Goldman Sachs Looking to Offer Corporate Treasury Services
According to the Wall Street Journal Goldman Sachs is going after yet another new line of business: corporate treasury services; Citigroup is the market leader ...
Citigroup Buying PPP Loans from Minority-owned Banks
Citigroup is committing $50 million to buy PPP loans from minority-owned depository institutional; the loan purchase program is in partnership with the National ...
Big Banks Invest in Online Shareholder Voting Platform
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is being spun out ...
How Lenders and Credit Agencies Are Responding to Coronavirus
Lenders and credit reporting firms are still working through how to handle the current state of the US consumer; lenders haven’t reported increases ...
Robinhood Maxed Out $200mn Line of Credit
Digital wealth management fintech Robinhood has made the news for all the wrong reasons lately as they have been suffering outages just as ...
Citigroup Releases Robo-Advisor called Citi Wealth Builder
Citigroup’s new robo-advisor will be free for customers who have at least $50,000 in deposits or investments; this is the same level where ...
Banks Increasing Credit Card Limits on Customers
Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so will increase their profits; Capital ...
Investors Seek Yield in Trade Finance
For a long time the big players in trade finance have been HSBC, BNP Paribas and Citigroup; in recent years some of the ...
Citigroup CEO Discusses Future of Banking
Michael Corbat, CEO of Citigroup was interviewed by Bloomberg at the World Economic Forum; the bank currently spends $8.5 billion per year on ...
JPMorgan Chase Looks to Block Fintech Screen Scraping
JPMorgan Chase plans to block fintechs from screen scraping as they believe the practice is putting the bank at greater risk; “This is ...