January 2024

Shares of Signature Bank, which was hailed as the saviour of the failed bank, plunged after the lender reported worse-than-expected earnings and took a hefty provision against loan losses. Net interest income

TLDR: The National Bank of Coxsackie has announced two promotions within their organization. Charlene Slemp has been promoted to Senior Vice President/Chief Lending Officer, and Brenda Bellinger has been promoted to Branch

In a surprising move, PayPal has announced that it will be laying off around 2,500 employees, which constitutes 9% of its workforce. This news comes just days after another fintech, Brex, also

TLDR: – Brett Maher has been a PwC Principal and US Lead for Financial Transformation for Insurance and Financial Services for over 11 years. – He specializes in building more effective finance

TLDR: – Nomura is cutting people in the US but is still hiring in London as it expands its equities business. – The bank has hired two senior individuals for its equities

TLDR: PB Fintech, the parent company of insurance aggregator Policybazaar, has reported a net profit of ₹37.2 crore for Q3 2023, compared to a net loss of ₹87.6 crore in the same

Lea Bank ASA, a digital bank based in Norway, has announced that it has applied for a banking license in Sweden. The bank has seen rapid growth in recent years, with over

TLDR: Atle Skalleberg has been named Executive-in-Residence at private equity firm Great Hill Partners. Skalleberg, an experienced operator, will work with the firm to identify investment opportunities in the travel industry as

TLDR: PNC, one of the national banks in the US, plans to close over twenty branches this year, following the closure of over 200 locations last year. The list of locations to

Just What Exactly Does the Federal Reserve Have Against Banks? TLDR: – The Federal Reserve has a history of implementing price controls that are detrimental to banks and their ability to offer