News Formal

International Finance: Citi’s Fraser warns mobile money is ‘game changer’ for bank runs

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

Citigroup CEO Jane Fraser said mobile apps and consumers’ ability to move millions of dollars with a few clicks of a button mark a sea change for how bankers manage and regulators respond to the risk of bank runs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They only realised this when it happned, not before? How idiotic is that? This should have been factored into regulation long ago.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN courts strategic investors as fintech earnings growExperience in the financial services sector wanted, not just capital, says CEO Ralph Mupita
Source: BDliveSA - 🏆 12. / 63 Read more »

MTN courts strategic investors as fintech earnings growExperience in the financial services sector wanted, not just capital, says CEO Ralph Mupita
Source: BDliveSA - 🏆 12. / 63 Read more »

TikTok CEO says company at 'pivotal moment' - TechCentralTikTok faces a 'pivotal moment' as a growing number of US lawmakers seek to ban the popular app, its CEO said.
Source: TechCentral - 🏆 8. / 71 Read more »