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RBC net income rises 9% in Q2

  • Published: 26 May 2017

Royal Bank of Canada (RBC) has reported a net income of CAD2.81bn for the second quarter of 2017, up 9% from CAD2.57bn in the same quarter of the previous year.. read more

CIBC retail and business banking unit net income dips in Q2

  • Published: 26 May 2017

The retail and business banking arm of Canadian Imperial Bank of Commerce (CIBC) posted net income of CAD647m for the second quarter of 2017, a fall of 1% compared to CAD652m in the same period last year.. read more

TD Bank Canadian retail unit net income rises 7% in Q2

  • Published: 26 May 2017

TD Bank Group's Canadian retail unit has reported net income of CAD1.57bn for the second quarter of 2017, up 7% from CAD1.46bn in the corresponding quarter of the previous year.. read more

Dubai to grant temporary financial services licence to fintech firms

  • Published: 26 May 2017

Dubai Financial Services Authority (DFSA) has decided to allow fintech firms to apply for a restricted financial services license to foster innovation in Dubai.. read more

Archover secures full FCA authorisation

  • Published: 26 May 2017

ArchOver, a P2P business lending platform in the UK, has received full authorisation from Financial Conduct Authority’s (FCA) to function as P2P lending platform.. read more

Debit card transactions to overtake cash payments in UK by 2018

  • Published: 26 May 2017

Debit card transactions would overtake cash in the UK by the end of 2018, three years earlier than expected, according to the latest report by Payments UK.. read more

PostFinance taps Diebold Nixdorf to upgrade ATM network

  • Published: 26 May 2017

Swiss lender PostFinance has signed an eight-year service agreement with Germany’s Diebold Nixdorf to upgrade its ATM network.. read more

P2P lender Linked Finance receives full FCA authorisation

  • Published: 26 May 2017

Irish P2P lending platform Linked Finance has secured full authorisation from the UK Financial Conduct Authority (FCA).. read more

Berkshire Hills Bancorp to snap up Commerce Bancshares for $209m

  • Published: 25 May 2017

Massachusetts-based Berkshire Hills Bancorp has agreed to acquire local lender Commerce Bancshares and its subsidiary Commerce Bank and Trust in an all-stock deal worth $209m.. read more

BMO Financial Canadian P&C unit net income rises in Q2

  • Published: 25 May 2017

The Canadian personal and commercial banking (P&C) arm of BMO Financial Group has posted net income of C$531m for the second quarter of fiscal 2017, up 1% compared to C$525m in the year ago quarter.. read more

Funding Circle secures full FCA approval

  • Published: 25 May 2017

British peer-to-peer lending platform Funding Circle has secured full authorization from the Financial Conduct Authority (FCA).. read more

MAS, IFC collaborate to support fintech innovation in ASEAN region

  • Published: 24 May 2017

The International Financial Corporation (IFC), a member of the World Bank Group, and Monetary Authority of Singapore (MAS) have inked a memorandum of cooperation (MoU) to support innovation in the fintech space and boost economic integration within the ASEAN region.. read more

Union Bankshares to buy Xenith Bankshares for $701.2m

  • Published: 24 May 2017

Virginia-based Union Bankshares has agreed to acquire local lender Xenith Bankshares in an all-stock deal worth about $701.2m.. read more

R3 raises $107m in fresh investment round

  • Published: 24 May 2017

Distributed ledger technology firm R3 has raised $107m in fresh round of funding to accelerate technology development and expand strategic partnerships for product deployment.. read more

UK's CivilisedBank obtains banking licence

  • Published: 24 May 2017

CivilisedBank, a UK-based business and retail bank, has secured its banking licence from the Bank of England.. read more

Citigroup agrees to pay $97.4m to close money laundering probe

  • Published: 23 May 2017

Banamex USA (BUSA), an affiliate of Citigroup, has agreed to pay $97.4m to settle allegations of money laundering and Bank Secrecy Act (BSA) violations.. read more

CFTC amends rule to bolster protections for whistleblowers

  • Published: 23 May 2017

The US Commodity Futures Trading Commission (CFTC) has approved amendments to rules to boost the agency’s anti-retaliation protections for whistleblowers and enhance its process of reviewing whistleblower claims.. read more

TransferWise moves further into traditional banking space

  • Published: 23 May 2017

British money-transfer firm TransferWise has launched Borderless account, which will allow businesses to have a local bank account in up to 15 countries without having to set foot there.. read more

Citi, Nasdaq partner for blockchain payment platform

  • Published: 23 May 2017

American banking major Citi and stock exchange Nasdaq have unveiled a new integrated blockchain​ payment platform, which facilitates straight through payment processing and automates reconciliation.. read more

JPMorgan taps Zcash technology to secure blockchain platform

  • Published: 23 May 2017

JPMorgan has selected technology from the Zerocoin Electric Coin Company (ZECC), developers of the Zcash digital currency, to boost the security of its blockchain platform known as Quorum.. read more


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