Banking News

• Banks are cutting off Binance's access to U.S. banking system, exchange says
  
  Binance's banking partners will "pause" Binance.US' access to US dollar deposits as soon as next week, after the SEC filed charges against the exchange.
  CNBC.  Friday, 9 Jun 2023.
• Mastercard (MA), Algoan Unite to Accelerate Use of Open Banking
  
  Mastercard (MA) partners with Algoan to drive the adoption of Open Banking in Europe.
  Zacks.  Thursday, 8 Jun 2023.
• 3 Top-Ranked Stocks with Bullish Catalysts
  
  Analysts seem emboldened by JPMs resolute actions during the banking crisis and have boosted expectations accordingly
  Zacks.  Wednesday, 7 Jun 2023.
• Treasury Secretary Yellen says she wouldn't be surprised to see more bank consolidation
  
  Yellen said she wouldn't want to see the diverse banking system threatened by further consolidation, but it would be understandable.
  CNBC.  Wednesday, 7 Jun 2023.
• Daily Telegraph inches closer to sale after bank seizes control of parent firm
  
  The Daily Telegraph newspaper has inched closer to a sale after Lloyds Banking Group seized control of its parent firm over unpaid loans and placed it in the hands of receivers.
  Sky News.  Wednesday, 7 Jun 2023.
• Lloyds to launch £600m Telegraph auction after seizing control
  
  Britain's biggest high street lender is lining up bankers to launch a £600m auction of the Telegraph newspapers and The Spectator magazine within days amid a bitter row with the titles’ long-standing owners.
  Sky News.  Tuesday, 6 Jun 2023.
• Potential For Devastation: The Impact Of A Cyberattack On The Banking System
  
  The collapse of Silicon Valley Bank has triggered concerns about the vulnerability of the entire financial sector, especially in the event of a cyberattack.
  Forbes.  Tuesday, 6 Jun 2023.
• Coldwell Banker reorganizes 7 regions amid leadership reshuffle
  
  In her first big move since becoming CEO, Kamini Lane revealed an organizational shakeup aimed at streamlining and supercharging Coldwell Banker Realty's recruiting, retention and growth strategy.
  Inman.  Tuesday, 6 Jun 2023.
• PNC announces it will shut nearly 30 branches - is your state affected?
  
  PNC Bank is set to shut almost 30 branches, further accelerating America's transition to automated banking.
  Daily Mail.  Friday, 2 Jun 2023.
• The Latest Paris Fashions (In Fintech)
  
  I was flattered to be invited to chair the keynote panel on new business models for banking at the Paris Fintech Forum 2023.
  Forbes.  Friday, 2 Jun 2023.
• Money kept in Venmo, PayPal and CashApp may be unsafe, warns government agency
  
  Users of digital banking apps are advised against using them to store money long term. Those funds are not protected, and could be lost in a Silicon Valley Bank-style financial crisis, says federal agency.
  Daily Mail.  Friday, 2 Jun 2023.
• KW, Coldwell Banker and others sued over alleged discrimination
  
  The new lawsuit claims that a host of big-name real estate companies, as well as various landlords, refused to accept Section 8 vouchers for lower-income renters.
  Inman.  Thursday, 1 Jun 2023.
• Silicon Valley Bank: 500 jobs cut by new owner First Citizens
  
  The move comes two months after SVB's collapse triggered fears of a banking crisis.
  BBC News.  Thursday, 25 May 2023.
• Interest rate 'rigging' evidence 'covered up' by banks
  
  This evidence was not shown to juries where bankers were jailed for smaller-scale interest rate 'rigging'.
  BBC News.  Monday, 22 May 2023.
• Once prominent Chicago banker waiting for word on his destiny
  
  Stephen Calk is asking a federal appeals court to toss out his conviction in a bank bribery scheme that involved Donald Trump's one-time campaign chairman.
  ABC News.  Saturday, 20 May 2023.

Banks News Headlines and News Summaries