Central bank crypto could change banking; Fed to intervene again
Vikram Pandit says digital push could force “creation of 21st century regulation”; Fed will conduct $75 billion overnight repurchase agreement operation. ... Read full article
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More faces of the financial crisis: Where are they now? (Banker edition)
Jamie Dimon and Lloyd Blankfein remain prominent public figures, but many other crisis-era CEOs have kept low profiles over the past decade. ... Read full article
Pandit makes a big card bet; two senior Goldman execs to leave
The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division. ... Read full article
Vikram Pandit's PE firm invests $100 million into financial inclusion credit card
Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments. ... Read full article
Kabbage is said to acquire startup backed by Mack, Pandit
Orchard Platform Markets, a provider of lending data and services backed by the former heads of Citigroup and Morgan Stanley, is set to be acquired by small-business lending platform Kabbage, said people familiar with the deal. ... Read full article
Ex-Citi CEO Pandit: 30% of bank jobs at risk from tech
Vikram Pandit, who ran Citigroup during the financial crisis, said developments in technology could see some 30% of banking jobs disappearing in the next five years. ... Read full article