Big banks back tripling global nuclear capacity by 2050
Some of the country’s largest banks, including Bank of America, Citi and Morgan Stanley, said they support efforts to triple global nuclear capacity, highlighting nuclear energy’s role in the clean energy transition.
Ann Kaplan, an early female partner at Goldman Sachs, dies at 78
Kaplan rose though the municipal finance department to become one of the first handful of female partners at Goldman Sachs in 1990.
What banks can do to fight pig butchering scams
While it can be difficult to recover the funds victims lose to the scams, the U.S. has created a legal safe harbor banks can use to share intel that can prevent them.
Tough environment for community banks prompted Evans’ sell decision
After doing “some really intensive thinking,” the Buffalo-area lender said it found the partner it was looking for in the Norwich, New York-based NBT Bancorp
Merchants are key as Zelle’s sibling Paze seeks growth
The new bank-led digital wallet is signing up financial institutions, but payment experts say broadening its merchant base and reaching consumers will be an uphill climb.
Fintechs need to get proactive about setting industry standards
If companies want to keep partnering with banks to build innovative financial services, they need to stop thinking about regulation as their partner banks’ problems and start being part of the solution.
FDIC bank-fintech recordkeeping rule leaves questions unanswered
The new rules on custodial account records could address the widening issues that the Synapse bankruptcy caused in the fintech world, but could make relationships between banks and fintech partners complicated, experts said.
Two lawsuits accuse Ally Bank of failing to protect customer data
Ally customers are blaming the bank for data breaches at its vendors, arguing that basic cybersecurity measures would have prevented the thefts.
The economic cloud over the fed’s half-point rate cut
This week, Federal Reserve Gov. Michelle Bowman cast the first dissenting vote at an FOMC meeting in years. On Friday, she explained why the economic data she’s seen didn’t convince her of the need to cut rates as much as her fellow governors thought.
How Walmart’s using real-time payments to battle credit cards
By enabling instant settlement for bank payments at checkout, the retailer is adding speed to an option that reduces card transaction fees. But getting consumer buy-in may be a challenge.