Citi appoints Jane Fraser as new CEO
Fraser will be the first woman to lead a bulge bracket bank.
Corporate & Commercial Banking
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
Buffet sells another $2.5bn in Wells Fargo shares
The 136 million shares Berkshire owns are worth less than $3.3bn.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
To win the battle of banking, you need a digital war room
Here, banks can get visibility into every single process in their business as they actually behave.
Spanish lenders CaixaBank and Bankia mull €17bn merger
CaixaBank is about three times the size of Bankia.
Crealogix signs customer portal deal with German development banks
Due to go live in 2021 with support through to 2031.
RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
EXCLUSIVE: Bank Alfalah selects Oracle Flexcube for corporate banking
Oracle’s system to run alongside Temenos T24 for retail.
Impact of COVID-19 on M&A activity in the fintech space
The market is pricing a more positive outlook for banks globally.
Merger creates largest Black-owned US bank
City First Bank in Washington and Broadway Federal Bank in Los Angeles are merging.
OakNorth Bank appoints Rajesh Gupta as new CFO
Current CFO Ochoa steps down to move closer to family.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
London to maintain grip on EU clearing post Brexit
COVID-19 thwarts Frankfurt’s plans to grab clearing business from Britain.
Silicon Valley Bank looks to hire 80 people in UK office
The bank has hired 30 staff in the first half of the year.
EU warns City of longer wait for market access post-Brexit
The delay is because of the bloc’s own regulations which are also in flux.
Federal Bank selects Fiserv FirstVision to support new credit card
The Indian bank needed a solution to power end-to-end issuance and processing.
ABN Amro to slash size of investment bank after losses
A €703 million impairment charge is behind the bank’s losses.
Metro Bank goes live on Sensibill after successful pilot
The launch is part of a wider technology drive on the bank’s mobile app.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
CIH Bank goes live on Finastra corporate banking solutions
The Moroccan bank wanted to boost the online availability of its services.
How can fintech rise to the new D&I challenge?
If they don’t believe they are part of the problem, nothing will really change.
Volante lands $35m, its first capital raise in two decades
The firm wants to turbocharge its offering, customer base and geographical presence.
Bank of Ireland fined €1.66m for regulatory breaches
The bank failed to report a security breach back in 2014.
Mastercard extends cross-border services in China with Bank of Shanghai
Businesses can use Mastercard to transfer to “any local bank” in China.
Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Former Wirecard CEO Markus Braun arrested again
Jan Marsalek, the former COO, is wanted under an international arrest warrant.
Deutsche Bank snags Wirecard exec Kilian Thalhammer
Thalhammer will be joining Deutsche Bank in October to oversee its Merchant Solutions arm.
What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
China Bohai Bank plans IPO worth $1.7bn
Chinese commercial bank buoyed by good 2019 results.
Wells Fargo mulls job cuts amid loan losses
The major US bank is looking at a strategic overhaul.
RBC commits CAD 150 million to diversity push
It aims to increase the proportion of non-white executive hires to 30% from 20%.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
HSBC France to cut 38% of global banking and markets jobs
It’s seeking to cut 255 of 678 jobs by the end-2021 as part of a broader plan to reduce costs.
Report: A new decade of core banking transformation
A new FinTech Futures report examining the role of core banking in the industry today.
Monte dei Paschi explores merger plan with Banco BPM
World’s oldest bank looking to bulk up its resources.
Santander launches Mi Vuelta COVID-19 track and trace app
The Mi Vuelta COVID-19 track and trace app allows employees to report any symptoms.
65% of banks say legacy systems holding back Swift gpi adoption
Volante, HSBC and Deutsche Bank, share their insights on a recent webinar regarding Swift gpi.
