Banking

TD Bank +2% after topping estimates

FQ2 adjusted net income of $2.561B or $1.34 per share vs. $2.282B and $1.20 a year ago. Expectations had been for $1.25.<p>Canadian Retail net income of …

TD Bank

Demonetisation impact: 12.54 lakh swipe machines added in January-March, says finance ministry

<b>New Delhi:</b> The Finance Ministry today said as many as 12.54 lakh Point of Sale (PoS) terminals were added in January-March this year, giving a boost …

India

Samsung Pay in Hong Kong transitions into full service

After an early access phase with a promotional campaign — which led to a Galaxy S8+ being given away — and a fast turnaround, Samsung Pay is now live …

China

Wells Fargo to Boost Broker Sign-On Bonuses as Rivals Cut Back - Bloomberg

Wells Fargo & Co. will pay bigger sign-on bonuses to some new brokers as competitors including Morgan Stanley and Bank of America Corp. seek to …

Business

Dubai bank Emirates NBD launches e-commerce platform

SkyShopper is intended to encourage online shopping and build customer loyaltyThe post Dubai bank Emirates NBD launches e-commerce platform appeared …

Trends

ANZ Bank looks to DIY tech under Maile Carnegie

Maile Carnegie wants to “rewire” ANZ Bank by building up internal data and technology skillsets rather than outsourcing.<p>Carnegie, who left her role …

Innovation

US Bank Altitude Approved But MSers Be Wary

I applied for the US Bank Altitude card when I was in Trinidad but was initially rejected. When I called recon, the agent told me that the system …

UK prosecutors delay charging decision on Barclays Qatar fundraising to mid-June

LONDON (Reuters) - Britain's Serious Fraud Office said on Thursday that Barclays (L:BARC) and its former senior bankers will not know until around …

Stock Markets

What should you do now Travelex is closing Supercard?

<b>Travelex announced yesterday that it is closing Supercard, its 0% foreign exchange fee payment card.</b> Your card will cease to work on 24th …

Frequent-flyer Programs

25 Exchanges to Buy Bitcoin in the United States

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.<p>The US is home …

Cryptocurrency

Android Pay To Land In Canada This Month

Google recently announced that it would be launching Android Pay in five more countries soon and one of those countries is Canada and it looks like …

Android Pay

Levy shows relationship breakdown: Gonski

ANZ chairman David Gonski believes the bank levy is evidence of a breakdown in the industry's relationship with the public.<p>Mr Gonski said the lender …

We Trust Heart Surgery Robots More Than Banking Robots

We Trust Heart Surgery Robots More Than Banking Robots<p>HSBC surveyed 12,000 consumers and found twice as many would trust a robot to perform heart …

Robots

Tighter Global Banking Rules Tilt Against Europe's Lenders

If walking away from the table was a U.S. tactic in negotiations over global bank capital rules, it appears to have worked.<p>The result: European banks are going to face limits to the capital benefits they get from sophisticated risk models. That will ultimately mean higher capital requirements for …

Business

How Mastercard is bringing financial inclusion to crisis-affected areas

For many of the 65 million people around the world who have been forcibly displaced from their homes, the flight from a war or natural disaster means …

Business

Why SBI group banks' profit fell by Rs 11,984 crore

<b>Mumbai:</b> State Bank of India has merged its five associate banks -- State Bank of Jaipur and Bikaner, State Bank of Hyderabad, State Bank of Mysore, …

India

Could Wells Fargo's scandal boost mortgage discrimination lawsuits? L.A., other cities hope so

A recent Supreme Court decision that will allow mortgage discrimination cases against Wells Fargo and other banks to proceed is more than just another bad headline for the San Francisco financial giant.<p>As those cases progress, they represent yet another way that the bank’s practice of opening …

Wells Fargo

UK mortgage approvals slip in April, consumer borrowing speeds up - BBA

May 25 British banks approved the fewest mortgages in five months in April and the value of home loans grew at the slowest pace since August, industry figures showed, adding to signs of a slowdown in the housing market.<p>The figures from the British Banking Association also showed growth in consumer …

Brexit

South Korea central bank on hold as growth outlook upgraded, fiscal stimulus expected

SEOUL (Reuters) - South Korea's central bank kept interest rates steady on Thursday, taking an unusually bullish view of economic growth prospects as …

Central Banks

Banks Want to Raise Debit-Card Swipe Fees. Republicans Say No - Bloomberg

Wal-Mart and other retailers have beat back the finance industry’s latest lobbying campaign to let banks charge stores higher fees when customers use …

Business

Central bankers unveil code to crack down on currency market rigging

The architects of a new code of conduct that aims to clean up the global foreign exchange markets have conceded it will do little to stop currency traders who are intent on breaking the rules and manipulating the $5 trillion-a-day industry.<p>A new 81-page set of guidelines designed to restore public …

Business (UK)

Why Are You Trusting Fictional Characters With Your Money?

Conspiratorial narratives about financial markets are fun and entertaining, but make for bad financial advice.<p>The stock market is not a ponzi scheme …

Business

Keep your data safe in style with the Hammer Anvil RFID-blocking wallet

There is a constant arms race between cybercriminals and the companies charged with protecting customers’ data. For every new security measure that …

Could DLT underpin an entire wholesale payment system?

<i>Carolyn A. Wilkins is the senior deputy governor of the Bank of Canada. Gerry Gaetz is the president of Payments Canada.</i><p>A year ago, Payments Canada, the Bank of Canada, major Canadian banks and technology consortium R3 began an ambitious project – code-named Jasper. Its goal was to build and test …

Bitcoin

The end of cash us coming faster than anyone thought

Debit cards are set to overtake cash to be the UK's most frequently used payment method by 2018 - three years earlier than previously expected - …

Business (UK)

Phishing scam targets NAB customers with fake website

NAB online banking customers are the latest target of an email scam that tells victims their account has been disabled before prompting them to enter …

Identity Theft

This app lets you pre-order at independent coffee shops

iZettle v Starbucks?<p>Order & Pay<p>We introduced you to iZettle last year – the Stockholm-based company that sells Apple Pay/card readers small shops can</i> …

Coffee

Citi Launches Blockchain-Based Payments Service with Nasdaq for Private Equity

A major U.S. bank and financial exchange have married two blockchain-based systems to enable clients who are raising funds or swapping private shares …

Bitcoin

Best banks for millennials: These checking and savings accounts will actually help your money grow

Some banks understand what millennials want for their money, while others still don't. Giving away a toaster with that checking account to woo …

Personal Finance

What Will It Take For a Cashless Economy?

The biggest problem that a cashless economy faces is that there are still a number of people without smartphones.

India