Latest Fintech News
Trending U.S. fintech stories, aggregated live - no stale headlines.
Rand softens as markets digest South African rate hike
The rand softened as currency markets digested the South African Reserve Bank's decision to lift its policy rate, with traders recalibrating positions after a tightening step th…
Bitget reports $351.6 million wallet breach, halts withdrawals
Bitget has reported that a breach affecting its wallet operations involved about $351.6 million, prompting the cryptocurrency exchange to halt withdrawals while it looks into wh…
Federal Reserve Proposes New Stablecoin Rulebook
The Federal Reserve has put forward a fresh set of proposed rules covering stablecoins, according to Reuters, adding a new layer to the regulatory debate over dollar-pegged digi…
Fed Seeks Public Comment on Stablecoin Issuer Rules
The Federal Reserve Board is seeking public input on two proposals that would help shape how it supervises payment stablecoin issuers, part of the effort to build a regulatory f…
Fed Issues Enforcement Action Involving Ex-Sandy Spring Bank Employee
The Federal Reserve Board said it has issued an enforcement action connected to a former employee of Sandy Spring Bank. The central bank disclosed the action in a notice dated S…
Apple Savings Boosts Rate but Still Trails Rivals
Apple has increased the interest rate offered to users of its savings account, a move that keeps the product competitive even as it remains below some alternatives in the market…
Solaris Goes Live on ACI Worldwide SEPA Instant Platform
ACI Worldwide, the Nasdaq-listed payments technology provider, says Solaris has completed its move onto the company's platform for SEPA instant payments. The migration was finis…
Envestnet Trims Citigroup Stake by 3.5% in Q2
Envestnet Asset Management Inc. trimmed its stake in Citigroup Inc. during the second quarter, reducing its position by 3.5%. The firm sold 100,483 shares but still holds 2.8 mi…
QRG Capital Management Lifts Bank of America Stake 44.4%
QRG Capital Management Inc. raised its stake in Bank of America Corporation during the second quarter, lifting the position by 44.4%. The institutional investor now holds 1,280,…