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Banks

Warren warns Powell against weakening Basel III Endgame regulations

by Anas Siddiqui
Warren warns Powell against weakening Basel III Endgame regulations

Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in the Dirksen Building in …

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Banks Are Finally Realizing What Climate Change Will Do to Housing

by Ron Morgan
Banks Are Finally Realizing What Climate Change Will Do to Housing

Clean energy firms are reaping the rewards of this emerging shift. Aira, a Swedish firm that carries out heat pump installations, recently announced that it had struck a deal valued …

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Barclays suspends sponsorship of Live Nation music festivals after acts quit over Israel ties

by Kwame Phillips
Barclays suspends sponsorship of Live Nation music festivals after acts quit over Israel ties

Barclays on Friday suspended its sponsorship of all Live Nation music festivals in 2024 after various acts dropped out in protest over the bank’s links to defense companies that work with Israel. …

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Wells Fargo Reportedly Fired Employees for Faking Work

by Edgar Davis
Wells Fargo Reportedly Fired Employees for Faking Work

In a work-from-home and hybrid world, many employees look for ways to cut corners and make it look like they’re at their computers even when they’re not actually attentive to …

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Fintech has hit a bottom after valuation plunge, execs and VCs say

by Walter Watson
Fintech has hit a bottom after valuation plunge, execs and VCs say

Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals. Bloomberg | …

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Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims

by Horatio Thompson
Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters A humanoid robotics startup cofounded by the …

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Affirm buy now, pay later loans coming later this year

by Anas Siddiqui
Affirm buy now, pay later loans coming later this year

Chris Ratcliffe | Bloomberg | Getty Images Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday. …

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Macron gambles rest of his presidency by calling French legislative elections

by Walter Watson
Macron gambles rest of his presidency by calling French legislative elections

France’s finance minister said on Monday that the snap election called by President Emmanuel Macron after a bruising loss to the far right in European Parliament elections would be the …

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Climate activists try to blockade NYC Citi Bank HQ in ‘Summer of Heat on Wall Street’

by Ron Morgan
Climate activists try to blockade NYC Citi Bank HQ in ‘Summer of Heat on Wall Street’

Nearly two dozen people were cuffed by late Monday morning as climate protesters blockaded Citi Headquarters in Lower Manhattan, police said. A group of 150 activists crowded in front of …

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Singapore banks’ red flags? No English, from Guangdong or Fujian with Hong Kong links

by Walter Watson
Singapore banks’ red flags? No English, from Guangdong or Fujian with Hong Kong links

The Monetary Authority of Singapore recently completed on-site inspections of some banks that were involved in the case. Lenders that had the most dealings with the criminals – through deposit …

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