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Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. The move by Germany would follow at least some initial forays into exploring blockchain use from regions as far-flung as Britain and Singapore. Bonds And Trade Finance Via Blockchain.

National 161
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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. Shares fell on the news.

Fraud 142
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KeyCorp Picks Buffalo as Regional Headquarters

American Banker

KeyCorp in Cleveland will open a regional headquarters in western New York as part of its acquisition of First Niagara Financial Group.

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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The country’s digital economy push comes as the government has also digitalized the national ID card, which every citizen who is older than 16 must wield. and closed at $204.87.

Cleveland 128
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KeyCorp to Refund Up to $22M to Ex-First Niagara Customers

American Banker

KeyCorp in Cleveland has agreed to refund up to $22 million to consumers who were incorrectly charged overdraft and bounced-check fees while customers of First Niagara Bank in Buffalo, N.Y.

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KeyCorp Names Executive to Lead First Niagara Integration

American Banker

The Cleveland company appointed Christopher Gorman as merger integration executive, according to a news release. Gorman previously was president of KeyCorp's corporate bank.