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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability. Central bank digital coins on the Continent – but plenty of room for cash.

Boston 227
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CFPB announces senior leadership changes

CFPB Monitor

The individuals and their backgrounds as set forth in the CFPB’s press release are as follows: Andrew Duke will serve as the Policy Associate Director for External Affairs. Mr. Duke has 27 years of experience in public policy, including 20 years on Capitol Hill serving with three different members of Congress.

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2021 GonzoBanker Awards

Gonzobanker

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. Has to be M-O-E. Bank Merger of the Year. So which merger was the best in 2021?

Fintech 147
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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Additional director level staff members are also being hired to specifically address privacy policy legislation, protection, and other concerns. Collectively, FAMGA has poured nearly $2.5B Confirm.io

Google 76
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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.

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Retail’s Small Business Crisis

PYMNTS

Source: Beyond Antitrust: The Role of Competition Policy in Promoting Inclusive Growth Jason Furman Chairman, Council of Economic Advisers. Source: Beyond Antitrust: The Role of Competition Policy in Promoting Inclusive Growth Jason Furman Chairman, Council of Economic Advisers.

Retail 134
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Travel, Retail Takes A Hit From The Coronavirus 

PYMNTS

Three quarters — or 75 percent — of companies in a poll noted they sidelined trips to Hong Kong, Taiwan, China and other places in the Asia-Pacific region. In the markets, Wall Street banks are in discussion with regulators about putting aside rules against brokers telecommuting.

Retail 151