Tags: Bank

PayPal to Cut 2,500 Jobs or 9% of Global Workforce in Another Massive Layoff Round

PayPal Files With Regulators to Launch Bank Focused on Small Business Needs

PayPal plans to launch PayPal Bank to provide small businesses with loans, savings accounts, and better financial tools.


US Regulators Move to Ease Bank Capital Rules, Opening Door for More Treasury Holdings

US regulators plan to ease bank capital rules, allowing lenders to hold more U.S. Treasuries.

Big European Banks to Report Q2 Earnings This Week

The largest banks in Europe, such as Santander, BNP Paribas, and Deutsche Bank, are set to report their earnings for the second quarter of 2024 this week following the announcement from the European Central Bank that it would not change its interest rates.

HSBC Promotes CFO Georges Elhedery to CEO

HSBC announced that Georges Elhedery, its chief financial officer, will become the firm’s next CEO effective Sept. 2.


Latest News

Australian Government Approves ANZ's Acquisition of Suncorp Bank
The Australian government announced that it has approved the request of ANZ to acquire the banking business of Suncorp for $3.26 billion.
Santander
Two weeks after Santander reported several accounts had been hacked, cybercriminals are selling millions of customers' and employees' personal data.
Fake Shops Propped by Chinese Scammers Stole Money, Personal Data from Over 850,000 People: Data Analysts
Data analysts from the German cybersecurity consultancy SRLabs said that a large network of fake online designer shops apparently operated from China have stolen money and personal data from over 850,000 people in Europe and the United States.
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.
Chase launched a new media business to target its 80 million American bank customers based on their spending.
Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday. Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday.
South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals.
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
A firm established by an 18-year-old was fined $50,000 for receiving $1.5 million fraud money in a bank account.
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