DeFi magic and credit default swaps converge in opaque lending market
Credit default swaps are hard enough to figure out. Shadow lenders and their repackaging of cash flows from loans into securities come...
Revolut’s Storonsky says it has enough funding for two years
The boss of Revolut Ltd. said his fintech startup has enough funding for at least two more years and would...
BMO and Jefferies sign on to platform bringing AI auctions to stocks
A new trading platform operated by OneChronos Markets LLC will let institutional investors bid for equities in an automated auction, an effort...
Amazon cloud unit on course for $3 trillion value, Redburn says
Amazon.com Inc.’s cloud-storage business is on a clear path toward a $3 trillion value, almost triple what the whole company...
RBC looks beyond Toronto for tech hires in tight labor market
Royal Bank of Canada is building up technology centers across Canada, beyond its Toronto headquarters, to help attract skilled workers...
PayPal extends buy-now, pay-later push with installment loans
PayPal Holdings Inc. is pushing deeper into the rapidly expanding “buy now, pay later” arena by offering installment loans for...
DeFi in turmoil as eye-popping yields prove too good to be true
The notion that the cryptocurrency industry has near-magical powers to pay out yields that dwarf those found in the traditional financial world...
PayPal mounts crypto offensive after New York grants a full license
PayPal Holdings Inc. will let users transfer certain cryptocurrencies to other customers, exchanges and external wallets, a new service that’s...
Citigroup plans to hire 4,000 tech staff to tap into ‘digital explosion’
Citigroup Inc. plans to hire more than 4,000 tech staff to help move its institutional clients online in the wake...
Fidelity slashes Reddit, Stripe valuations after tech rout
Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe....
