternatives to credit […]
CFPB finalizes a scaled-back small-business lending rule
CFPB Finalizes Rule to Expose Lending Gaps for Women and Minority-Owned Small Businesses The Consumer Financial Protection Bureau (CFPB) recently finalized a landmark rule known as “1071” that is poised to shed light on lending disparities for women and minority-owned small businesses. The rule, a provision of the Dodd-Frank Act, mandates that lenders collect and […]
How securities-backed loans help investors avoid capital gains taxes
The stock market’s long bull run and the challenge of capital gains taxes The stock market’s prolonged bull run has presented a dilemma for investors who have seen significant gains in their portfolios. Cashing in on these investments can lead to substantial capital gains taxes, which may deter individuals from selling their stocks. One solution […]
NAB and Finsure conflict aired in mortgage fraud case
The Mortgage Fraud Scandal Involving Finsure, Hai Money, and National Australia Bank In recent years, the mortgage industry has experienced a surge of fraudulent activities. One of the most talked-about cases involves the mortgage aggregator, Finsure, its sub-aggregator, Hai Money, and the National Australia Bank (NAB). This article provides a comprehensive and factual overview of […]
Lloyds stays mum over rumoured Halifax phase-out
Lloyds Banking Group May Dissolve Historic Halifax Brand The venerable Halifax brand, a stalwart of the UK banking industry for nearly 174 years, may be phased out, according to reports. However, parent company, Lloyds Banking Group is remaining mum on these reports. A spokesperson for the Group told Retail Banker International, “We regularly look at […]
Banking Associate – Full Time – Winter Haven
Job Opportunity: Banking Associate at TD in Winter Haven, Florida If you are looking to build a strong career in banking, a unique opportunity awaits you in Winter Haven, Florida. TD, one of the world’s leading global financial institutions, is seeking a dedicated and professional individual for the role of a Banking Associate. The position […]
Banking Associate – Lawrence Park PA (20 Hours)
Working as a Banking Associate at TD in Broomall, Pennsylvania TD, a leading global financial institution, is offering an exciting opportunity to work as a Banking Associate at their Broomall, Pennsylvania branch in the United States of America. With a competitive pay rate of $22.00 – $27.75 USD per hour, this part-time role offers 20 […]
Goldman Sachs’ newest trader in New York didn’t seem to work for two years
Career Breaks Aren’t for Everyone Returning to the financial industry after a career break can be a daunting prospect for many professionals. The uncertainty of whether you will be able to secure a similar position or even a better one can create a sense of anxiety and apprehension. Towny Swiggett’s Journey Towny Swiggett recently made […]