Real-time payments for rent: How an Australian bank fills a niche
Since the country’s instant-settlement network doesn’t cover everyone, ANZ is extending its excess capacity to other financial institutions. It’s a strategy that’s emerging in the U.S. and other markets.
The $23 million deal, signed in 2021 and initially projected to close in the second quarter of 2022, was delayed multiple times amid leadership turnover at the Los Angeles-based RBB.
German financial watchdog BaFin has appointed an independent monitor to oversee Deutsche Bank's progress in resolving issues at its consumer unit. It's the second time BaFin has taken the unusual step since Christian Sewing became CEO in 2018.
The Federal Reserve governor said existing reports, including one published by the Fed's inspector general last week, were too limited in scope.