Financial Services, Industries
October 26, 2021
Via: Markets InsiderShares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up […]
Financial Services, Industries, Retail & Wholesale
October 15, 2021
Via: The Wall Street JournalWalmart Inc. is building a new weapon in its war with Amazon.com Inc. : a fintech startup. The retail giant is helping launch a new company, helmed by two former Goldman Sachs Group Inc. executives, that aims to provide financial […]
Financial Services, Industries
October 12, 2021
Via: Seeking AlphaThis is the week that the big banks begin to release their earnings for the third quarter of the year. Although profits will show relatively well, there seems to be an undercurrent in expected earnings that point to the future […]
Financial Services, Industries
September 29, 2021
Via: The Wall Street JournalSeveral former employees of stock-trading platform Robinhood Markets Inc. are building a new fintech startup for small businesses. San Francisco-based Parafin Inc., which is also backed by some of Robinhood’s early venture investors, is reaching small businesses via partners to […]
Financial Services, Industries
September 2, 2021
Via: Investing.comWestern Union Co is resuming money-transfer services to Afghanistan, a senior executive told Reuters on Thursday, a decision he said was in line with a U.S. push to allow humanitarian activity to continue after the Taliban’s takeover. The world’s largest […]
Financial Services, Industries
August 24, 2021
Via: TechRadarDespite the fact that open banking allows both consumers and SMBs to have more financial freedom, new research from the API management company Axway has revealed that half of Americans have never heard of the term. For those unfamiliar, open […]
Finance Tech, Financial Services, Industries, Mobile Banking & Payments
August 4, 2021
Via: Payments DiveBNPL providers are rushing to the U.S. market as brands and retailers build the option into shopping experiences. The domestic market is still seen as relatively new by international players, making it a frontier for potential growth. Just this week, […]
July 27, 2021
Via: ABC NewsGlobal stock markets declined Tuesday as investors looked ahead to a Federal Reserve report for an update on when U.S. stimulus might start winding down. London and Frankfurt opened lower while Shanghai and Hong Kong declined. Tokyo advanced. On Monday, […]
Financial Services, Industries
July 23, 2021
Via: TheStreetAmerican Express Co. (AXP) – Get Report posted stronger-than-expected second quarter earnings Friday thanks to a post-pandemic boom in consumer spending and the release of loan loss reserves. American Express said diluted earnings for the three months ending in June […]
Financial Services, Industries
July 9, 2021
Via: TheStreetThe six biggest U.S. banks, including JPMorgan Chase (JPM) – Get Report and Wells Fargo (WFC) – Get Report, are scheduled to report second-quarter earnings next month, and the results aren’t expected to be pretty. The six behemoths will produce […]
Financial Services, Industries
June 23, 2021
Via: Sky NewsThe closures will take place between September and November and add to 56 already shut earlier this year, taking the total to 100. Lloyds said the latest announcement included 29 Lloyds Bank branches and 15 Halifax sites. Vim Maru, the […]
Finance Tech, Financial Services, Industries, Mobile Banking & Payments
June 21, 2021
Via: TechRadarPayPal is set to raise fees for some of its most widely-used products, including digitial payments and Venmo, as it looks to bring them in line with other e-commerce products and services around today. The changes will mean that US […]
Financial Services, Industries
June 17, 2021
Via: Sky NewsThe move comes ahead of the expected UK launch of JP Morgan’s new digital bank, Chase, later this year. It follows the launch in Britain by Goldman Sachs, three years ago, of its digital savings bank Marcus. This proved so […]
Financial Services, Industries
June 7, 2021
Via: TheStreetVisa shares rose Monday as the credit-card giant announced a deal with Goldman Sachs GS that will allow the banking titan’s corporate customers to use Visa to make global payments. “Through its implementation of Visa B2B Connect and Visa Direct […]
Financial Services, Industries
May 18, 2021
Via: TheStreetBank of America (BAC) – Get Report said Tuesday that it was raising its minimum wage to $25 an hour, joining the raft of major companies that have recently boosted their starting pay. The Charlotte financial-services giant in March 2020 […]
Financial Services, Industries
May 17, 2021
Via: Payments DiveA spate of payments industry acquisitions continued last week with fintech Stripe saying Friday that it had acquired online fraud prevention company Bouncer, and the disclosure Thursday that payments giant PayPal snapped up returns processor Happy Returns. Those acquisitions follow […]
Financial Services, Industries
April 26, 2021
Via: TheStreetNew York Community Bancorp (NYCB) – Get Report agreed to acquire Flagstar Bancorp (FBC) – Get Report for about $2.54 billion of stock, the companies said. The deal creates a company with more than $87 billion in assets. It’ll operate […]
Financial Services, Industries
April 16, 2021
Via: CNBCMorgan Stanley reported Friday that first-quarter profit and revenue beat expectations on stronger-than-expected trading and investment banking results. The bank posted profit of $4.1 billion, or $2.19 a share, more than double the $1.7 billion earnings of the year-earlier period. […]
Financial Services, Industries
April 15, 2021
Via: CNBCBank of America reported Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan-loss reserves as fewer consumers were expected to default on debts. The bank posted a first-quarter […]
Financial Services, Industries
April 14, 2021
Via: CNBCGoldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s investment banking and trading businesses. The bank posted per-share earnings of $18.60, crushing the $10.22 estimate of analysts surveyed […]