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About one-quarter of shareholders voted Tuesday to oppose the card network's compensation proposal. Former CEO Ajay Banga's 2020 pay package tops chief executive pay at four of the six largest U.S. banks.
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Central banks strike a second blow against digital tokens. Stablecoins, too, this time. The dissonance between market and government may come down to timing, or an age-old pattern concerning risk.
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The Cincinnati bank follows another Ohio-based lender in tailoring its financial services to the healthcare industry. Cleveland-based KeyBank launched Laurel Road for Doctors in March.
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The bank said last year it wants to move more money around the world for large companies — a more stable revenue stream than trading. Goldman says its technology platform can open accounts in minutes instead of months.
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With the hiring of a new manager for blockchain and digital currency, Discover Financial is planting a flag in the card company race to grab a share of money increasingly flowing through cryptocurrencies..
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The case highlights the challenges cannabis industry-serving companies face as banks remain reluctant to associate with a drug that's still illegal on a federal level.
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