Four big banks to pay $billions to settle FX probes
We’re thinking of developing a template that says “(bank name) has agreed to pay a (insert dollar amount) fine for their role in (insert malfeasance) back in (date). That might be easier. Read the Alliance News report.
New crowdfunding platform takes up Christian baker cause
Continue to Give has stepped in to help the bakery owners facing legal fees associated with their choice to refuse service to a potential client after GoFundMe removed a previous campaign. Read their blog here.
Mobile banking finds fertile territory in Africa
A continent with a 25 percent banking rate but 80 percent mobile penetration is ripe for mobile banking, and that is precisely happening in Africa, says this report in the Economist.
New York grants first cryptocurrency charter
ItBit Trust Company becomes the first virtual currency company to receive a charter from New York State. Karen Freifeld reports.