Banking

Goldman Sachs Executive Who Led Consumer Banking Launch Set To Depart

Goldman Sachs Executive Who Led Consumer Banking Launch Set To Depart

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The Goldman Sachs executive who spearheaded its push into consumer banking is leaving, 10 months after he handed over the running of the business. 
Beijing Needs To See How the White House Will ‘Responsibly Manage Competition’

Beijing Needs To See How the White House Will ‘Responsibly Manage Competition’

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Chinese President Xi Jinping and US President Joe Biden held a 90-minute phone call on Friday, the first in seven months. The "candid" and...
Bank of America Unveils "VAM 2.0", An Enhanced Virtual Account Management Solution

Bank of America Unveils “VAM 2.0”, An Enhanced Virtual Account Management Solution

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Next-generation VAM delivers a single global view, flexibility, and full integration into CashPro and FX platforms.
HSBC Global Wallet Expands Currency Offerings And Provides New Platform Capabilities

HSBC Global Wallet Expands Currency Offerings And Provides New Platform Capabilities

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“Receive like a local” gives HSBC Global Wallet holders the ability to easily collect foreign currency into a US account, as if having an overseas account.
British Fintechs Are Jumping Into The Booming Buy Now, Pay Later Market

British Fintechs Are Jumping Into The Booming Buy Now, Pay Later Market

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Monzo and Revolut, two of Britain’s best-known financial technology firms, are planning to enter the booming “buy now, pay later” industry.
Bank of America Announces New CFO, Technology And Legal Heads In Sweeping Management Overhaul

Bank of America Announces New CFO, Technology And Legal Heads In Sweeping Management Overhaul

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In a memo distributed to employees on Friday, Bank of America CEO Brian Moynihan named a new chief financial officer, technology head, general counsel, and chief administrative officer.
JPMorgan To Buy Majority Stake In Volkswagen's Payments Business

JPMorgan To Buy Majority Stake In Volkswagen’s Payments Business

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JPMorgan Chase plans to acquire a controlling interest of close to 75% of Volkswagen Financial Services, the German car manufacturer’s payments platform, the bank announced on Wednesday.
Wells Fargo Names New Commercial Banking CEO

Wells Fargo Names New Commercial Banking CEO

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Wells Fargo has tapped Kyle Hranicky to become CEO of commercial banking, replacing Perry Pelos, effective immediately, the bank announced on Friday.
Australian Banks Reject Pressure To Deal With Cryptocurrency Firms

Australian Banks Reject Pressure To Deal With Cryptocurrency Firms

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Many of Australia's top financial institutions have not engaged with the sector, despite its huge growth in the past year, due to its high risks.
Bank of America Thinks The SP 500 Will Drop 6% Until Year-End

Bank of America Thinks The S&P 500 Will Drop 6% Until Year-End

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DataChat, Inc., a software company that’s revolutionizing data analytics, today announced the closing of a $25 million Series A funding round.

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