Truist nears sale of insurance arm to Stone Point, CD&R
Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point...
Capital One to buy Discover Financial in $35B stock deal
Capital One Financial Corp. agreed to buy credit-card lender Discover Financial Services in a $35 billion all-stock deal to create...
Temenos sheds $2 Billion as Hindenburg finds latest short target
Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short...
Nvidia nears Amazon’s market value as blazing rally drives ahead
Nvidia Corp.’s stock has rallied so much this year that it’s now threatening to overtake Amazon.com Inc. to become the...
Banks in talks to finance $13billion DocuSign buyout deal
Several Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as...
Fintech Klarna CEO signals IPO in U.S. may happen ‘quite soon’
Klarna Bank AB, the Swedish fintech that was once Europe’s most valuable startup, may soon launch a stock market listing...
HSBC takes on Revolut, Wise with new Forex app for non-customers
HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like...
UK consults on plans to regulate tech firms critical to finance
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend...
McKinsey sees AI adding up to $340B to Wall Street profit
Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity,...
JPMorgan is working with U.S. regulators on generative AI pilot projects
JPMorgan Chase & Co. is working with US regulators and walking them through its first set of generative AI pilot projects to ensure all...
