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Varo
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Summary
location iconSan Francisco, California
website
company sizeCompany size: 501-1000
total assetsTotal Assets: Up to $2B

Varo is a digital bank and was the first consumer fintech business to become a charted national bank. Varo's goal is to leverage its financial technology platform to offer financial products and services to positively impact inequality in traditional financial services.

Categories
Commercial Banks
Digital Services
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Varo - Recent News & Articles

Moody's hands France surprise downgrade over deteriorating finances

Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided lawmakers into backing his efforts to rein in the...

Source: Reuters

PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target

Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — ...

Source: Yahoo Finance

CFPB announces rule limiting bank overdraft fees

The Consumer Financial Protection Bureau announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. Th...

Source: CNBC

Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago

The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For ...

Source: CNBC

National Center for Public Policy Research proposes BTC treasury to Amazon

The National Center for Public Policy Research — a Washington DC-based think tank championing free markets — submitted a shareholder proposal to Amazon saying that a Bitcoin corporate treasury strateg...

Source: Cointelegraph

Asia Economy India’s central bank revises down economic growth forecast for 2025, keeps interest rate steady

India’s central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia’s third-largest economy. The ce...

Source: CNBC

South Korea’s central bank cuts key interest rate to nurse a slower economy

South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy meeting, ...

Source: AP News

Bank Leaders Expect Merger Activity to Accelerate in 2025

Nearly half of bank leaders believe their institutions will buy another bank in 2025, suggesting a potential uptick in merger activity in the coming year, according to a new survey on M&A by Bank Dire...

Source: Banking Exchange

Bank of England Seeks Ability to Lend to Non-Bank Financial Institutions

The Bank of England aims to develop the ability to lend to non-bank financial institutions (NBFIs). It is doing so to address potential liquidity challenges in core financial markets that could threat...

Source: PYMNTS

US Bitcoin reserve during Trump presidency could pump BTC to $1M

A Bitcoin-related bill is gaining support in the United States, signaling a potential boost for the cryptocurrency’s value, which could hit $1 million. Former President Donald Trump’s victory in the 2...

Source: Cointelegraph