Days after the SEC sued it, the US arm of Binance says it is suspending dollar deposits and that its banking partners are preparing to pause dollar withdrawal channels.
The British Business Bank has appointed Chantal Geall as its new Chief Risk Officer (CRO), effective from September 2023. Chantal Geall joins the British Business Bank from Lumon Pay, a private equity-backed firm that provides payment services and foreign exchange to private individuals, small businesses and institutions.
Anne Boden stepped down as CEO of Starling last month after clashing with investors over a sharp drop in the challenger's valuation, according to the Financial Times.
Starling Bank is introducing virtual cards for Joint Current Account customers, after a successful roll-out to Personal Current Accounts in December 2022. Joint Current Account holders can now use virtual cards to double down on their budgeting skills, keep track of joint subscriptions and spend with even more security.