Who wins and loses with Visa’s new dispute-management tool?
Through a partnership with technology firm ServiceNow, the card network is offering ways to reduce banks’ cost and complexity of resolving disputed transactions.
Citigroup weighs cutting 10% of wealth employees in London
The company is considering whether to cut 51 roles across its wealth business in London as the division’s new chief looks for ways to boost the returns generated by the unit, according to a memo to staff seen by Bloomberg
The CFPB should stick to its original position on earned wage access
The bureau is threatening to change its stance and classify EWA programs as loans. This is unwise and will harm consumers.
Plaid names first company president in another step toward IPO
Plaid named Cloudflare’s Jen Taylor as its first president as the financial-technology company continues to diversify its products and readies itself for a public listing.
For banks, now is a good time to sue your regulator
Banks have historically averse to challenging their regulators in court, but a suit over the recently finalized Community Reinvestment Act implementation rules is a signal that the times have changed.
New York Community moves to calm investors’ nerves. Will it be enough?
The regional bank announced a leadership shakeup on Wednesday, capping a tumultuous week in which shareholders became spooked about its exposure to the commercial real estate sector.
PayPal says its innovations’ impact will take time
CEO Alex Chriss told analysts the company’s AI-heavy product rollouts won’t improve financial results in the near-term.
DocuSign lays off 6% of staff; third wave in last two years
The San Francisco-based electronic signature company’s chief executive Allan Thygesen announced Tuesday that roughly 400 employees across the company were being let go as part of restructuring for the 2025 fiscal year.
Dutch neobank bunq withdraws application for U.S. banking charter
“Some difference of views has emerged” between the Dutch banking regulator and two U.S. counterparts — the OCC and FDIC, bunq told American Banker.
Epstein contacted Staley for years at Barclays using go-between, court filings claim
Legal documents contradict what the former Barclay’s CEO told the bank’s board about the pair’s relationship, as well as a U.K. regulatory probe that found no evidence of contact after October 2015.