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In a collaboration with Coinbase and Flexa, Regal theaters now accept on-chain U.S. digital currency payments for movie tickets and concessions; the Bank of Nova Scotia has completed its second investment in KeyCorp; Fiserv entered into a definitive agreement to acquire Canadian-based payments fintech Payfare; and more in this week's banking news roundup.
December 27 -
The tiny community bank handled hundreds of millions of bulk cash shipments from Mexico without red-flagging any of them, the agency said. The bank has filed a motion to dismiss.
December 27 -
Banking regulators hit companies with penalties for poor interest-rate risk, third-party management, anti-money-laundering controls and consumer protection, among other violations.
December 27 -
Transactions grew larger and more frequent this year. As a result, aggregate value more than tripled from 2023 and topped $15 billion.
December 27 -
The president-elect's history of deregulatory financial services policies could offer some benefits to minority businesses and consumers, but the more likely outcome is reduced access to capital and higher costs.
December 27 -
Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
December 27 -
This year saw the impact of Donald Trump's return to the White House, the first rate cut from the Federal Reserve in roughly four years and more.
December 26 -
The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Join us at noon, Eastern, on Jan. 30 as Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.
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The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
December 26 -
A roundup of the past year's profiles of senior executive women in banking and finance.
December 26