Revolut Abandons Plan to Buy a US Bank, Focuses on Independent OCC Charter
Revolut Shifts US Strategy Again Revolut is revising its strategy in the United States once more. The UK-based fintech has abandoned its plans to acquire a US bank and is now aiming to secure an independent banking license in the country. This move could pave the way for enhanced lending and more comprehensive banking services […]
Bank profits increase slightly in 2025
Banking Sector Shows Modest Growth in 2025 The banking industry saw a slight net profit increase of 3.6% in 2025. While larger banks struggled with lower profitability, smaller financial institutions thrived, reporting robust revenue growth. The consolidated net profit for 11 banks listed on the Stock Exchange of Thailand (SET) totalled 265 billion baht, marking […]
Bank of America and Citigroup might introduce credit cards with a 10% interest rate to win over Trump, according to a report.
Credit Card Interest Rates Considered by Major Banks Bank of America and Citigroup are reportedly mulling over the idea of credit cards with interest rates set at 10%. This comes after President Trump recently suggested a one-year cap at that rate. According to a source familiar with the situation, the banks are contemplating this separately. […]
Police on Long Island respond to a bank heist only to discover a deer causing chaos inside: video
Unusual Bank Incident Involving a Deer It seems a bank had a rather unexpected visit. Suffolk County police responded to a burglary alert at a Webster Bank branch and instead found a full-grown male deer causing mayhem inside. Police Chief Kevin Catalina commented, “No charges were pressed in this situation, but the deer is still […]
Trump urges Congress to set a 10% limit on credit card interest rates; bank stocks increase.
Trump Pushes for Credit Card Interest Rate Cap On Wednesday, President Donald Trump called on U.S. lawmakers to implement a cap on credit card interest rates, proposing a limit of 10% for one year. He made this statement while attending the World Economic Forum in Davos, Switzerland, emphasizing the potential benefits for millions of Americans […]
Former thief who wrote a memoir about his past robberies is accused of stealing from another bank
Convicted Thief Charged with New Bank Robbery A man with a history of bank robberies, Charles Christopher Martinez, 48, has been arrested for another robbery that took place in Colorado earlier this month. Martinez was taken into custody on January 8, just three days after he allegedly held up a teller at a U.S. Bank […]
Bank to Seize Control of Historic TV Studios Following Loan Default
Historic Los Angeles Studio to Change Hands Amid Financial Crisis Banks are set to take control of a notable television and film studio in Los Angeles after its current owner, Hackman Capital Partners (HCP), defaulted on a significant $1.1 billion loan. This situation has emerged as Hollywood continues to face challenges. Goldman Sachs is reportedly […]
New York City’s ‘Burberry Bandit’ returns to jail on new bank robbery allegations
Burberry Robber Strikes Again Cornell Niley, famously referred to as the “Burberry Robber,” was arrested once more for attempting to rob six banks in Manhattan, according to a recent announcement from the Federal Bureau of Investigation. The 34-year-old, who has made headlines before, found himself in this predicament shortly after being released from federal prison […]
HSBC Private Bank Expands Its Team in Asia
HSBC Private Bank strengthens roster across Asia HSBC’s Private Banking division has unveiled several new leadership roles throughout Asia, particularly focusing on its operations in India and China. Newly appointed officials include Fanindar Babaraju and Rangan Krishnan, both joining as senior relationship managers in the global India team. They will report to Manoj Rama Rao, […]
Senator Richard Blumenthal: Congress might be risking another bank failure due to cryptocurrency.
Senate Banking Committee to Consider New Crypto Bill The Senate Banking Committee is set to convene on Thursday to discuss a cryptocurrency bill, which seems to cater to the interests of some wealthy cryptocurrency advocates. As Congress aims to wrap up its crypto agenda before the upcoming midterm elections, it’s worth recalling past incidents when […]