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HSBC to Close US Business Banking Unit

HSBC to Close US Business Banking Unit

The bank will close a division that serves over 4,000 clients
More Than One in Five Americans Fell Victim to Financial Fraud

More Than One in Five Americans Fell Victim to Financial Fraud

The Fed’s report found credit card fraud to be the most common, affecting 17% of fraud victims
Fintech Funding Falls to Seven-Year Low

Fintech Funding Falls to Seven-Year Low

Global fintech funding has fallen to its lowest level since 2017, though deals in payments continued to thrive
Banking Bodies Lobby Against Cyberattack Disclosure Rule

Banking Bodies Lobby Against Cyberattack Disclosure Rule

Leading banking associations have called on the SEC to axe its controversial rule around the disclosure of cyberattacks
Most Financial Institutions Using Generative AI

Most Financial Institutions Using Generative AI

The majority of banks are deploying generative AI technologies, according to a new survey
The Rise of Narrow Banking: How Private Credit Is Redefining the Financial System

The Rise of Narrow Banking: How Private Credit Is Redefining the Financial System

Private credit is challenging traditional banking institutions by offering alternative lending solutions
Mortgage Rates Impacting Home Sales

Mortgage Rates Impacting Home Sales

Mortgage rates moved demonstrably higher last week
Banking Circle S.A. and Visa Direct Partner to Enhance Global Payment Capabilities

Banking Circle S.A. and Visa Direct Partner to Enhance Global Payment Capabilities

Partnership provides Visa Direct with access to Banking Circle’s extensive local clearing rails across the world
Report Finds Credit Card Competition Act Would Harm Community Banks

Report Finds Credit Card Competition Act Would Harm Community Banks

The act would cut revenue for community banks and credit unions, according to the report
Capital One to Pay $425m Over False Savings Account Interest Claims

Capital One to Pay $425m Over False Savings Account Interest Claims

The lawsuit claims the banks failed to tell customers they could switch accounts for better returns
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