Santander Reportedly Considering Exit of UK Banking Market – PYMNTS.com
Santander Two decades after entering the UK banking market, the company is reportedly rethinking its presence in the UK. Spanish financial companies are considering some The Financial Times (FT) reported on options including a complete withdrawal from the UK. reported Sunday (January 19), citing a person familiar with the matter. According to these sources, there […]
Bank of America Says 61% of Consumer Sales Are Made Through Digital Channels – PYMNTS.com
bank of america's 4th quarter income, Released on Thursday (January 16) showed that the momentum of the digital shift continues, resulting in 61% of consumer sales being made through digital channels, up from 49% a year ago. Additionally, 78% of all banked households are defined as “digitally active,” up from 75% a year ago. The […]
Citi Contends With Mobile App Outage, Directs Users to Website – PYMNTS.com
citibank The company is reportedly dealing with fraud alerts, long wait times for customer calls to its fraud department, and technical issues with accessing its mobile app. Bank customers talk about these issues: ×, And hundreds of users flag problems with the website DownDetector.comCNBC reported Wednesday (January 15th). When contacted by PYMNTS, Citi said in […]
OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders – PYMNTS.com
of Office of the Comptroller of the Currency (OCC) has completed enforcement actions against 11 former individuals. wells fargo senior bank executives. The three enforcement actions announced Tuesday (January 14) stem from administrative litigation initiated by the OCC. Notice regarding fees The lawsuit was filed in January 2020 and was the last of 11 such […]
Digital, Deposits and Delinquencies In Focus as Banks Kick Off Earnings Season – PYMNTS.com
Every 3 months Several major companies in the banking industry announced their financial results on the same day, and an avalanche of quarterly reports were released by all companies. how to do Sector. The roster is almost always the same. JP Morgan — Largest bank by assets — citygroup and wells fargo First out of […]
FDIC Gives BlackRock New Deadline to Resolve Banking Oversight Questions – PYMNTS.com
asset manager black rock is reportedly facing new deadlines over investments in government-backed banks. of The company missed the Jan. 10 deadline issued by the federal government. Federal Deposit Insurance Corporation (FDIC) and now has until February 10 to resolve issues related to the company's oversight of bank investments.Bloomberg News reported Sunday (January 12), citing […]
Gensler Says Crypto Oversight Still Essential – PYMNTS.com
Gary Gensler resigns as chairman of the U.S. Securities and Exchange Commission (SEC) January The 20th marks the inauguration of President-elect Donald Trump. However, Gensler still expressed concern that further steps need to be taken to regulate the cryptocurrency market, particularly altcoins and intermediaries. in Bloomberg TV interview He stressed on Wednesday (January 8) that […]
FTC Finalizes $7 Million Settlement With H&R Block – PYMNTS.com
The FTC announced that it had completed a $7 million settlement. H&R Block. Federal Trade Commission (FTC) announced The settlement was made on Wednesday (January 8) as part of a larger agreement with tax preparation firms. The company has agreed to make a number of changes to its business practices ahead of the 2025 tax […]
Bears, Bulls and Regulations Shape Crypto’s 2025 Aspirations – PYMNTS.com
The global cryptocurrency market is overcapitalized 3 trillion dollars. Much of its value is concentrated at the top of several major digital tokens. As the first and most widely recognized cryptocurrency, Bitcoin plays a central role in the sector's reputation, accounting for a significant share. Bitcoin's market capitalization peaked at nearly $2 trillion, accounting for […]
Crypto-Focused ETFs ‘The Hot Thing’ in 2025 – PYMNTS.com
Reportedly, more than a dozen new crypto-focused exchange traded funds (ETFs) could be launched 2025, If approved by securities and exchange commission. ETF companies file more SEC filings, Bloomberg reported Thursday (January 2nd). The proposed products listed in the submission include: proshares An ETF that represents the return of the S&P 500 in Bitcoin. strike […]