TD Bank is shelling out a massive $3 billion fine for letting drug cartels slip through their money laundering checks. This isn't just a slap on the wrist—it's a record-breaking penalty meant to shake things up at the bank. For years, TD Bank's system missed over 90% of suspicious transactions, allo
Imagine a bank that reaches out to those who often get left behind. That's what Boost Bank is doing! Created by Axiata Group Berhad and Boost, this digital bank has teamed up with RHB Banking Group to make financial services more accessible. They’re focusing on safety measures against unauthorized a
Starling Bank, a digital bank backed by Goldman Sachs and once considered one of the UK's most promising startups, has recently been fined £29 million by the Financial Conduct Authority (FCA). The fine was imposed due to the bank's failure in preventing financial crimes such as money laundering and
Fiserv has been at the forefront of revolutionizing the financial services industry, leveraging its robust fintech offerings to drive growth and innovation. The company's recent Fiserv Forum 2024 event highlighted its commitment to integrating cutting-edge products and solutions, solidifying analyst
The recent Federal Reserve rate cut has sent shockwaves through the financial world. For the first time in four years, the Fed has reduced its benchmark interest rate by 50 basis points. This decision has left many wondering what it means for the economy. To get a better understanding of the situati
Germany's financial landscape has taken a significant turn with UniCredit's bold decision to increase its stake in Commerzbank. The Italian bank has acquired an additional 12% of the German lender, taking its overall holding to around 21%. But that's not all - UniCredit has also submitted a request
Germany's finance agency recently announced that it won't be selling any more shares in Commerzbank, at least for the time being. This decision comes as a response to UniCredit's recent move to acquire a 9% stake in the German bank. The Italian bank's chief executive has expressed interest in explor
The US Department of Interior has set an auction date of October 29th for the first-ever sale of offshore wind energy leases in the Gulf of Maine. This significant move marks a major step forward in the country's efforts to transition to cleaner, renewable energy sources. The auction, which includes
In a world where technology is rapidly changing the way we live, a new player has entered the market, promising to revolutionize the world of finance. Donald Trump, the former President of the United States, has launched a new crypto project called World Liberty Financial, which aims to create a dec
As Donald Trump promotes his family's new cryptocurrency platform, "The DeFiant Ones," it's hard not to wonder what's behind this sudden shift in his stance on cryptocurrencies. Gone are the days when Trump called bitcoin a scam, replaced by a newfound enthusiasm for decentralized finance. But is th
