NYCB Discloses Signature Bank's Total Fair Value Was $37.8 Billion –

New York Community Bancorp (NYCB) released financial information regarding certain assets it acquired in March. Signature Bridge BankSuccessor to Signature BankFrom the beneficiary of that bank, Federal Deposit Insurance Corporation (FDIC). A wholly owned subsidiary of NYCB, Flagstar BankThe bank said in an announcement on Thursday (June 13) that it had acquired assets with an […]

Starling's Profits Soar 55% as Loan-Loss Provisions Increase –

Starling The company has just achieved its third year of profitability as it plans to expand its software business. The UK neobank announced on Wednesday (June 12) Annual Reportreported a 54.7% increase in pre-tax profit to 301.1 million pounds ($384.3 million). The company’s revenue increased 50.6% to 682.2 million pounds ($870 million), and total deposits […]

Oscar Health Aims to More Than Double Membership by 2027 –

Oscar Health The company is reportedly looking to expand its presence in the employer market by offering more affordable health insurance plans to small and medium-sized businesses (SMBs). Use that position Affordable Care Act In the market, Oscar Health aims to compete with big insurers and bring more transparency to pharmacy benefits, CNBC report Friday […]

Inter Focuses on Brazilian Migrants to Drive US Growth –

Brazilian Online Money Lenders Inter & Co. The company is expanding its efforts in the United States with a focus on replicating its success in Brazil in the online banking sector. Inter, which has a customer base of 32 million people in Brazil, has become popular by offering a wide range of products including credit […]

Analysts Say Fines Could Rise as TD Bank Faces Additional Allegations –

Toronto Dominion Bank (TD Bank) reportedly faces fines of up to $4 billion in connection with a money laundering investigation in the United States. The analyst estimates that Jefferies Financial Group That’s double the previous estimate, highlighting the severity of the potential impact on Canada’s second-largest bank. report Wednesday (June 5th). The allegations include instances […]

Treasury: NFTs 'Highly Susceptible' to Fraud and Scams –

of Ministry of Finance Warning to NFT fans: use at your own risk. Department store The evaluation was announced A study published on Wednesday (May 29) found that while non-fungible tokens (NFTs) have little to no connection to terrorism financing or other such activities, they are “highly vulnerable” to theft and fraud. “Furthermore, criminals are […]

Mastercard and Visa Pay $197 Million to Settle ATM Suit –

visa and master Card It will pay $197 million to end a class action lawsuit centered on ATM fees. According to court documents filed on Wednesday (May 29), the two payments giants Solve the caseThe lawsuit was brought by consumers who accused the banks of anticompetitive conduct by agreeing to withdraw cash from bank-operated ATMs, […]

NYCB Sells $5 Billion in Loans to JPMorgan –

new york community bank (NYCB) has sold $5 billion in loans to: JP Morgan Chase. These sales aremortgage warehouse loanThe aim is to strengthen the capital and liquidity of local banks, according to a press release on Tuesday (May 14). “It is consistent with the recent guidance between us. income Thank you. We are moving […]

Citi Upgrades Premier Card As Travel Spending Takes Off –

city is enhancing its Premier Credit Card to offer travelers new benefits and protections. major bank’s Strata Premier CardAnnounced on Monday (May 13), it offers increased benefits and more opportunities to earn benefits, and comes as travel spending soars across age and income brackets. “We heard from cardholders that they wanted rewards on travel as […]

34% of Consumers Haven't Heard of Card-Linked Offers –

Card-linked offers, or promotions aimed at encouraging consumers to use credit or debit cards, are very popular with consumers. That is, once you use it. According to PYMNTS Intelligence’s report, “Card-linked offer growth relies on first-time users,” 93% of cardholders plan to take advantage of a card-linked offer again in the near future after taking […]