Big banks face enhanced regulations on redlining

Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas.  Under Tuesday’s plan, the landmark 1977 Community Reinvestment Act will for the first time cover online and mobile banking services. That means the grades that regulators give firms for lending...

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Deutsche Bank shares surge 7% after net profit beats expectations

Deutsche Bank shares popped on Wednesday, after the lender slightly beat expectations with its thirteenth straight profitable quarter and said it would increase and accelerate shareholder pay-outs.Third-quarter net profit was 1.031 billion euros ($1.06 billion), above an analyst consensus of quarterly net profit attributable to shareholders of 997 million...

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Triple-A gets funding from Peak XV to help more businesses use crypto

Created by the founder of Thunes, global digital currency payments institution Triple-A wants to close the gap between traditional finance and blockchain-based payments with its white-label solutions for businesses. It enables clients to pay in or accept crypto and get fiat money in their bank accounts the next day. Triple-A...

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