What Mastercard and Citigroup get from their global payments partnership
The giant card network and the global bank are combining their scale to boost real-time cross-border transfers as fintechs target the market.
Australia bans some card fees; Revolut tops UK fraud reports
Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.
CFPB’s Chopra pans so-called ‘Chopra doctrine’ of expanding authority
Rohit Chopra, the director of the Consumer Financial Protection Bureau, said his tenure at the agency could be characterized as simply reading statutes rather than finding novel ways to enforce regulations.
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.