On March 28, the Federal Deposit Insurance Corporation (FDIC) rescinded Biden administration guidance1 related to state-chartered banks” participation in “crypto-related activities” and published a new interpretation of the scope of permissible crypto activity for the insured depository institutions for which it is the primary regulator (the Crypto Letter).2 As discussed below, while similar to guidance issued by the Office
Pathward has been named “Best Banking as a Service Solution Provider” in the 9th annual FinTech Breakthrough Awards program. Through its fintech partnerships, Pathward offers various payments solutions through retailers and other consumer-facing businesses. Prestigious annual awards program honors outstanding financial technology products and companies around the world SIOUX FALLS, S.D., April 02, 2025–(BUSINESS WIRE)–Pathward
JP Morgan is advancing plans to transform its Lagos representative office into a fully-fledged business branch as part of a broader strategy to expand its presence across Africa. The US bank, which has operated in Nigeria since the 1980s, intends to apply to the Central Bank of Nigeria (CBN) for a merchant banking license in
This is an audio transcript of the Behind the Money podcast episode: ‘Why Islamic banking is taking off’ Saffeya Ahmed It’s a March morning in Islamabad, and my colleague Humza Jilani is out at a branch of Pakistan’s most successful bank: Meezan Bank. It’s almost the end of Ramadan, and the big celebration of Eid
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Banco Santander SA has won a Canadian banking license as it continues its expansion across the Americas. Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, issued an order for Santander Consumer Bank to
The Reserve Bank of India’s aggressive fund infusion in the past few months is beginning to show results, as the banking system’s liquidity position turned surplus at the end of March — the first time in three months. The banking system’s liquidity stood at a surplus of Rs 89,399 crore on March 30. On March
Nigeria’s banking system experienced a decline in liquidity in the fourth quarter of 2024 compared to the previous quarter, as a result of various monetary policy measures aimed at controlling cash flow in the financial sector, as well as to tame inflation. The Central Bank of Nigeria (CBN) implemented a series of liquidity management tools,
CHARLOTTE, N.C., April 1, 2025 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced it has hired Claudia Davis Adamson as head of small business banking. As part of Consumer and Small Business Banking, Adamson will lead the team serving small business clients with personalized advice and specialized financial solutions delivered through caring partnerships within the
BOSTON, April 01, 2025–(BUSINESS WIRE)–Wellesley Hills Financial (“WHF”), the leading payments, fintech and B2B software investment bank in the lower middle-market, is proud to announce the launch of Merchant Portfolios, a new marketplace dedicated to helping payments companies maximize investment and optimize returns through accessible, high-level financial services. The new business unit will provide payments
Enjoy complimentary access to top ideas and insights — selected by our editors. Now in its 23rd year, American Banker‘s The Most Powerful Women in Banking and its companion ranking, The Most Powerful Women in Finance, pay tribute to individual senior executives whose leadership and performance have had a substantial business, financial and cultural impact