Klarna Ups Revenue But Growth in Merchants Joining Startup Slows
Payments company Klarna Bank AB grew revenue by about a third in 2018, but operating income fell and the speed...
Fintech Adyen’s Shares Jump as Sales Beat Estimates
Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver...
JPMorgan to Up Tech Spending as Higher Rates Boost Revenue
JPMorgan Chase & Co. said it expects to spend much of the windfall from higher interest rates on technology investments...
ETF Fees Are Falling to Zero as SoFi Plans First No-Cost Funds
The first free exchange-traded fund is on its way. Social Finance Inc., the online lender known as SoFi, is helping...
Apple-Goldman Credit Card Poses Risks, May ‘Blow Up’, Analyst Says
It would be “odd” for Apple Inc. to offer a jointly developed credit card with Goldman Sachs Group Inc. and...
Allianz Boosts VC Fund to $1.1 Billion for Tech, Insurance Deals
European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making...
Crypto Startup Offers Insurance Against Quadriga Wallet Dilemma
While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by...
Germany Bans New Wirecard Short Sales in Unprecedented Move
Germany’s financial regulator took the unprecedented step of temporarily banning short sales of Wirecard AG shares following reports of suspicious...
Apple, Amazon, Alibaba Are Coming After Banks, Regulators Say
Giant technology companies are moving inexorably into the finance business and could quickly upend the banking industry, according to the...
JPMorgan to Use Digital Coin to Speed Up Corporate Payments
JPMorgan Chase & Co. is turning to crypto to modernize one of its most central businesses. The biggest U.S. bank...
