Paige Smith
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Mastercard Plans To Cut 3% Of Staff Worldwide Amid Overhaul
Mastercard Inc. is cutting 3% of staff worldwide, according to a spokesperson for the payments network.
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Mastercard Plans To Cut 3% Of Staff Worldwide Amid Overhaul
Mastercard Inc. is cutting 3% of staff worldwide, according to a spokesperson for the payments network.
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Robinhood Tops Estimates as Crypto Revenue More Than Triples
Robinhood Markets Inc. posted its second straight quarterly profit Wednesday as higher interest rates and cryptocurrency trading fueled revenue growth.
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Vanguard Spurns Bitcoin ETF, Schwab Dives Right In, While Merrill Evaluates
When it comes to Bitcoin exchange-traded funds, many investors are discovering that approved does not mean available.
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Meta, Apple At Risk Of Increased Regulation Of Digital Wallets
Meta Platforms Inc., Apple Inc., Alphabet Inc. and other companies that offer digital wallets and payment apps would fall under US Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.
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Meta, Apple At Risk Of Increased Regulation Of Digital Wallets
Meta Platforms Inc., Apple Inc., Alphabet Inc. and other companies that offer digital wallets and payment apps would fall under US Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.
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Apple Warned By Top US Consumer Watchdog On Tap-to-Pay Tech
Almost 56 million consumers used Apple Pay for an in-store payment in April 2023 alone, the CFPB estimated.
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Becoming a Bank Proves Challenging for Fintechs Seeking Survival
In an era of soaring interest rates and intense competition, fintechs are increasingly deciding they need to become banks to ensure their longterm survival. They’re also finding that doing so isn’t easy.
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JPMorgan’s Best Quarter Ever Shows Big Banks Are In Rate Sweet Spot
With customers borrowing more and stomaching higher rates to do so, JPMorgan and Wells Fargo & Co. both lifted forecasts for revenue from loans as they reported second-quarter results Friday.
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JPMorgan’s Best Quarter Ever Shows Big Banks Are In Rate Sweet Spot
With customers borrowing more and stomaching higher rates to do so, JPMorgan and Wells Fargo & Co. both lifted forecasts for revenue from loans as they reported second-quarter results Friday.
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Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil
The collapses that claimed four US lenders this year have stuck investors with more than $54 billion of losses, after First Republic Bank’s demise added to the pile of nearly worthless securities and sent some peers into a new tailspin.
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Billionaire Family Expands First Citizens By Scooping Up Failed Banks
With his deal to buy the assets of Silicon Valley Bank, Frank B. Holding Jr. has now scooped up at least a dozen failed banks since 2008.
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Billionaire Family Expands First Citizens By Scooping Up Failed Banks
With his deal to buy the assets of Silicon Valley Bank, Frank B. Holding Jr. has now scooped up at least a dozen failed banks since 2008.
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Thousands Of Fintech Jobs Are Gone As Companies Cut Costs For First Time
Thousands of employees in the nascent financial-technology industry are losing their jobs as companies cut costs.
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US Banks See Customers Demanding Higher Yields On Deposits
The big banks are late to the party with their pledges, lagging behind higher-yield options readily available to consumers elsewhere.
