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India OKs Facebook Subsidiary’s Acquisition Of Jio Platforms Share

PYMNTS

CCI said Jaadhu is a wholly owned Facebook subsidiary, which was started in March of this year under Delaware state laws, according to a press release. It also has all of Reliance Jio Infocomm Limited’s (RJIL) outstanding and issued share capital.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct.

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Chapter 11 Watch: Hanjin’s Latest Lifeline, Caesars Raises The Stakes And E-Cigarette Troubles

PYMNTS

NJOY, one of the largest makers of e-cigarettes, filed for bankruptcy protection in Delaware federal court on Sept. The company raised $70 million in a capital round in 2013 that valued the company at $1 billion and has some big-name investors, including Napster Founder Sean Parker, PayPal Founder Peter Thiel and singer Bruno Mars.

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From Farce to Menace

Independent Banker

Talk about your captive regulator! Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. When credit unions say “jump,” the NCUA says, “how high?”.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

Goldman Sachs entered and dominated personal digital lending, runs a neobank and roboadvisor, bought a large digital wealth footprint in United Capital, launched a credit card in partnership with Apple, and is now looking into cryptocurrency stablecoins ?—?something Do you think we will see another moment like this in our careers?

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Sizzle/Fizzle: In Banking, Truth as Currency

PYMNTS

The jury is also still out as to whether London will remain Europe’s banking capital. Learning experiences have included $185 million in fines and penalties from regulators (including the CFPB) and a few rounds of public excoriation for its executives on Capitol Hill. The future is hazy at best. Santander Consumer USA Holdings, Inc.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Banks are among the growing number of financial services giants investing in blockchain startups such as R3 CEV, which is working with an 80+ member consortium of banks, regulators, and technology partners to develop Corda, a blockchain platform designed to be the “new operating system” for financial markets. CROWDfunding.