Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors. Global fintech funding clocked in at $7.3 billion in Q1, down 54%...
European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s...
Technology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month. Jack Henry’s financial institution clients can tap into the tech provider’s direct API connection to benefit from data aggregation, personal financial management...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank’s gains from better than expected quarterly results last week were wiped out on Monday after a €1.3bn profit warning sent...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Love him or loathe him, Nigel Farage has an indisputable knack of channelling ill feeling into a consequential campaign. Brexit happened in...
Stay informed with free updatesSimply sign up to the Financial & markets regulation myFT Digest -- delivered directly to your inbox.The writer is a founding partner of Veritum PartnersWhat do Silicon Valley Bank, Credit Suisse, Citigroup and Royal Bank of...
Stay informed with free updatesSimply sign up to the US banks myFT Digest -- delivered directly to your inbox.Deposit costs at the largest US banks rose more than interest revenue last quarter for the first time since the Federal Reserve...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank warned late on Friday that up to a fifth of its expected pre-tax profit in 2024 might be wiped out...
As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized to plan and deliver a successful integration.” Adding Discover will make the $475 billion bank a more “diversified, vertically-integrated global...
NatWest is driving its costs down by reducing branches, trimming headcount and simplifying operations. “We incurred higher severance, branch and property exit costs in the first quarter and expect these to be weighted to the first half of the...
