Category: Financial Services

August 4, 2021

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, […]

July 27, 2021

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, […]

July 23, 2021

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 […]

July 9, 2021

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 […]

June 23, 2021

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 […]

June 21, 2021

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 […]

June 17, 2021

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 […]

June 7, 2021

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 […]

May 18, 2021

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 […]

May 17, 2021

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 […]