HSBC reboot fizzles, sending stockholders looking for the exits
HSBC Holdings Plc Chairman Mark Tucker promised a strategy reboot. Investors got what some called more of the same --...
Why Peter Thiel’s $3.5B fintech is fleeing Britain
Defying the gloom around the financial services industry in post-Brexit Britain, the U.K. has maintained its edge in fostering the...
Shopify shares soar with payment and point-of-sale financing growth
Shopify Inc. reported fourth-quarter revenue that topped analysts’ estimates and gave an optimistic forecast for this year, boosted by holiday...
Mastercard wins approval to join China’s $27T market
Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion...
JPMorgan revamps digital strategy team after three leaders exit
JPMorgan Chase & Co. is staking its consumer-banking strategy on digital technology. In 2020, that push will be spearheaded by...
Brainard says Fed studying potential for US digital currency
The U.S. central bank is studying the feasibility of a digital currency, said Federal Reserve Governor Lael Brainard. “Given the...
Paytm rolls out new gadgets targeting retailers and merchants
Paytm, India’s leading digital payments player, unveiled new products to target businesses and ward off rising competition from Google Pay,...
Goldman eyes offering small-business loans in deal with Amazon
Goldman Sachs Group Inc. is in discussions with Amazon.com Inc. to offer small-business loans through the tech giant’s platform, according...
Visa shares drop on warning client incentives will rise in 2020
Visa Inc. said the incentives it hands out to banks and retailers will climb faster than revenue and are on...
Mastercard’s bet on fintech pays off with higher card spending
Mastercard Inc.’s new initiative to team up with more startups on credit cards is starting to pay off. The company...
