Swiss prosecutors have opened a criminal probe into the leak of thousands of account details at Credit Suisse last year, in a case that is likely to have a chilling effect on whistleblowing in the secretive alpine country. Switzerland’s Federal...
Qun Harris, Ieva Sakalauskaite and Misa Tanaka After the 2007–08 Global Financial Crisis (GFC), several jurisdictions introduced remuneration regulations for banks with the aim of discouraging excessive risk-taking and short-termism. One such regulation is the bonus cap rule which was...
Carlyle Group has spoken to former Goldman Sachs executive Harvey Schwartz about taking over as the private equity firm’s chief executive, as the company tries to complete a protracted search for a new leader after Kewsong Lee’s abrupt resignation in...
Total fintech funding and number of deals fell last year amid rising inflation and interest rates following a digitally transformative 2021 in the wake of the COVID-19 pandemic. In 2022, fintech funding fell 46% year over year to $75.2 billion,...
Amazon has selected fintech Stripe to assist with payment processing across its numerous businesses. The partnership is an expansion of a 2017 deal and will see Stripe help with volume across Amazon Prime, Audible, and Amazon Pay as well as...
AI solution FairPlay and Splash Financial are teaming up to offer unbiased loan decisioning to the digital lending platform’s network of bank and credit union partners for student and personal loans. Cloud-based FairPlay uses API integration to detect biases within...
Banks that lost billions from the meltdown of Archegos Capital Management will get back as little as 5 cents on the dollar from its restructuring, with brokers such as Goldman Sachs funding the payouts using cash left in the family...
There have been a lot of red faces in the asset management industry lately, with Tiger Global alone incinerating almost $18bn in 2022. But you know who really sucks at investing? Central banks.Take the Federal Reserve, for example. Chair Jay...
Photo by Chris Williams When we assemble at LIVE, it’s about coming together to ignite the passion for community banking on behalf of our communities in a way that moves the industry forward. The Hawaiian word for family is ‘ohana,...
Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was...
