The latest headlines on the impact of technology on the wealth management industry.
Robinhood Markets Inc. is once again getting unwanted scrutiny in Washington after some of the brokerage’s customers took advantage of a flaw that allowed them to make highly leveraged trades without putting down enough cash to back the transactions.
A glitch in the Robinhood Markets Inc. system is allowing users to trade stocks with excess borrowed funds, giving them access to what amounts to free money.
U.S. Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision.
Robinhood Markets Inc. is giving banking another shot, 10 months after its first attempt at a checking and savings product flamed out in spectacular fashion.
Neighborly, a startup that once sought to upend the way securities are sold in the $3.8 trillion municipal-bond market, idled its employees after an unsuccessful effort to raise money to stay afloat, according to a memo obtained by Bloomberg News.
(Bloomberg) — TransferWise Ltd., one of Europe’s largest financial technology startups, said its revenues grew by more than half in…
A Russian hacker admitted Monday that he executed the largest known cyber-attack against a U.S. bank, pleading guilty to charges that he stole data on more than 80 million clients of JPMorgan Chase & Co. and other institutions that netted hundreds of millions of dollars in ill-gotten gains.
Fintech Fundbox Inc. has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company plans to announce the funding on Tuesday, along with a new $150 million credit facility.
Cryptocurrencies such as Monero, Zcash and Dash, which can to varying degrees obfuscate transactions, are making it harder for exchanges and custodians to comply with fresh international guidelines to prevent illicit financing.
They said it revealed some patterns that could help investors avoid credit-rating downgrades or defaults without reading through hundreds of pages of reports.
The Winklevoss brothers say they have a solution for one of the dilemmas faced by cryptocurrency investors: Keeping digital coins protected against theft versus maintaining quick access for trading.