• Standard Bank is Africa’s most valuable banking brand

    Kampala, Uganda | THE INDEPENDENT | Standard Bank has been ranked as the most valuable banking brand in Africa in 2024. This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands. The bank also increased its brand value by

  • Big US Banks Abandon Environmental Standards, Stirring Concerns

    The Equator Principles, established over two decades ago, serve as a voluntary framework for banks to mitigate environmental and social risks.

  • US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups

    Citi, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financingFour of the world’s biggest banks have left the Equator Principles, a set of minimum industry standards and safeguards for financial institutions to address environmental and social risks in countries where they finance fossil fuel and mining projects.The Equator Principles have been around for more than two decades, and while not enforceable, they provide a basic...

  • Comm Bank customers shut out of online banking

    Commonwealth Bank customers are venting their frustration on social media after being unable to access their accounts through the bank’s app Netbank. People trying to use Netbank are being confronted with a message that the bank ‘is working to fix an issue affecting our services’. The message goes on to say: We’re aware some customers […]

  • Trouble at New York Community Bank spells more bank failures, bailouts

    When Silicon Valley Bank failed last year, cries went out for tougher bank regulations and bigger capital requirements to back up loans.

  • The Public Bank That Wasn’t: New Jersey’s Excursion into Public Banking

    In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New Jersey governor. He regularly championed public banking in speeches, town halls and campaign commercials. He won the race, and the nation’s second state-owned bank following the stellar model of the Bank of More

  • ‘Banking as a Service’ startup Griffin riases $24M and attains full banking licence

    Founded by former Silicon Valley engineers, UK-based Griffin Bank bills itself as an API-driven ‘Banking as a Service’ platform. After raising $28.1 Founded by former Silicon Valley engineers, UK-based Griffin Bank bills itself as an API-driven ‘Banking as a Service’ platform. After raising $28.1 million, it has now raised another $24 million (£19 million) in a fresh, extended Series A, funding round led by MassMutual Ventures, NordicNinja and Breega, with participation from existing investors...

    • CNBC

    China's central bank governor says there's room to cut banks' reserve requirements

    The heads of China's central bank and economic planning agency signaled that authorities would be willing to take further steps to support growth.

  • The standard of our service

    As a warm-up question, our Bible study leader Pastor Ferdie asked if we had all seen the movie “Gladiator.” Yes, we replied.

  • Why do regional banks keep failing?

    It’s March, which means it’s time to worry about the health of regional banks again. Last year, the anxiety was centered around regional banks with lots of exposure to the tech and crypto industries, sparking bank runs that led to the collapse of Signature Bank, Silicon Valley Bank, and, a bit later, First Republic. This year, the concerns have been centered on New York Community Bancorp (NYCB), which just got a billion-dollar infusion of capital from a group led by former Treasury Secretary...

  • Griffin Bank has a license to thrill

    Welcome to TechCrunch Fintech (formerly The Interchange)! I’m filling in for Mary Ann, who is on a much deserved break. This week, we look at Griffin Bank getting its license ahead of some heavy hitters, and we go inside Stripe’s annual letter, some funding rounds, and more! The big story A top story for this […] © 2024 TechCrunch. All rights reserved. For personal use only.

  • Central Banks and Domestic Spies

    Central banks and espionage agencies are insidious threats to any free people. The former manipulate the value of money, and the latter manipulate the perceived truthfulness of information. Both ostensibly work for the broader p