In an unexpected turn of events, Cross River Bank has decided to drop its high-profile lawsuit against Fiserv's First Data Merchant Services unit. The lawsuit was filed in the Eastern District of New York and centered around allegations that First Data attempted to evade contractual obligations
Open banking is revolutionizing the financial industry by providing consumers with unprecedented control over their personal financial data. Under Section 1033 of the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) has laid the groundwork for this initiative, aiming to boost
In a remarkable financial turnaround, Japan's SoftBank Group reported a net profit of 1.18 trillion yen, or approximately $7.7 billion, for the quarter ending in September, significantly exceeding analysts' expectations of 287 billion yen ($1.87 billion). The company managed to shift from a
As Donald Trump prepares for a potential return to the White House, his proposed economic policies are under intense scrutiny. These policies promise to reshape personal finances and the broader U.S. economy. This article delves into the key aspects of Trump's economic vision, examining both the
In a strategic move aimed at transforming how modern consumers interact with financial services, Block has announced the integration of its Afterpay buy now, pay later (BNPL) service with its popular Cash App debit card. With the imminent integration, this substantial change is set to impact
SBM Offshore's recent announcement of securing US$1.5 billion financing for the Floating Production Storage and Offloading (FPSO) vessel, Jaguar, is a significant development in the offshore industry. This investment, backed by a consortium of sixteen international financial institutions,
