With the fintech world gathering in Las Vegas this week for Money20/20 there was quite a lot of fintech news.
News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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The news was led by Goldman Sachs again this week as we learned the details of their restructuring. Mastercard is getting deeper into crypto, the CFPB is in turmoil, Voyager Digital customers may get 72% of their assets back and Chase is looking to move into small business payments.
Goldman Sachs leads off the news this week with some bad news and some good news. Step raised a huge debt round (eschewing equity), BNY Mellon is getting into crypto, which makes Custodia Bank very unhappy. And of course, there were plenty of crypto stories to round out the news.
Lots of news from or about the government this week with FSOC warning on the dangers of crypto, the White House laying out plans for AI and Congress giving up on crypto legislation for this year.
Another busy news week in fintech with the Celsius bankruptcy saga taking another turn. We also had news from Block's Square small business unit, SWIFT partnering with Chainlink, JPMorgan's UK bank celebrates one year and more.
A variety of fintech news this week with FTX reportedly raising $1 billion, Stash announcing they have built their own core, bidding for Voyager assets, Nasdaq launching crypto custody, Adyen partnering with Cash App and more.
The news this week was dominated by the Ethereum Merge that happened early Thursday morning
The OCC is concerned about bank-fintech partnerships, Revolut looks to take on PayPal, Binance is making stablecoin moves, Coinbase is suing the U.S. Treasury and more.
It seems like SBF is in the news every week lately, as is Goldman Sachs. Also making news this week we have Ramp getting into BNPL and blockchain making inroads on Wall Street. Here are what I consider to be the top ten fintech news stories of the past week.
This week we had the Fed finalizing guidelines for access to its payment systems, a look at the Visa-Mastercard duopoly, projections on what an Apple checking account might look like, Affirm CEO wishing for a recession, fintech lenders with higher borrowing costs and more.