Tag: Bank of America

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.

Low-code application development platform Genesis Global has received a $20m investment from Bank of America, BNY Mellon and Citi.

The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.

Banked, a global real-time payments network, has closed its Series A funding round on $20m.

Bank of America has reportedly agreed to pay $75m in the settlement of a lawsuit, which accuses the bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts.

Affirm began trading on the Nasdaq on Wednesday with its shares jumping by more than 100% in the first day, laying the groundwork for huge growth in the buy now pay later space.

Enso Security, which builds application security posture management, has closed its seed round on $6m.

The role of the chief risk officer is changing for good. It will not come as a surprise to many that technology will help this change, but there are other factors at play, including a merger with the chief financial officer.

Neptune Networks, a data platform for the bond market, has scored $15m in a funding round which was raised from a number of institutional investors.

Visible Alpha, a startup helping analysts and fund managers cope with regulatory changes, has landed further investment from HSBC.