New rules bring PayPal, Apple Pay, and Google Pay under federal oversight
Big Tech and other large payment services will need to behave, or else...
Former bank CEO sentenced to 24 years after being scammed into collapsing a bank
Some $47 million may never be recovered
AI is being used to identify and soothe stressed call center workers with photo montages
It also plays calming music and offers inspirational quotes
Wells Fargo fired a dozen employees for simulating "keyboard activity"
The controversial financial corporation doesn't tolerate "unethical behavior" anymore
Largest bank in Ethiopia hit by IT glitch that allowed customers to withdraw over $40 million
The bank says that no charges will be brought against customers who return the money
Two Singapore banks were unable to process transactions because of an overheating data center
Backup plans were moot -- is a digital-only approach to banking dangerous?
SEC head warns of "nearly unavoidable" financial crisis caused by AI
The result of overreliance and a lack of diversity in AI models
A hot potato: The loss of jobs, the death of human creativity, plagiarism, wiping out the human race – is there anything else we need to worry about when it comes to advanced AI? Yes, according to the head of the SEC: a financial crisis that is "nearly unavoidable."
Bank of Ireland "glitch" caused mad rush to ATMs for "free money"
People were lining up to withdraw more cash than they had on account
Wall Street financial firms fined combined $549 million for failure to preserve chat histories
The SEC uncovered pervasive and longstanding "off-channel" communications at all 11 firms
"Crypto is dead in America," says tech billionaire who predicted Bitcoin would hit $200,000
Regulators have "pointed their guns at crypto"
Bank stops handling cash in some branches as more people go digital
Another step closer to a cashless society
A hot potato: In another example of society's increasing abandonment of cash, some branches of a massive bank have stopped dealing with physical money over the counter. It comes after years of falling ATM use, a trend that drastically accelerated during Covid.
Silicon Valley Bank collapses in biggest American bank failure since 2008 financial crisis
Update: The US government moves to guarantee all SVB's deposits
Twitter roundup: bankruptcy threat, top staff leave, Musk's payment system plans
Musk takes the first step in turning Twitter into WeChat
Is cash still king? Examining physical money in a digital world
What's in your wallet?
Plaid settlement will see $58 million paid to users of American Express, Venmo, Robinhood, and other apps
But don't expect a lot of money
Google has reportedly added a smart debit card to its fintech plans
Still no word on when it will put the gears in motion for its personal checking accounts
European fintech Revolut launches digital banking app in the US
Venmo has a new competitor in the US
Google will offer personal checking accounts starting in 2020
Google wants to be a financial player
Big U.S. banks will automate away 200,000 jobs in the next 10 years
Paving the way for the "golden age of banking efficiency"
Capital One hack exposed 100 million US customers' personal details
A former Amazon employee has been arrested
Digital-only UK bank Monzo is launching in the US
The fastest growing UK bank has over 2 million customers
T-Mobile rolls out its 'Money' checking account to all US customers
T-Mobile customers can enjoy zero fees and a 4 percent APY
Over a decade of mortgage and loan documents have reportedly leaked onto the web
Millions of documents may have been exposed