Banking
CFPB to cap credit card late fees at $8 and increase accountability among issuers
CFPB Caps Late Fees on Credit Cards:Ruling by CFPB:The Consumer Financial Protection Bureau (CFPB) has finalized a ruling that limits late fees...
Banking
UK’s PRA fines HSBC £57m for “historic depositor protection failings”
HSBC was fined £57.4 million by the UK’s Prudential Regulation Authority (PRA).
Fine issued to HSBC's European holding company (HBEU) and UK subsidiary...
Banking
Bill Crager to step down as CEO of Envestnet
Envestnet Leadership Transition:CEO Departure: Bill Crager, co-founder of Envestnet, is stepping down from his role as CEO, effective March 31, 2024.
Transition to...
Banking
Ireland’s Davy Capital Markets taps Torstone for its post-trade platform
Davy Capital Markets taps Torstone for post-trade processing.
The Torstone Post Trade Platform is now live for Davy, managing €16 billion in client...
Banking
Crédit Agricole CIB taps Opensee for market risk management solution
Partnership Announcement:Crédit Agricole CIB collaborates with French fintech Opensee for a market risk management solution.Data Consolidation:Opensee's solution consolidates Crédit Agricole...
Banking
Fils launches as digital ESG infrastructure for payments sector
Fils, a new venture by MFTA chairman Nameer Khan, is launching ahead of COP28.
With offices in Dubai and London, Fils is an...
Banking
LSEG ditches legacy finance systems for Oracle Cloud
London Stock Exchange Group (LSEG) is transitioning 17 legacy finance systems to Oracle Fusion Cloud for efficiency and cost reduction.
LSEG focuses on...
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