Banking

Banking

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

Photo by Nikhilesh De / CoinDesk via CC BY 2.0

The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.

1 min read

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Banking

Visa, Mastercard Agree to Massive Settlement That Limits Swipe Fees

The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.

2 min read
Photo by John McGehjee via CC0 1.0

Banking

SPAC-ish Group Sets its Sights on More Failed Banks

Porticoes Capital has an FDIC-approved gateway to acquire lenders that are shutting down.

2 min read
Photo by Tdorante10 via CC BY-SA 4.0

Banking

New York Community Bancorp Gets $1B Cash Injection

Former Treasury Secretary Steven Mnuchin leads a team of investors hoping to settle the bank’s recent chaotic run.

2 min read

Banking

Capital One Plans Purchase of Discover to Build Credit Card Colossus

Photo by Can Pac Swire via CC BY-SA 2.0

The mega bank intends to buy the fourth-leading credit card network in the US.

1 min read

Banking

New York Community Bank’s Nosedive Has Regional Banks on Shaky Ground

Photo by Tdorante10 via CC BY-SA 4.0

The bank’s shares plunged after it announced it set aside a huge reserve for future loan defaults.

1 min read

Photo via U.S. Patent and Trademark Office

Patent Drop

Visa May Use Doppelgangers to Fight Payments Fraud

The tech could help the financial institution find cyber criminals and figure out your spending habits early.

3 min read
Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Banking

Banks Are Making Hay Out of Post-Banking Crisis Safeguards

Banks are finding novel ways to game the Fed’s safeguard systems, according to a Wall Street Journal analysis.

1 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

JPMorgan Adds to Space Ambitions with Off-Planet Payments

The bank’s out-of-this-world patent for “space-based payments” relies on blockchain networks, satellites and stablecoins.

2 min read

Banking

Banks Have a Lot of Cash But Aren’t Ready to Use It

Photo by Frugal Flyer via Unsplash

The lenders that survived last spring’s crisis throughout the industry are flush, but are still shy about spending.

2 min read

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