Britain develops a lead in scrapping cash in everyday payments
Britain is taking the lead among major developed economies in moving away from cash in everyday payments, but more than...
Bankman-Fried’s assets plummet from $16 Billion to zero in days
The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions...
Petrus urges Temenos top duo to exit, wants strategic review
Activist investor Petrus Advisers is amping up the pressure on banking software maker Temenos AG, calling on the chairman and...
Stripe cuts headcount by 14%, prepares for ‘leaner times’
Stripe Inc., one of the world’s most valuable startups, will cut more than 1,000 jobs as it seeks to rein...
Amazon’s only bearish analyst says revival to take even longer
Amazon.com Inc. shares will fall another 28% and take longer to recover from a slump that has already wiped out...
JPMorgan’s UK digital bank has more than 1M customers
JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it...
Klarna plans to cut staff, growth plans after losses mount
Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to...
Buy-now, pay-later faces tougher rules as CFPB chief weighs in
The US Consumer Financial Protection Bureau released a sweeping report warning that the burgeoning “buy now, pay later” industry needs...
Goldman Sachs, Citigroup boost lending to Latin America startups
Banks including Goldman Sachs Group Inc. and Citigroup Inc. are stepping in with loans as Latin American startups face shrinking...
Milk, diapers and checking accounts: banking comes to Walmart
(Bloomberg) --Coming soon from the world’s largest retailer: checking accounts. A venture that’s majority-backed by Walmart Inc. is poised to...
