Fintech

E-money firms grapple with the prospect of negative interest rates

The Electronic Money Association has staged discussions with its members about the potential impact

E-money firms grapple with the prospect of negative interest rates

When Sam Woods, chief executive of the Prudential Regulation Authority, sent a letter to firms seeking information about how negative interest rates would affect them on 12 October, he probably didn’t have fintech startups front of mind.

Yet the potential advent of customers having to pay banks to house their cash has caused ripple effects even among financial services’ more lightly regulated startups.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions