FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of…
Former Arm CEO criticizes Britain for not holding onto its top tech firms
CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift…
JD Vance urges billionaire Peter Thiel to back Trump campaign: ‘Get off the sidelines’
Donald Trump’s presidential running mate JD Vance is urging Silicon Valley billionaire Peter Thiel to “get off the sidelines” and…
Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs…
This AI-powered financial advisor has quickly gained $20 billion in assets
An automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive…
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
After a yearlong search, Rana Robillard was elated to learn she’d beaten three other bidders for a house in the…
Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury
LONDON — Craig Wright, an Australian man who claimed to be the inventor of bitcoin, was on Tuesday referred to…
Citigroup tops expectations for profit and revenue on strong Wall Street results
Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.…
Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the…
How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts
When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her…
