Chase considers bitcoin; Good news, bad news for banks
Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter. ... Read full article
Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter. ... Read full article
Bitcoin’s eight-fold surge in value this year is forcing Wall Street banks to balance clients’ interest in speculating on the cryptocurrency with executives’ skepticism about its future. ... Read full article
Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable. ... Read full article
A U.S. alcohol maker's $191 million investment in Canadian cannabis could raise difficult questions for the banks that have lent big sums of money to the company. ... Read full article
Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying ... Read full article
It’s good to be a business lender with a long contact list. Loan growth is weak and the talent pool has been shrinking, so banks big and small are paying top dollar to get an edge. ... Read full article
Banks would be big winners if Congress slashes corporate tax rates and they will have no shortage of options for deploying all that extra cash. ... Read full article
It’s not about saving money. The current allure of open source development is more about attracting talented developers and creating high-quality software. ... Read full article
TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand. ... Read full article
Adding retirement accounts broadens the app's offerings to millennial clients. ... Read full article
The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition. ... Read full article
With talks about Brexit largely deadlocked, banks have begun putting their contingency plans into action. The focus: Frankfurt. ... Read full article
President Trump is expected to announce his Fed chair nominee this week; three deals earned JPM's boss almost $100 million. ... Read full article
Banks are revamping and investing in new wholesale systems to solve the frustrations felt by corporate customers. ... Read full article
Catering to young clients, Finn by Chase blends instant account access, emojis and PFM tools. ... Read full article
Bank fires four forex traders, while the OCC slams its auto lending practices; United wants to renegotiate its co-branded credit card agreement with JPM. ... Read full article
Trading on Friday afternoon pushed the cryptocurrency's market capitalization above $100 billion for the first time ever. ... Read full article
Chenault to leave credit card giant helm after 16 years, vice chairman will take his place; Brett Redfearn named the agency’s director of trading and markets. ... Read full article
Quarterly earnings at big five banks could have been worse; Chase to buy WePay, which helps online marketplaces and crowdfunding websites process payments. ... Read full article
JPMorgan Chase has made several investments in financial technology startups, but its plan to buy WePay will give its 4 million small-business clients a much more direct way to adopt digital payments. ... Read full article