We recently compiled a list of the 7 Best European Bank Stocks To Invest In. In this article, we are going to take a look at where UBS Group AG (NYSE:UBS) stands against the other European bank stocks. The global banking landscape is undergoing a profound transformation, driven by a confluence of factors including rising
JEFFERSON CITY, Mo. (AP) — A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that “put woke politics ahead of investment returns.” The Missouri regulations, issued by Ashcroft’s office, infringed on the free speech rights of investment professionals and are
The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to existing consumer protection laws for new technologies. In am Aug. 12 comment letter to Treasury Secretary Janet Yellen, the CFPB outlined its approach to regulating AI and other emerging technologies
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token
Bonuses are on track to rise once again for some Wall Street bankers as a dealmaking revival in 2024 boosts profits for the country’s biggest financial institutions. The biggest pay days will likely go to bankers involved in debt and equity underwriting, as well as traders. Debt underwriters are likely to see a boost of
Black Kite Regulations impacting financial services can now be easily mapped with Black Kite’s Proprietary AI engine BOSTON, July 16, 2024 (GLOBE NEWSWIRE) — Black Kite, the leader in third-party cyber risk intelligence, today announced that it has integrated the European Union (EU) Digital Operational Resilience Act (DORA) framework into the Black Kite Platform. The
BEIJING (Reuters) – China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing’s broader efforts to prevent systemic financial risks in the world’s second-biggest economy. A revised draft of the bill underwent a second review by the nation’s top legislative
What does a bank failure in 1874 have to do with the racial wealth gap in America in 2024? Turns out, a lot. In his new book, “The Rise and Fall of The Freedman’s Savings Bank And its Lasting Socio-Economic Impact on Black America,” author Rodney Brooks, former deputy managing editor at USA Today, unpacks
US-based provider of financing services for SMBs Kapitus has announced the closing of a USD 45 million investment-grade corporate note financing. Following this announcement, the closing of this funding round represents an important step in the company’s process of development, as the proceeds from the transaction are expected to be used to further expand
Most consumers get their insurance from various providers, but data shows that consumers want to simplify the process. PYMNTS Intelligence finds that 44% of all consumers would turn to their financial institutions (FIs) for these needs. Younger consumers are particularly keen on shopping for these services from a FI. For example, Generation Z consumers are