Evolve Bank wins motion to dismiss lawsuit; Yotta fights on
A Northern California judge has ruled that Yotta must specify Synapse’s role in alleged fraud, as well as details of the fraud.
Senate forges ahead with bipartisan stablecoin bill
The Senate’s version of a stablecoin regulation bill cleared a key procedural hurdle Monday as the Senate voted 66-32 to invoke cloture on the legislation. A final vote on the Senate floor is expected within weeks.
Why Morgan Stanley lets bots do the boring compliance work
The Wall Street bank turned an idea from its Eaton Vance acquisition into a time-saving automation for responding to regulators’ requests.
Goldman to boost Middle East headcount, eyes wealth fund deals
Goldman Sachs joins its Wall Street peers in expanding in the region to tap its deep pools of capital.
In a fractured regulatory arena, proactivity is fintech’s best play
Active collaboration, both among fintechs and between the industry and regulators, is the surest route to a future in which compliance obligations address real threats while allowing companies to thrive.
The Capital One, Discover merger and lessons learned for banks
Now that Capital One Financial’s bid for Discover Financial Services is finalized, take a look back on the hurdles the deal faced across its 15 month marathon.
FHFA’s Pulte defers to a higher authority on conservatorship
The Federal Housing Finance Agency chief also explained an alternate name he’s used for the agency in his first speech at a Mortgage Bankers Association event.
Fiserv beefs up restaurant tech as POS battle heats up
The technology company is using its marketing and commerce platform BentoBox to improve diners’ experience, even as analysts question the growth of its signature Clover system amid a crowded market for point of sale services.
Dimon: JPMorgan has lost overseas clients amid trade war
The nation’s largest bank is optimistic about its overall performance this year, but CEO Jamie Dimon still thinks there’s a bigger chance of stagflation than markets are anticipating.
Fifth Third offers wills to its customers, free of charge
The Cincinnati-based bank has partnered with the fintech Trust & Will to make estate planning easy, accessible — and free.