Bank of Ireland fined €100m over tracker mortgage regulatory breaches
The Central Bank of Ireland has imposed a record €100.5m fine on Bank of Ireland (BoI) over regulatory breaches that affected tracker mortgage customers.…
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EU financial sector facing severe risks to stability, warns ESRB
Eurozone’s top financial regulators have warned that the region’s financial sector is facing “severe risks” to its stability due to the Russia-Ukraine…
JPMorgan plans to hire 2,000 engineers worldwide
Banking giant JPMorgan Chase is looking to hire some 2,000 engineers across the globe, Reuters reported, citing chief information officer Lori Beer. The bank…
Deutsche Bank invests in Synthesized to augment data capacities
German financial services firm Deutsche Bank is partnering with Synthesized, a data generation platform provider, to enhance its data capabilities. The tie-up will see…
Turkey’s state-backed banks to halt use of Russia’s Mir payment system
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict Turkey’s state-backed…
US consumer watchdog asks Regions Bank to pay $50m penalty for illegal overdraft fees
US Consumer Financial Protection Bureau (CFPB) has ordered Regions Bank to pay $50m as civil monetary penalty for charging illegal overdraft fees. The…
Nexo buys stake in Summit National Bank to bolster US operations
Switzerland-based crypto firm Nexo has announced the acquisition of a stake in bank holding company Mode Eleven (the future name of Hulett…
Provident signs $1.3bn deal to buy Lakeland Bancorp
US-based Provident Bank’s parent Provident Financial Services has signed a definitive agreement to buy Lakeland Bancorp in a deal valued at $1.3bn. As per the terms…