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Goldman-backed digital bank Starling boycotts Meta over scam ads

British digital bank Starling says it is boycotting Facebook parent company Meta over its failure to tackle fraudulent financial adverts. Anne Boden, Starling’s CEO and founder, said her firm would no longer pay for advertising on Facebook and Instagram while scammers were targeting its customers. In an annual letter published Thursday, Boden...
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Bank seizure snuffs out hope for quick India shadow bank revival

By Suvashree Ghosh, Rahul Satija and Divya Patil India’s decision to seize control of its fourth-largest private bank at a time when the coronavirus is roiling markets risks prolonging a credit crunch among the nation’s non-traditional financiers. The Yes Bank LtdNSE 2.00 %. takeover last week marked the first instance of...
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