Big news in the world of banking and crypto! BPCE, a major French banking group, is diving into the crypto market. They are going to let customers buy and sell cryptocurrencies like bitcoin, ether, solana, and USDC right from their banking apps. This is a big deal because it means more people can ea
The Bank of England has lowered interest rates to 3. 75%. This move was widely expected, so mortgage lenders had already adjusted their rates. However, the Bank's governor hinted that future cuts might not be as frequent, which could slow down the decline in mortgage rates. The Bank's decision was
Canada's top financial watchdog has decided to keep the extra safety net for the country's six largest banks at the same level. This safety net, called the domestic stability buffer, is currently set at 3. 5%. The Office of the Superintendent of Financial Institutions (OSFI) believes these banks are
The subprime auto loan industry is under scrutiny after a major player, Tricolor Auto, went bust in September. The company's downfall raised eyebrows on Wall Street, sparking worries about the health of the industry as a whole. Fast forward to December, and federal prosecutors in New York have made
In the world of finance, not everything is as it seems. Tricolor Holdings, a company that specialized in lending money to people with poor credit for used cars, is now facing serious accusations. The company's executives, Daniel Chu and David Goodgame, are alleged to have misled banks and investors
Managing money can be tough, but some banks make it easier with built-in budgeting tools. These tools help track spending, set savings goals, and even categorize expenses automatically. This means no more manual tracking or guesswork. Ally Bank is great for savers. It lets you create "buckets" to o
Big changes are happening in the world of tech banking. Goldman Sachs is mixing up its team to keep up with the growing AI industry. This isn't just about AI itself. It's about all the stuff that makes AI work, like the internet and computer chips. Two leaders, Yasmine Coupal and Jason Tofsky, are
Custodia Bank, a financial institution specializing in crypto, is not giving up easily. They just took a big step by asking all the judges in the Tenth Circuit Court to take another look at their case. The case is about getting a master account with the Federal Reserve, which they were denied. This
UBS, a big Swiss bank, just said goodbye to Mike Dargan, their top operations and tech boss. He'll leave at the end of 2025. This news comes while UBS is still busy merging with Credit Suisse, a huge and tricky job. Dargan has been with UBS since 2021. He helped a lot with tech and operations. UBS
PayPal, a well-known payments company based in San Jose, California, has taken a significant step by applying for a bank charter. This move is part of a larger trend where financial technology (fintech) and cryptocurrency companies are seeking bank charters to grow their services. The application w
