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Getty The implosion of banking-as-a-service pioneer Synapse Financial Technologies is shining a harsh and unflattering light on a key link that has enabled the growth of the digital banking industry in recent years. At an emergency hearing Tuesday, U.S. Bankruptcy Court Judge Martin R. Barash, of the Central District of California, framed the situation starkly. “What…
U.S. banking groups seek entry into Bitcoin spot ETFs, urging SEC for a rule change for participation in the market. Several prominent U.S. banking groups are actively pursuing entry into the Bitcoin Exchange-Traded Funds (ETFs) landscape, prompting a collective plea for a rule change to facilitate their participation in the bitcoin spot ETFs space.
2023 was a standout year for Bitcoin. The asset is up over 150% year-to-date in U.S. dollar terms. But aside from price alone, there were many significant developments that impacted Bitcoin in historic ways. This year saw epic banking collapses, fake news scandals, record high hashrates, rising transaction fees, new accounting rules, the election of a pro-Bitcoin president in South America, and further confirmation of Bitcoin mining being beneficial for the environment.
Illustration by Cecilia Zhang for Forbes, photos by mevans/Getty Images, Prasert Krainukul/Getty Images, Halfpoint Images/Getty Images, alacatr/Getty Images I wanted to inform you that Chase owes y…
by Angelica Alzona for Forbes Last week Apple effectively dropped the mic on the nation’s banking industry. While the average bank is paying less than a half a percent on savings accounts, th…
Illustration by Fernando Capeto for Forbes; Photos by Malerapaso/Getty Images; Pete Starman/Getty Images Just before sunset on a chilly Spring day in 2019 armed German special agents broke down the…
getty There was a time in the not-so-distant past when banking was seen as an attractive and prestigious career. Banks didn’t take just anybody, and if you were lucky enough to get in, you could sp…
Using an ATM isn’t risk-free, but there’s a lot of security already. milicad/shutterstock.com Editor’s note: Automated teller machines, better known as ATMs, are turning 50 on June 27. Computer sci…
Slivergate CEO Alan Lane, second from right, is applauded as he rings the New York Stock Exchange … [+]Copyright 2019 The Associated Press. All rights reserved Crypto winter is finally catchi…
SWIFT, the global system that banks use to manage cross-border payments, is giving blockchain technology a new appraisal, five years after it took its first look. This time around, the Society for …
In the USA, both the S&P 500 and the Nasdaq are in bear market territory. A bear market is often taken to mean a 20% fall. That’s either from a recent peak, or over a set period of time.But gen…
Citing the impact of Covid-19 on many consumers’ finances, some banks, including Ally Bank and KeyBank, have stopped charging overdraft fees or have offered relief from them. Other banks, however, have gone in a different direction. Between March 13, 2020, and September 20, 2021, account holders filed over 1,600 complaints against various banks to the Consumer Financial Protection Bureau (CFPB) about overdraft fees, the agency’s records show.
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© Andrey Arkusha / Shutterstock.com If you plan to deposit $10,000 or more into your checking account, there are a few things you should consider first. By law, banks have to report deposits that exceed a certain amount. Not only that, but many bank accounts come with maximum deposit restrictions. You may also be subject to certain fees when…
In recent years, the financial industry has undergone a significant transformation as new fintech companies have developed, bringing innovative technologies and services that are transformative. Fintech is not just changing the financial landscape and fintech investment banking; it is also posing a threat to traditional banks, which must adapt or risk falling behind. Fintech companies offer a diverse array of services that span various areas, including payments, wealth management, data analytics, and investment banking. To stay competitive in the market today, banks must embrace the fintech revolution or risk falling behind. Banks may create new opportunities for growth and stay ahead of the curve by utilizing the benefits of fintech.
My north star(s) for philosophy, management, and politics are Star Wars, The Sopranos, and Game of Thrones, respectively. The Iron Bank (GoT) is a metaphor for today’s financial institutions, if pr…
Bybit, established in 2018, is an innovative, fast-growing cryptocurrency derivatives exchange. The company was founded by a team of professionals having expertise in investment banking and the for…
Illustration: James Marshall; Getty Images The collapse of crypto-friendly Silvergate and Signature Bank has left the industry scrambling to find anyone willing to work with them. When Citibank loc…
Real estate investing requires a close look at the data…getty Real estate investing is moving away from its traditional roots into a technology based process that uses public and private real…
That sad-sounding email may not be on the level…getty Financial trickery is an ongoing problem, and it’s amazing how successful it often is. Rick Kahler, president of Kahler Financial Group i…
Getty Images Billionaire hedge fund manager Alan Howard paid $59 million for a Manhattan townhouse in March. Just two months later he obtained a $30 million mortgage from Citigroup Inc. Denis Sverd…
Your bank may have a higher-yielding savings account — but it won’t necessarily let you know. The Federal Reserve has raised its key interest rate five times this year, most recently on Wedn…
The European Central Bank on Thursday authorized its first interest rate hike in 11 years in a bid to help cool rising inflation, becoming the latest central bank to more aggressively unwind policy…
Steve Jobs is dead, Mark Zuckerberg is tarnished. For the next generation of startup founders, the contributions of Bill Gates feel like ancient history.
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