Nicolas Kopp, head of N26 in this country, explains how the company plans to spend a chunk of the proceeds on its expansion here and add to the intensifying competition among fintechs.
The subprime online lender said Thursday that it will spin off its credit card business into a new entity, Mission Lane. It also named a new CEO to replace its founder, Sasha Orloff.
Michael Bright is resigning as acting president of Ginnie Mae to run the Structured Finance Industry Group, a trade association that's been without a CEO since Richard Johns resigned in July amid a reported split with the group's board.
Associated Banc-Corp in Green Bay, Wis., said Wednesday that it will close 17 branches as part of a previously announced deal to buy 32 branches from Huntington Bancshares.
Its data-driven financial management services for workers who live paycheck to paycheck — and a contract with Walmart — have attracted executives from Facebook, JPMorgan and elsewhere as well as a major investment from the head of Box.
The senator wants Treasury to enhance fraud protection in the Direct Express prepaid program — now a partnership with Comerica Bank — when its contract is rebid in 2020.
The central bank’s investments under its quantitative easing program have put its balance sheet in the red under mark-to-market accounting, another potential risk for an agency already under political fire.
