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Category: Finance
One Banking Application Leaves NZ Competition Stuck Until 2028
Only one full banking registration sits with the RBNZ while capital rules and the Deposit Takers Act keep most new entrants waiting until the 2028 overhaul.
Armenian Banks Lock In Steady 6-7% Profit Path for 2026
Union of Banks sees natural 6-7% full-year profit growth after H1 AMD 214 billion, as lending is set to accelerate while the post-boom base effect and.
Big Banks Post Soaring Q2 Profits While AI Quietly Shrinks Payrolls
JPMorgan, Goldman and peers lifted or held 2026 guidance after double-digit Q2 gains, yet headcount keeps falling as AI efficiency and trading fees power the upside.
Cross River Bets Big on X Money Amid Sponsor Bank Pressures
Cross River Bank now fully backs X Money with FDIC accounts, 6% APY and Visa debit, testing its BaaS model as fintechs chase their own charters.
Nvidia’s $600 Billion OpenAI Bet Shadows a Global Tech Selloff
Chip stocks sank worldwide as Nvidia's expanding financing guarantee for OpenAI's Ohio data center exposed how circular the AI spending boom has become.
Banking Groups Push Fed to Define Who Qualifies for Skinny Accounts
Banking trade groups want the Fed to publish clear eligibility rules for its Skinny Payment Accounts, a move that could hand crypto firms a faster way in.
Estonia Already Beat Its Loan Sharks, and They Rebuilt on Facebook
A University of Tartu study finds Estonia's Facebook loan groups charging near 600 percent interest survive by dodging the courts that ended a 2009 crackdown.
Libertas Funding Names Sharlene Carnegie CTO as Growth Accelerates
Libertas Funding's new CTO Sharlene Carnegie inherits a lender that relies on WebBank to issue its loans, putting her compliance build-out on the bank's radar too.
Xero’s Revolut Business Deal Signals a Bigger New Zealand Bet
Xero's new Revolut Business link automates cross-border bookkeeping for New Zealand firms, part of an expansion push now valuing Revolut's business arm at $115.