article thumbnail

Things worth reading: 26th June 2019

Chris Skinner

Things we’re reading today include … Monzo now valued at more than £2 billion The new left economics: how a network of thinkers is transforming capitalism The FCA – a watchdog too nice and chummy to bark or bite Facebook’s Libra cryptocurrency faces questions from international regulators Flawed rules contributed … The post (..)

article thumbnail

Things worth reading: May 3rd 2019

Chris Skinner

Things we’re reading today include … Bank of England warns of interest rate rise over next three years Andy Hornby: how the former HBOS boss bounced back MPs demand Lloyds justifies ‘cash paid to CEO in lieu of pension’ Elon Musk owes $507 million to banks helping Tesla raise capital … The post Things worth reading: May (..)

Capital 283
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stripe Capital Extends Business Lending To Online Platforms

PYMNTS

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. So we built Capital for platforms: [link]. On Tuesday (Dec.

Capital 302
article thumbnail

FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act

PYMNTS

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.

Capital 268
article thumbnail

Things worth reading: 9th December 2019

Chris Skinner

banks’ reluctance to lend cash may have caused repo shock: BIS Worrying signs that a great global deregulation has begun Capital One is a banking-peer bargain, even with recent gains: Barron’s Market debut … The post Things worth reading: 9th December 2019 appeared first on Chris Skinner's blog.

Lending 204
article thumbnail

Q1 2019: US credit card issuer snapshot

Accenture

Credit card volume and receivables continue to grow amongst the top issuing banks for the first quarter of 2019; however, the growth rate of each has been slowing compared to prior years. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. Issuer scorecard ($billions)—Q1 2019.

Cards 208
article thumbnail

Square Capital Chief To Step Down

PYMNTS

Jacqueline Reses , head of Square 's Square Capital unit, is stepping down as of Oct. Square Capital is the company's small business financing arm, providing loans from $300 up to $10,000, charging a single fee for loans. Square's usership was up 60 percent from the previous year as of Q4 2019, PYMNTS writes.

Capital 232