Capital One, Discover fall on reports of DOJ antitrust concerns
Capital One Financial Corp. and Discover Financial Services shares fell after a report that staff at the US Department of...
Payments firm Klarna files for IPO, showing 24% revenue jump
Klarna Group Plc filed publicly for a US IPO in what could be one of the year’s biggest financial company...
Block subsidiary secures FDIC approval for Cash App Borrow loans
Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the U.S. Federal Deposit Insurance Corp. to...
Banks want US consumer regulator back to undo rules they loathe
Financial companies were rarely shy about their issues with the Consumer Financial Protection Bureau. But a largely shuttered consumer watchdog...
Wall Street flags new AI risks from hallucinations, criminal use
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and other Wall Street firms are warning investors about new...
Barclays’ £7.5 million bill joins growing list of bank IT issues
Barclays Plc’s recent outage was just the latest in a series of issues in banking technology, with customers of major...
American Express to acquire expense-management company center
American Express Co. agreed to buy the expense-management software company Center to augment the services it offers small businesses. Center...
CFPB drops lawsuit against US banks over alleged fraud on Zelle
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
CFPB Drops Biden Lawsuits Against Capital One, Rocket Unit
The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency...
DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings Ltd. plans to cut around 4,000 of its contract and temporary staff workforce over the next three...
