Markets

3 February 2025

CFTC Shifts Focus to Fraud Prevention and Victim Support

Caroline D. Pham, the temporary leader of the Commodity Futures Trading Commission (CFTC), revealed that the agency had changed how it fights cheating in markets. She explained that the Enforcement Division had been rearranged to help people hurt by fraud...

3 February 2025

Major Banks Face Lawsuits Over CFPB Regulations

The United States President, Donald Trump has recently fired Rohit Chopra from the office of the head of Consumer Financial Protection Bureau. According to a source, the news of Chopra's dismissal got to him through an email from the White...

2 February 2025

nCino Names Sean Desmond as New Leader

nCino, Inc. said Sean Desmond is now President and Chief Executive Officer. He also joined the Board of Directors, and the change took effect immediately. Desmond takes over from Pierre Naudé, who will stay with the company as Executive Chairman...

2 February 2025

Solaris Successfully Closes €140 Million Funding Deal

Solaris, a German Banking-as-a-Service platform announced that it has received €140 million in new funds. The Series G financing round was guided by SBI Group and Boerse Stuttgart Group, with help from different investors and partners who gave support. According...

2 February 2025

Crypto Prices Fall After U.S. Adds New Trade Tariffs

The prices of popular cryptocurrencies dropped a lot in the past 24 hours. Some coins lost a quarter of their value after the U.S. introduced new trade tariffs on Canada and Mexico over the weekend. Many investors are now worried...

1 February 2025

Lloyds Hires Expert To Lead Responsible AI Efforts

Lloyds Banking Group has responded to the mounting pressure on banks to create rules around their use of artificial intelligence tools by picking Magdalena Lis as its head of 'responsible' AI. This comes after the bank hired Dr. Rohit Dhawan,...