Loans and phones: Block’s post-layoff battle with banks, fintechs
The payment company is expanding the Afterpay buy now/pay later network and offering a Cash App mobile plan as it tries to draw consumers from legacy financial institutions and rival payment firms.
It’s 10 p.m. Do you know where your insurance-company premiums are?
Insurance companies are increasingly shifting their assets into offshore vehicles, where they are being used for…what exactly? We don’t know, and that’s the problem.
Overdraft fees take bipartisan heat at affordability hearing
Senators from both parties criticized banks over overdraft fees, though populist Republicans and their more establishment conservative colleagues were split over whether blame for the problem lies with banks conduct or the consumers.
Wisconsin mutual agrees to buy stock-traded rival
After encountering a rough patch in 2023, seller 1895 Bancorp in Greenfield, Wisconsin, hired an investment bank to consider strategic opportunities.
Bank chatbot platform Kasisto acquired by Backbase
Kasisto developed one of the first conversational AI chatbots for banks, and the deal brings its technology to Backbase’s new AI-based bank operating system.
Are you a fintech seeking a bank charter? Consider these implications
As fintech firms rush to take advantage of a new regulatory attitude toward bank charter applications, their leaders are about to step into a very new compliance environment. They need to understand what they’re getting themselves into.
Talk less, smile more: Behind Warsh’s communications gambit
The Federal Reserve’s new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.
Housing bill sails through Senate, cruising toward passage
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
ICE, OKX tap Andrew Cuomo to lead joint crypto venture
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
Citi lets clients invest in private companies via a blockchain
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.