BofA pays U.K. female staff 28.7% less than male employees


Bank of America pays female staff in Britain 28.7% less on average than male employees, according to a report released Tuesday.


Coinbase gets a U.K. money license and reportedly a bank account


Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients.


Is blockchain a runaway train?


Momentum is continuing unabated for blockchain projects and initial coin offerings (ICOs) as the potential for blockchain continues to be realized.


U.S. announces takedown of $530 million cyberfraud network


The U.S. charged 36 people in a takedown of an international cybercrime ring that prosecutors say used the slogan “In Fraud We Trust” and stole $530 million with the help of pilfered identities and malware.


U.S. fintech industry jealously eyes U.K. regulatory scheme


British regulators are touting the success of their so-called regulatory sandbox. Their American counterparts have been unable to agree on a comprehensive scheme to foster innovation.


U.S. Bancorp scrambles to keep pace in payments field


Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online shopping.


Citigroup to close most London outlets on internet-banking focus


Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services.


Cloud-based ClearBank to launch in U.K. to challenge legacy payments


Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country's payment systems and core banking technology — and potentially save money in doing so.


Moven expands into Europe with U.K. launch


The digital personal financial management company is eyeing Europe as it expands its geographic footprint.


Lloyds said to suffer cyberattack on U.K. systems


Lloyds Banking Group was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said.