Hacker News with Generative AI: Banking

Fed announces withdrawal of guidance for banks on their crypto-asset activities (federalreserve.gov)
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities.
Cryptocurrency, Finance, Regulation, Banking
8 points by carimura 1 day ago | 0 comments
Crypto Might Get Some Banks (bloomberg.com)
A theme that I have written about a lot around here is that US banking seems to be getting narrower.
Cryptocurrency, Banking, Finance, USA
8 points by ioblomov 4 days ago | 5 comments
Show HN: We open sourced a $50M neobank (hackclub.com)
Hack Club launched HCB in 2018 to enable hackathons to raise and spend money through fiscal sponsorship.
Open Source, Fintech, Banking, Hackathons
28 points by garyhtou 27 days ago | 4 comments
Founder Charlie Javice found guilty of defrauding JPMorgan Chase (cnbc.com)
Finance, Fraud, Lawsuits, Business, Banking
3 points by _JamesA_ 28 days ago | 0 comments
Technical Analysis – Improper Use of Private iOS APIs in Vietnamese Banking Apps (verichains.io)
Yesterday, reports emerged in the Vietnamese infosec community that two popular banking apps – BIDV SmartBanking and Agribank – were using hidden / private iOS API to detect other apps installed on users’ iPhones.
Security, Mobile Apps, iOS, Vietnam, Banking
90 points by quyleanh 29 days ago | 22 comments
HSBC fired investment bankers on bonus day and gave them no bonuses (ft.com)
HSBC fired investment bankers on bonus day and gave them no bonuses
Finance, Business, Employment, Banking
6 points by cempaka 30 days ago | 1 comments
Two Americas, one bank branch, and $50k cash (bitsaboutmoney.com)
In the sciences they call it the file drawer problem: studies that fail to achieve significance or reach the "wrong" conclusion end up hidden away, creating a distorted picture of reality.
Banking, Economics, Social Issues
78 points by dangrossman 51 days ago | 66 comments
Banking's critical functions are vanishing into the cloud (ft.com)
It’s 9pm — do you know where your data is?
Cloud Computing, Banking, Data Security
8 points by anigbrowl 53 days ago | 2 comments
Citi group accidentally sends someone $81T (bloomberg.com)
I think the best job in tech, or at least my dream job, is designing the user interface for the payments department of Citigroup Inc.
Finance, Banking
23 points by hurrell 53 days ago | 7 comments
Citigroup credited client's account with $81T (theguardian.com)
The US bank Citigroup credited a client’s account with $81tn when it meant to send $280 – before the “fat finger” error was caught.
Finance, Banking, Errors, Human Error
13 points by svenfaw 56 days ago | 1 comments
Citigroup Makes (and Then Fixes) an $81T Mistake (nytimes.com)
Citigroup accidentally credited a client’s account with $81 trillion when it meant to send only $280, the latest mistake at a bank that is struggling to repair its reputation after a string of errors in recent years.
Finance, Banking, Mistakes, Business
7 points by reaperducer 56 days ago | 2 comments
Consumer Bureau Drops Lawsuit Against Capital One (nytimes.com)
The Consumer Financial Protection Bureau dropped a lawsuit against Capital One that claimed the bank cheated customers out of interest payments.
Finance, Lawsuits, Consumer Protection, Banking
6 points by insane_dreamer 57 days ago | 1 comments
Thousands report Lloyds, Halifax and TSB banking apps not working (bbc.co.uk)
Thousands of banking app users in the UK have reported issues affecting their ability to use them.
Banking, Technology, UK, Mobile Apps
9 points by ColinWright 57 days ago | 4 comments
Citigroup credits account with $81tn instead of $280 (ft.com)
Financial Errors, Citigroup, Banking
37 points by nprateem 57 days ago | 19 comments
Bank CEO: Retract your debanking piece? Me: No (kalzumeus.com)
Nathan McCauley, the CEO of Anchorage Labs, Inc. d/b/a Anchorage Digital, and a board member (and, on faith and belief, CEO) of a federally chartered bank, has requested a retraction of the piece Debanking (and Debunking?). He alleges inaccuracies, misleading statements, omission of key facts, and other improprieties.
