The FinTech Futures weekly round-up of the industry’s top stories and developments from across the globe.
This week we cover:
Wait three days, they buy JPMorgan, the best of breed, or Wells Fargo, the turnaround play, "Mad Money" host Jim Cramer recommended.
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.
Observer Opinium survey finds a majority think lockdown rules should be tightened yet further
Most people now believe takeaway coffee shops, cafes and children’s nurseries should be closed in a further tightening of the national lockdown, according to the latest Opinium poll for the Observer.
A majority of voters also think lockdown rules should be tightened on outside exercise with a ban on people walking or exercising with anyone from a different household.
CNBC personal finance writer Darla Mercado is becoming a markets editor for the business news website. She starts her new position next week. As a personal finance writer, she has been writing about taxes, retirement planning,...
The post Mercado becoming markets editor at CNBC appeared first on Talking Biz News.
These reads will teach you the lessons needed to succeed in the coming year.
The tech industry is behind on their diversity initiatives, but there are four steps they can take in 2021 to quickly and effectively make a difference.
Grab, the Singapore-based ride sharing turned “super app”, has landed a $300 million Series A funding round for its fintech arm.
Led by Hanwha Asset Management – one of South Korea’s Big Three – the round also saw participation from early Grab backers K3 Ventures and GGV Capital. Flourish Ventures, the venture capital firm funded by eBay’s founder Pierre Omidyar, and Arbor Ventures, also participated in the round.
It says it will use the funding to keep serving Singapore’s unbanked population. Southeast Asia as a whole houses an unbanked population of around 290 million, according to US credit agency Fitch Ratings.
Grab launched its first micro-investment service last August
The fintech arm, called Grab Financial Group, saw its total revenues jump up by more than 40% in 2020, compared to 2019.
Just last month, Grab and its partner – major Asian telco Singtel – became just one set of two … Read the rest
Wells Fargo shares are lower on a revenue miss. New Wells Fargo CFO Michael Santomassimo joins 'Closing Bell' to discuss the company's recovery plans, thoughts on the Covid-19 economic comeback and Q4 earnings results.
South African bank’s approach to chatbots offers lessons for U.S. players; small lenders embrace automation for latest PPP round; flush with capital, Canadian banks eye U.S. acquisitions; and more from this week’s most-read stories.
