Meta program helps U.K. banks take down scammers’ social accounts
In a six-month pilot, NatWest and Metro Bank shared with Meta 185 URLs connected to scams, enabling the platform to take down 20,000 accounts.
Wealth management powers big quarter for Morgan Stanley
The New York-based investment bank reported higher revenues across all business lines, with double-digit increases in wealth management and investment banking.
Helping seniors avoid financial scams is just good business for banks
As financial fraud becomes more and more sophisticated, banks need to get proactive about protecting their customers from scammers. This is particularly true of seniors, whose deposits are a key source of banks' core deposits.
Klarna to sell $39 billion portfolio to Elliott
The Swedish company struck a deal to offload buy-now, pay-later loans that it originates in the U.K. as it looks for ways to free up capital ahead of its public debut.