Private equity firm GTCR buys majority stake valuing Worldpay at $18.5B
Private equity firm GTCR LLC agreed to buy a majority stake in Worldpay, the Fidelity National Information Services Inc. unit...
PayPal’s 80% stock plunge hasn’t soured Wall Street
For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down....
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger,...
Fintech Brex’s revenue surges after regional bank turmoil
Brex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The...
Venture firm QED raises $925M for fintech investing
QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for...
Citigroup plans new credit card for use with multiple retailers
Citigroup Inc. plans to debut a new credit card with multiple retailers that consumers will be able use for larger...
PacWest says in talks with potential partners after share plunge
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to...
The Fed raises US rates by a quarter point, signaling possible pause
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in...
JPMorgan First Republic deal ends second-biggest U.S. bank failure
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to...
First Republic plunges on expectation of seizure by FDIC
First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be...
