Loeb's Third Point hedge fund commands a $3.4 billion stake in the AI-powered lending platform, despite investing only $90 million.
In a survey, 76% of execs said crypto will at least provide a strong alternative to fiat, which means financial firms must get on board or miss out.
Buffett's company has owned a chunk of American Express for close to three decades. The stock is up about 45% this year.
The billionaire investor's company plans to sell at least some of its 2.8% stake in Paytm when the Indian digital-payments startup goes public.
Only 3% of FDIC-insured banks and credit unions nationwide are considered minority depository institutions.
Square now holds 8,027 bitcoin, making it the third-largest publicly-traded holder of the digital asset after MicroStrategy and Tesla.
The company promised no layoffs and no reduced hours. It also increased flexibility and expanded benefits for parents.
The billionaire investor's company has made about $4 billion on American Express and $8 billion on Bank of America in under five months.
Up to 4,000 financial services firms in the UK are at risk of failing due to the coronavirus pandemic, the Financial Conduct Authority warned on Thursday. Insurance services groups, payments firms and investment managers reported a fall in liquidity. However, the watchdog said stronger markets and a return to economic […]
Underneath all the tragedy of the coronavirus pandemic is a massive digitization effort within nearly every industry across corporate America that promises to change how we shop, get healthcare, or even find our next job. There are many visible examples of this. Some Walgreens shoppers have already had a glimpse […]
Our financial services compensation database includes the most recently reported compensation data for executives from 66 financial services firms in the S&P 500. The database includes data for CEOs, CFOs, chief legal officers, and other business leaders from firms like Goldman Sachs, JPMorgan Chase, and Citigroup, and includes salaries, bonuses, […]
Jack Ma’s Ant Group filed for an initial public offering in Hong Kong and Shanghai on Tuesday, aiming to speed up its move into the financial services industry. The company is targeting a $US225 billion valuation and could raise as much as $US30 billion in the deal if demand holds […]
Wirecard, a once-valuable German fintech firm, filed for insolvency on Thursday as it battles a huge accounting scandal. More than $US2 billion went missing from the company’s balance sheet according to auditors, and Wirecard later admitted the money may never have existed. In a statement Thursday, Wirecard said it filed […]
North American banks could save $US70 billion by 2025 by using technology such as automation and artificial intelligence to trim workers and boost productivity, according to a Thursday study from Accenture. Savings across the entire financial services industry, which includes banking, insurance, and capital markets, could reach $US140 billion in […]
Financial statements and other filings obtained by The New York Times showed Jeffrey Epstein had no problem rebounding from various issues that plagued him – the 2008 financial crisis, losing his biggest client Les Wexner, and registering as sex offender after pleading guilty to two state counts of soliciting prostitution. […]
Apple last week launched its first-ever credit card, the Apple Card. The Apple Card lives entirely within the Wallet app on your iPhone. That means if you lose your iPhone, you won’t have a way to pay off your Apple Card bills. Apple did not make a traditional web portal […]
SentiLink, which creates technology to detect synthetic fraud, announced Tuesday that it raised $US14 million in funding. Synthetic fraud is when identities that are completely made up are used to apply for bank accounts, credit and other financial services. SentiLink is focusing on technology that identifies and prevents synthetic fraud, […]
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