Money

Banking & Insurance

John Stumpf, the bank's former CEO and Chairman, has agreed to pay a $2.5 million penalty to settle the charges.

Legendary value investor Joel Greenblatt of Gotham Asset Management has a new book coming out.

Nearly all capital markets firms talk up their ‘cloud-first strategy’, but in most cases, firms have likely migrated just a fraction of their workloads to the cloud. The time is right to accelerate their journeys and break from cumbersome legacy technology setups

U.S. employers are projected to spend 5% less in 2020 than expected on medical benefits per employee due to Covid-19, according to a new report by Aon.

Only a third of credit cardholders link a credit card to their Apple Pay or Google Pay accounts. That means the shift to mobile payments during the pandemic led to an unintentional shift to debit spending. That's going to change.

Credit unions only open about 4% of new credit card accounts, underperforming their success in other areas, like auto loans and personal loans, two markets where credit unions have outpaced banks in market share.

Since fleeing China amid a bribery scandal, Guo Wengui has cozied up to U.S. tycoons and even became a member of President Trump's Mar-A-Lago resort in Florida.

Chinese authorities have cited “major issues” for halting the IPO, but major issues do not show up this late in the game.

One senior executive told Reuters that the probes and the bad press stemming from the ties to Trump have been “serious collateral damage” for the bank.

The move to send many employees to work from home has stranded a lot of desktop PCs, lonely and unloved on desks in nearly empty offices.

Avanti Bank & Trust founder and CEO Caitlin Long was all alone in her Wyoming office today as she tuned into a Zoom chat where her fate, and the fate of a new kind of bank that can handle both dollars and bitcoin, was decided by the Wyoming Division of Banking.

A growing number of Americans infected with Covid-19 are dealing with serious effects months after their initial infection. For some of these individuals, these conditions are disruptive enough that they are finding it difficult or impossible to return to their jobs.

With the financial industry shifting further into increasingly digitized and agile processes, technology platforms and partnerships now offer a new window of opportunity to banks.

For all their talk of being digital and valuing customer experience, only 49% of North American banks let new customers use digital methods to establish their identity and open a bank account, according to a recent survey by FICO.

Silvergate bank is finally reaping rewards for some of the risks it took by being one of the first banks to let bitcoin companies open accounts.

"We are going into a new paradigm where central banks issue CBDCs, commercial banks cease to exist and the service layer is filled by crazy new emerging companies."

Here are three main reasons why wildfires losses are increasing and fires are getting larger over the long term.