Theory states that a big increase in the money supply will result in runaway prices, and there are those who are adamant that the hundreds of billions of dollars the Bank of Canada intends to create over the next year can only end in a rerun of the 1970s.

While the Italian people have been on lockdown, its digital businesses have been spared the brunt of the recession, as companies continue providing vital services to the quarantined. Just before the COVID-19 pandemic assailed the Mediterranean country, Italy’s Hype bank, a mobile-first challenger bank, sealed a deal with bitcoin startup Conio to add BTC support. The agreement means that Hype’s 1.2 million customers will be able to buy, sell, and store bitcoin directly within their banking app.

It was the year the neo-liberal economic orthodoxy that ran the world for 30 years suffered a heart attack of epic proportions. Not since 1929 has the financial community witnessed 12 months like it. Lehman Brothers went bankrupt. Merrill Lynch, AIG, Freddie Mac, Fannie Mae, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo and Alliance & Leicester all came within a whisker of doing so and had to be rescued.

This is crunch time for the big U.S. banks. They have steadily taken market share from their smaller brethren over the past decade and built large capital cushions with record earnings. Now, they must navigate an unprecedented period of economic stress while servicing—and showing leniency toward—hard-hit businesses and consumers.

Bitcoin advocate and Twitter CEO Jack Dorsey just had his application to launch Square Financial Services Inc. approved by the FDIC.

Federal Reserve makes announcement before markets open.

The bank reached a settlement with federal prosecutors and the Securities and Exchange Commission after abusing customers.

HSBC on Tuesday said it would cut around 35,000 jobs and dramatically overhaul its business after its profit plunged by a third in 2019. The bank plans to reduce its global headcount by roughly 15% to 200,000 over the next three years, a company spokesperson said, although the precise figures have not been finalized.

HSBC has said it will axe around 35,000 jobs as it announced profits for 2019 fell by about a third. That has spurred the bank to target $4.5bn (£3.5bn) of cost cuts by 2022 as part of a major restructuring. The bank's interim chief executive, Noel Quinn, said HSBC would scale back its headcount from 235,000 to about 200,000 over the next three years.

The global financial system sits on a precipice at the moment where the future is quite uncertain. Major central banks have had to start enacting policies in an attempt to keep their economies afloat and to stimulate spending. One of the negative backspins of this is that saving gets sacrificed in these policies.

Google and Apple are pushing into consumer banking without taking on the regulatory restraints that come with being a bank.

When I heard there’s a new banking app starting to trend, I had to take a look.I’ll be the first to admit, I haven’t looked at banking options for awhile I figured “they‘re all bad if you really look into it, so why bother?”. Actually… they’ll pay you AND a charity $25 each if you try it, so now you kinda have to for the sake of the children (or whatever).

A JPMorgan employee and a customer secretly recorded their conversations with bank employees. Jimmy Kennedy earned $13 million during his nine-year career as a player in the National Football League. He was the kind of person most banks would be happy to have as a client.

It is the stuff of financial nightmares. You get one digit wrong on the sort code, and send a huge amount of cash to the wrong person. They refuse to return it, and the bank washes its hands of the matter, blaming you for the mistake. That’s what happened to Peter Teich in a case that reveals shocking lapses in Britain’s banking system.

Deutsche Bank isn't known for its gold bugs, but that hasn't stopped its strategist Jim Reid from writing a paper that discusses "the start of the end of fiat money." Reid's basic contention is this: The dominance of the fiat currency system since Richard Nixon decoupled gold from the dollar in 1971 "is inherently unstable and prone to high inflation," and an offsetting disinflationary shock that kept it afloat since 1980 is now slowly reversing.

The next decade is likely to see higher prices and interest rates and a reversal of globalisation, but also a reduction in inequality and increased climate action, predicts one of the world's biggest banks.

At 10am on a late November morning in Freiburg, Germany, a bank employee noticed something was wrong with a bank ATM. It had been hacked with a piece of malware called "Cutlet Maker" that is designed to make ATMs eject all of the money inside them, according to a law enforcement official familiar with the case.

Your Visa card number may seem like a complicated, meaningless set of numbers, but it actually means something. It's also not that complicated.

Your KeyBank routing number is a unique nine-digit code you will need for online transactions. See this post to learn how to find it.

Your Bank of America routing number is a nine-digit code you will need for banking transactions in the United States. Here, we have a list of all of them.