Finance

Why Did Cross River Bank Drop Its $4 Million Lawsuit Against First Data?
Finance Why Did Cross River Bank Drop Its $4 Million Lawsuit Against First Data?

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 Moves Towards FDX Standards, Enhancing Consumer Control
Finance Open Banking Moves Towards FDX Standards, Enhancing Consumer Control

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

How Did SoftBank Achieve a $7.7 Billion Profit Surprise?
Finance How Did SoftBank Achieve a $7.7 Billion Profit Surprise?

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

Trump's Economic Policies: Pros and Cons for Personal Finances
Finance Trump's Economic Policies: Pros and Cons for Personal Finances

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

Block Integrates Afterpay with Cash App Card to Expand BNPL Access
Finance Block Integrates Afterpay with Cash App Card to Expand BNPL Access

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

How Will SBM Offshore's FPSO Jaguar Impact the Offshore Industry?
Finance How Will SBM Offshore's FPSO Jaguar Impact the Offshore Industry?

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,

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