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JPMorgan’s UK digital bank has more than 1M customers

JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it one of the UK’s...

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Klarna’s sales and losses grow as it builds US business

Klarna Bank AB said losses more than trebled in the first half of the year, ahead of a cost-cutting drive that’s set to temper...

Cash is king for South African banks planning digital transition

South African banks see physical money remaining key to their business as almost a third of their customers aren’t ready to go cashless, according...

Bank behind fintech’s rise reels in billions in pandemic’s wake

One of the fastest growing banks in the US is on a mission to rewire the industry. It has also touched some nerves. Cross...

Buy-now-pay-later firms switch from Gen Z shoppers to businesses

Fresh from their shake-up of Gen Z’s shopping habits, buy-now-pay-later firms are now targeting business payments as the next sector ripe for disruption. Startups...

FinTech Futures Jobs: Is now the time to ask for a raise?

With inflation steadily climbing, several fintech companies announcing layoffs, and the continued knowledge that those who work in fintech have enjoyed higher rates of...

Warren to target bank crypto offerings in US regulator query

Massachusetts Democrat Elizabeth Warren is circulating a letter among her Senate colleagues that would ask a key US bank regulator to withdraw legal guidance that has...
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Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence

The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold,...

Robinhood crypto unit fined $30M by New York regulator

Robinhood Markets Inc.’s cryptocurrency arm was fined $30 million by New York’s financial regulator after the brokerage was accused of violating anti-money-laundering and cybersecurity...

Visa, Mastercard swipe fees targeted in planned Senate bill

Two US senators plan to introduce legislation as early as this week that would give merchants the ability to route Visa Inc. and Mastercard...

Binance CEO sues Bloomberg subsidiary alleging defamation

Binance chief executive Changpeng Zhao is suing Bloomberg Businessweek in Hong Kong, accusing the outlet of defamation.On July 25, the Binance CEO, known by...

Decentralized finance versus traditional finance: Key differences

Something we say a lot here on the Bloomberg Crypto team is, “everything old is new in crypto.” And what we mean by that...

Cryptocurrency vs. Stocks: Where Should You Put Your Money?

There is no denying that cryptocurrency has taken the world by storm in recent times. According to Bloomberg, these digital currencies are estimated to...
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