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Monzo brings monthly payments to Apple Pay purchases

/payments

Monzo brings monthly payments to Apple Pay purchases

Monzo is bringing payment options to customers who choose to pay with Apple Pay.

AI ranking says banks lagging on climate action

/sustainable

AI ranking says banks lagging on climate action

Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance , according to a Large Language Model ranking developed by Climate X and Climate Proof.

Standard Chartered invests in crypto-asset platform One Trading

/crypto

Standard Chartered invests in crypto-asset platform One Trading

Standard Chartered's investment arm, SC Ventures, has joined a funding round for European crypto-asset exchange One Trading.

UK banks hail Regulated Liability Network experiments

/payments

UK banks hail Regulated Liability Network experiments

The UK's biggest banks have completed the experimentation phase of a Regulated Liability Network, claiming a number of benefits that the financial market infrastructure for programmable money operating on a multi-bank shared ledger could bring.

LSEG buys Axoni post-trade tech business

/markets

LSEG buys Axoni post-trade tech business

The London Stock Exchange Group (LSEG) has acquired the Veris post-trade processing business and related intellectual property from Axoni. Financial terms were not disclosed.

Citi COO shares responsibility for data overhaul following $136 million fine

/regulation

Citi COO shares responsibility for data overhaul following $136 million fine

Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

Barclays struggles to find buyer for UK merchants payments stake

/payments

Barclays struggles to find buyer for UK merchants payments stake

Barclays is having a hard time selling off a stake in its UK merchant payments unit with potential buyers baulking at the bank's valuation of the business, according to Reuters.

Northmill bank appoints new CEO Julie Chatterjee

/people

Northmill bank appoints new CEO Julie Chatterjee

Swedish bank Northmill has announced the appointment of a new CEO Julie Chatterjee, previously deputy CEO and chief commercial officer of Multitude bank.

Sweden's central bank threatens banks with legislation to protect access to cash

/payments

Sweden's central bank threatens banks with legislation to protect access to cash

Sweden's Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.

Regulator tells Wells Fargo to fix AML deficiencies

/regulation

Regulator tells Wells Fargo to fix AML deficiencies

Shares in Wells Fargo fell on Thursday after the bank inked a formal agreement with the Office of the Comptroller pledging to fix deficiencies in its financial crimes risk management practices and anti-money laundering internal controls.

Revolut’s Storonsky sells $300 million in company stock

/startups

Revolut’s Storonsky sells $300 million in company stock

Founder and chief exec at fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company.

Lloyds Banking Group plans 292 branch closures in 2025

/retail

Lloyds Banking Group plans 292 branch closures in 2025

Lloyds Banking Group has confirmed that it will be closing 292 bank branches across the UK in 2025.

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