#Fintech partnerships paid off for #Fifth #Third Bank this quarter. The largest gains came #from the bank’s ownership stake in the payment processing company Worldpay, formerly Vantiv. The sale of five million shares of common stock of Worldpay resulted in a $ 205 million pre-tax gain. As of June 30, the earnings report notes, Fifth Third owns 3.3% of […]
Bank Innovation
EXCLUSIVE—#Bitcoin #futures are the perfect medium for #investors curious about #cryptocurrency, as they #allow customers to #play “#both sides” of the #market, Rich Hagen, president of #Ally #Invest, told Bank Innovation. “What’s interesting about bitcoin futures is that you’ll have the ability to take both sides of bitcoin—it’s a two-sided market, you can go long […]
Bank Innovation
#Mobile banking active #user #growth accelerated for two of the nation’s largest #banks this quarter. #Wells Fargo, which had a challenging quarter in many other ways, had a particularly strong quarter in growing mobile banking users. JPMorgan #Chase and Wells Fargo & Co. (as well as Citigroup and PNC) reportedRead More
Bank Innovation
Reply