Finance, Banking, Media, Censorship
282 points by feross 75 days ago | 75 comments
Why Banks May Be Hoping You're Not Paying Attention (nytimes.com)
They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and illegal?
Finance, Banking, Ethics, Consumer Rights
5 points by JumpCrisscross 79 days ago | 0 comments
It's Time to End the Bureaucrat's Secret Weapon: Debanking (coindesk.com)
"Debanking" has become a buzzword in Washington lately. The term refers to a controversial practice where crypto companies and other businesses have been cut off from banking services, allegedly due to pressure from federal regulators.
Cryptocurrency, Financial Regulation, Banking, Politics
10 points by kristianp 79 days ago | 4 comments
Barclays tells customers to contact food banks as IT disruption enters third day (news.sky.com)
Barclays has advised customers to contact food banks after a major IT glitch left some locked out of their accounts - with the disruption likely to continue today.
Banking, Technology, UK News, Food Banks
6 points by oldgradstudent 83 days ago | 0 comments
UK's Barclays Bank's online services hit by major technical outage (bbc.com)
Barclays customers are entering a third day of issues with payments and transactions as the bank struggles to fix ongoing technical issues.
Banking, Technology, UK, Outage
4 points by fork-bomber 83 days ago | 0 comments
Barclays bank hit by major IT outage on tax deadline day (bbc.co.uk)
Barclays bank is experiencing serious IT problems which are affecting its app and online banking, as well as payments in and out of accounts.
Banking, Technology, Finance, Business, UK
3 points by alt227 84 days ago | 0 comments
Barclays Bank goes down on payday (the-independent.com)
Barclays’ app and online banking appear to be down.
Banking, Technology, Business, Finance
7 points by alt227 85 days ago | 2 comments
More than 130 Lloyds, Halifax and Bank of Scotland branches to close (news.sky.com)
Lloyds Banking Group is to close a further 136 branches.
Finance, Banking, Business, United Kingdom
14 points by ksec 86 days ago | 3 comments
HSBC to exit parts of investment banking business in UK, US and Europe (ft.com)
Financial News, Banking, Investment Banking, UK, Europe
3 points by mobilio 88 days ago | 0 comments
No one is disrupting banks – at least not the big ones (popularfintech.com)
The largest U.S. banks just reported their fourth quarter and full-year 2024 results. And you know what? Banks are doing really well. This made me realize that, unfortunately, despite almost 30 years of trying, Fintech companies have not disrupted banks. At least, not the big ones.
Finance, Banking, Fintech
232 points by kazanins 90 days ago | 433 comments
Ask HN: Why are banks charging so many fees for accounts and cards? (ycombinator.com)
I'm trying to understand why banks still charge account fees and card fees, especially when they don't seem to make significant profits from them.
Finance, Banking, Business, Economics
61 points by Lopsii 90 days ago | 79 comments
FDIC sues 17 former Silicon Valley Bank executives over collapse (cnn.com)
Finance, Lawsuits, Banking
8 points by kristianp 98 days ago | 1 comments
FDIC sues 17 former Silicon Valley Bank executives over collapse (cnn.com)
Finance, Lawsuits, Banking
10 points by pseudolus 99 days ago | 0 comments
How Can a Major Bank Like Capital One Be Offline for 24 Hours? (nbcnews.com)
Capital One said an unspecified technical issue was hampering customer account access Thursday, as some users reported issues with direct deposits.
Banking, Technology, Outage, Customer Service
18 points by wierdstuff 99 days ago | 15 comments
AmEx to Pay $108.7M for Deceptive Marketing and "Dummy" Account Information (justice.gov)
The American Express Company (American Express), based in New York, New York, has agreed to pay a $108.7 million civil penalty to resolve allegations that it violated the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by deceptively marketing credit card and wire transfer products and by entering “dummy” Employer Identification Numbers in the credit card accounts of its affiliate bank.
Financial Crime, Lawsuits, Banking, Credit Cards
16 points by impish9208 99 days ago | 0 comments
CFPB sues Capital One for 'cheating' customers out over $2B in interest (cnbc.com)
Finance, Lawsuits, Consumer Protection, Banking
11 points by happysingle 101 days ago | 0 comments