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F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
Posted inBanking and Financial Institutions Bankruptcies Deposit Insurance Federal Deposit Insurance Corp Regulation and Deregulation of Industry

F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers

Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
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Posted by By Emily Flitter
Harland & Wolff, Titanic Shipbuilder, Files for Bankruptcy
Posted inBabcock International Group Bankruptcies HARLAND & WOLFF Ships and Shipping Titanic (Ship)

Harland & Wolff, Titanic Shipbuilder, Files for Bankruptcy

For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.
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Posted by By Eshe Nelson
How to Keep Your Money Safe if Your Online Lender Is Not a Bank
Posted inAssets, Frozen Banking and Financial Institutions Bankruptcies Evolve Bank & Trust Federal Deposit Insurance Corp Regulation and Deregulation of Industry Synapse Technology

How to Keep Your Money Safe if Your Online Lender Is Not a Bank

The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups.
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Posted by By Rob Copeland
$95 Million
Posted inBanking and Financial Institutions Bankruptcies E-Commerce Federal Deposit Insurance Corp Start-ups

$95 Million

The amount unaccounted for after the failure of a company that operated banking software for online financial start-ups.
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Posted by By Santul Nerkar

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