Revolut rolls out in-app alert to tackle impersonation fraud
Revolut Introduces New App Feature to Combat Impersonation Fraud As part of its ongoing commitment to user security, digital banking firm Revolut has unveiled an innovative feature within its app designed to address the rising issue of impersonation fraud. This novel functionality is aimed at enhancing user security during phone interactions, a common avenue for […]
BoE to ‘streamline’ supervision as part of growth push
The Bank of England Plans to Streamline Supervisory Process In a recent announcement, the Bank of England has revealed its plans to “streamline” the supervisory process this year. This move is part of a broader governmental effort aiming to reduce the cost of regulation for businesses, a step that could significantly enhance the overall business […]
California penalizes Nexo $500,000 for risky crypto loans
California Regulators Fine Nexo Capital $500,000 for Risky Crypto Loans California’s financial watchdog, the Department of Financial Protection and Innovation (DFPI), has imposed a $500,000 penalty on the cryptocurrency platform Nexo Capital. The Cayman Islands-based corporation was found to have issued thousands of loans to California residents without a valid license. The DFPI made its […]
Morgan Stanley more than doubles net new assets in Q4
Morgan Stanley Sees Net New Assets More Than Double in Q4 Morgan Stanley reported a significant increase in net new asset inflows in the fourth quarter, with total wealth and investment assets surpassing $9 trillion for the first time. The firm saw a 116% year-over-year rise in net new asset inflows, totaling $122.3 billion in […]
Every interview question you’re likely to be asked by Bank of America
When it comes to investment banking, Bank of America stands out for being relatively easier to get into compared to other major players in the industry. According to data from 2023, Bank of America accepted around 2.1% of applicants to their internships, which is higher than the acceptance rates at JPMorgan and Goldman Sachs. While […]
From vision to value: A strategic playbook for commercial banking growth
Entering a New Era in Commercial Banking The commercial banking sector is at the threshold of a dynamic new phase, where growth, efficiency, and customer experience must progress in harmony. This evolution is driven by a myriad of factors, including technological advancements, changing customer expectations, and the increasing complexity of the business environment. As the […]
BoE’s Ramsden defends UK’s ring-fencing regime
Ring-Fencing: A Critical Component of UK’s Regulatory Framework As per the recent statements from the Bank of England’s deputy governor for markets, Dave Ramsden, ring-fencing retains its importance in the UK’s regulatory framework. The assertion comes as the UK Treasury is currently reviewing the policy. Bank of England’s Stance on Ring-Fencing On January 14, Ramsden […]
Net new assets stall at Citi Wealth after Q4 slowdown
Citi’s Wealth Division Sees Steep Drop in Net New Investment Assets Citi’s wealth division experienced a significant decline in net new investment assets in the fourth quarter of 2025, impacting the unit’s overall growth for the year. According to a report by Financial Planning, the wealth unit reported $7.2 billion in net new investment assets […]
Coastal Financial buys ‘climate-friendly’ fintech GreenFi
Coastal Financial Corp. Expands with Acquisition of GreenFi Brand Coastal Financial Corp., the parent company of Coastal Community Bank, has recently made a significant move in the financial services industry by acquiring the GreenFi brand of “climate-friendly consumer financial services.” This strategic acquisition marks a new chapter for Coastal as they continue to expand their […]
Klarna adds to payments menu; BofE gets heat on stablecoins | PaymentsSource
Klarna Steps Up Its Aspirations as a Neobank With Peer-to-Peer Payments Klarna, the Swedish buy now/pay later provider, has made a significant move towards becoming a neobank by launching peer-to-peer payments across Europe. The move came following its successful IPO and is viewed as part of Klarna’s strategic diversification of its product mix. While primarily […]