Tag: banking

Banks Beware, Outsiders Are Cracking the Code for Finance

Businesswoman making online payments ++++ Note for the inspector: Credit is fake and is made especially for the photosession ++++

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance. For established financial institutions, the warning signs are… Continue reading Banks Beware, Outsiders Are Cracking the Code for Finance

Fed to Further Overhaul Bank Stress-Testing Regime

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The Federal Reserve plans to broaden its plan to ease stress tests for the nation’s largest banks with a revised proposal that could reduce the chance banks fail the annual assessments. Fed Vice Chairman of Supervision Randal Quarles in a Friday speech said the agency was considering changes to an existing plan to revamp the… Continue reading Fed to Further Overhaul Bank Stress-Testing Regime