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Category: Financial Services


Finance Tech, Financial Services, Industries, Mobile Banking & Payments

The convenience of buy now, pay later creates risks: Fitch

August 4, 2021

Via: Payments Dive

BNPL 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, […]


Financial Services, Trading

Global markets sink ahead of Fed update on economy

July 27, 2021

Via: ABC News

Global 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

American Express Blasts Earnings Forecasts on Post-COVID Spending Surge

July 23, 2021

Via: TheStreet

American 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

Wells Fargo, JPMorgan, Other Banks Expected to Post Revenue Drop

July 9, 2021

Via: TheStreet

The 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

Lloyds to shut 44 more bank branches – is yours one of them?

June 23, 2021

Via: Sky News

The 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

PayPal announces a rise in merchant fees for some transactions

June 21, 2021

Via: TechRadar

PayPal 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

JP Morgan swallows Nutmeg as it prepares for UK launch of new digital bank

June 17, 2021

Via: Sky News

The 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

Visa Inks Deal With Goldman for Global Corporate Payments

June 7, 2021

Via: TheStreet

Visa 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

Bank of America Raises Minimum Wage to $25 an Hour

May 18, 2021

Via: TheStreet

Bank 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

Stripe, PayPal drive payments acquisitions spree with 2 more deals

May 17, 2021

Via: Payments Dive

A 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 […]