Let 1,000 Libor replacements bloom
It’s Bring Your Own Benchmark time for financial markets. Efforts to replace Libor — the interbank lending rate off which ...
Tag: Bloomberg
Google puts tools rivaling Microsoft, Slack at center of I/O
Google unfurled an expansive range of consumer products and gee-whiz research at the kickoff of its marquee annual conference, with announcements ...
U.S. banks could shed 200,000 jobs in decade in efficiency drive
U.S. banks could cut as many as 200,000 jobs in the next decade as they try to boost efficiency to ...
Ant to be financial holding firm in overhaul forced by China
Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein ...
Ex-SoFi CEO starts blank-check company to raise $250M
Mike Cagney’s blockchain lending startup Figure Technologies Inc. plans to raise $250 million through a new blank-check company, according to ...
Manufacturers group says Cabinet should consider removing Trump
U.S. business leaders denounced Donald Trump for inciting supporters who mobbed the U.S. Capitol, with the head of the National ...
CIBC’s digital push to outlast COVID-19, extend into mortgages
Canadian Imperial Bank of Commerce expects the massive shift to digital and virtual banking to continue after the coronavirus pandemic ...
UiPath says it filed confidentially for IPO, could be valued at more than $20B
UiPath Inc., an automation software maker that could be valued at more than $20 billion, said it has filed confidentially ...
Robinhood to pay $65M to end SEC probe into orders
Robinhood Markets has agreed to pay $65 million to settle Securities and Exchange Commission allegations that the broker failed to ...
Cisco agrees to buy U.K. cloud company for $721M
Cisco Systems Inc. agreed to buy U.K. customer service software maker IMImobile Plc in a deal valued at about 543 ...
