JPMorgan to launch digital bank in the UK next week
JPMorgan will launch its hotly anticipated U.K. digital bank next week, the firm confirmed to CNBC. The move will see JPMorgan take on Britain's established banks as well as challengers … Read More
Tag: Banks
Goldman Sachs is acquiring buy now, pay later fintech GreenSky for $2.2 billion
Goldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. The all-stock deal for GreenSky, called the biggest fintech platform for … Read More
Student loan borrowers 'shouldn't bank on forgiveness.' Here's how to get ready for repayment
Student loan borrowers have been hoping for news of forgiveness. Instead, they're getting reminders from their servicers that the bills will soon resume. As a result, they should take these … Read More
RBA joins central banks looking at using digital currencies for global payments
The Reserve Bank will take part in an international project testing whether digital currencies issued by central banks could be used to make cross-border payments cheaper and quicker than the … Read More
Credit Agricole's second-quarter profit doubles as state cushions Covid-19 pains
Credit Agricole, France's second-largest listed bank, said its net income rose to 1.97 billion euros ($2.33 billion) in the quarter from 954 million euros a year ago. Like rivals, including … Read More
You may want to rethink where you put your emergency cash amid rising inflation
Rising costs due to inflation are affecting everything from food to energy prices. While some consumers may suffer sticker shock, interest rates are set to stay low for now. It … Read More
Scandal-hit Credit Suisse considers creating single private bank: Sources
The Swiss bank and its board are looking to decide on a fresh strategy as soon as October. This after meeting in the mountain town of Bad Ragaz, two sources … Read More
The Digit savings app is getting a major upgrade—but there's a catch
Over the past few years, many fintech companies, including Betterment, Current and Credit Sesame, have started to offer checking accounts. This week, saving and budgeting app Digit is joining those … Read More
Digital bank Current triples valuation in five months to $2.2 billion after Andreessen takes stake
Current, a digital banking start-up that has gained momentum during the pandemic, has tripled its valuation to $2.2 billion just five months after its previous fundraising round, CNBC has learned. … Read More
Credit Suisse cuts dividend on hit from Archegos hedge fund scandal; investment bank head and chief risk officer step down
Last week, Credit Suisse revealed that it was expecting heavy losses in the wake of the meltdown of U.S. hedge fund Archegos Capital. It took a charge of $4.7 billion … Read More