New York
Beacon Bank deploys Narmi One for digital banking
Beacon Bank, created from the merger of Berkshire Hills Bancorp and Brookline Bancorp, has implemented the Narmi One digital banking…
Fintech firm Ramp finalises secondary share sale at $13bn valuation
Ramp has secured $150m through a secondary share sale, which valued the US financial operations platform at $13bn. The sale saw…
Coronavirus: JPMorgan asks staff in New York-area to work at home
American banking giant JPMorgan Chase has asked its employees in New York-area to work from home to curb the potential…
Chase flagship branch unveiled on Madison Avenue
The Chase flagship retail store, located within its global headquarter campus in New York City, is open for business. While…
New York City suspends business ties with Wells Fargo
New York City mayor Bill de Blasio and comptroller Scott Stringer has decided to suspend dealings with Wells Fargo owing…
New York proposes cyber regulations for financial services firms
The governor of New York and the state regulator have proposed a set of regulations for banks, insurance companies, and…
New York court overturns citys ‘responsible banking’ law
A New York federal judge has annulled New York City's responsible banking law, which requires banks to document how well…
Barclays launches fintech innovation hub in New York
Barclays has launched a physical space and virtual global hub, dubbed Rise New York, to pioneer the future of financial…
Russias Alfa Bank to close New York office, axe jobs in London
Russia's Alfa Bank is set to shut down its capital markets office in New York, and slash jobs in London,…
Standard Chartered may face further fines by US regulator
Standard Chartered warned it could face major fine running into millions of dollars by New York financial regulator for failing…
Citic Group may shut down two branches in US
Chinese financial conglomerate Citic Group is reportedly planning to shut down two of its bank branches located in Los Angeles…
US Fed fines Regions Bank $46m for 2009 loan accounting misconduct
The US Federal Reserve Board has fined a monetary penalty of $46m against Regions Bank for misconduct related to the…
BofA enhances rewards programme for existing customers
Bank of America (BofA) will soon reduce the eligibility criteria for consumers to qualify for discounts on loans and other…
GE Capital Retail Bank ordered to pay $225m to settle illegal credit card practices
The US Consumer Financial Protection Bureau (CFPB) has ordered GE Capital Retail Bank (GE Capital), now known as Synchrony Bank,…
BlackRock, PIMCO sue six banks for mortgage securities losses
An investor consortium led by BlackRock and Pacific Investment Management Co (PIMCO) is suing six global banks for their roles…