The Week in Review

The Week in Review

Friday June 1, 2018 –

Here are the new and noteworthy stories we have been following this week.

Europe’s bank bosses stress need for consolidation

Scale and competitive pressures are driving discussions around bank consolidation in Europe.

Investors Bet $4 Billion on a Cryptocurrency Startup is on track to raise more than $4 billion through a yearlong sale of digital tokens.

Citigroup won’t use high deposit rates to win digital accounts: executive

Citi to market digital banks accounts to its credit card customers.

Big Banks to Get a Break From Limits on Risky Trading

Federal bank regulators have unveiled a sweeping proposal to soften the Volcker Rule.

Santander Plunges After Report Fiat Chrysler Is Considering Its Own Lending Unit

Fiat Chrysler is considering its own captive auto finance unit.

PM Modi Launches BHIM, RuPay, and SBI Apps in Singapore

RuPay and NETS bilaterla deal finalized.

The number of new banks in America has fallen off a cliff

Since 2012 more than 2,000 American banks have closed.

IMF Brings Key Stakeholders Together to Foster Collaboration on Fintech

The IMF is expanding its High Level Advisory Group on Finance and Technology, to strengthen the representation of national authorities and international organizations.

Visa outage: payment chaos after card network crashes – as it happened

Visa suffers outage in Europe.