Consumer Financial Services (TRBC)

Kenya moves to regulate fintech-fuelled lending craze

Kenya moves to regulate fintech-fuelled lending craze

Published 26/05/2018

(This May 25 story corrects first name of Capital Markets Authority CEO to Paul, not Peter, paragraph 29) By Maggie Fick and Omar Mohammed NAIROBI [more…]

The next frontier in workplace wellness: financial health

The next frontier in workplace wellness: financial health

Published 24/05/2018

NEW YORK (Reuters) - Study after study shows that money stress can be as bad for workplace productivity as back pain. The latest study, released [more…]

Ackman says Pershing Square Holdings up 0.1 percent this year

Ackman says Pershing Square Holdings up 0.1 percent this year

Published 17/05/2018

BOSTON (Reuters) - Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on [more…]

Parents inch closer to college saving goals, study says

Parents inch closer to college saving goals, study says

Published 17/05/2018

NEW YORK (Reuters) - When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals - [more…]

China property investment growth slows, sales dip on increased curbs

China property investment growth slows, sales dip on increased curbs

Published 15/05/2018

BEIJING (Reuters) - China’s property investment growth slowed in April while sales marked their biggest fall in six months as higher borrowing costs and increased [more…]

Australia grants first banking license to online startup

Australia grants first banking license to online startup

Published 07/05/2018

SYDNEY (Reuters) - Australia authorized its first banking license to an internet-only startup on Monday, a step the banking regulator said it hoped would improve [more…]

Australia’s AMP rejects criminal allegations, names veteran banker…

Australia’s AMP rejects criminal allegations, names veteran banker…

Published 04/05/2018

SYDNEY (Reuters) - Australia’s AMP Ltd (AMP.AX) denied allegations it had submitted a doctored report to a regulator and committed a criminal offense, saying an [more…]

China’s Baidu to sell majority of financial services unit for $1.9…

China’s Baidu to sell majority of financial services unit for $1.9…

Published 30/04/2018

(Reuters) - China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led [more…]

Emboldened by Trump, banks push to throw off old rule constraints

Emboldened by Trump, banks push to throw off old rule constraints

Published 27/04/2018

WASHINGTON (Reuters) - Emboldened by President Trump’s pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to scrap or [more…]

Wells Fargo agrees to pay $1 billion to settle customer abuses

Wells Fargo agrees to pay $1 billion to settle customer abuses

Published 20/04/2018

(Reuters) - Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of [more…]