Thiel-Backed Bank Targets Small Change in U.S. Push
A German banking app backed by billionaires Peter Thiel and Li Ka-shing is trying to woo young consumers with free...
JPMorgan, Nomura Job Cuts Add to Wave of Pullbacks in Finance
Automation and new technology are replacing thousands of workers at banks and asset managers around the world, just as consolidation...
Hong Kong Permits Virtual Banks in Test to Traditional Lenders
Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology...
JPMorgan’s Clampdown on Data Puts Silicon Valley Apps on Alert
The app was quickly becoming a cult favorite among penny-pinching U.S. consumers – and also a bane for their banks. In...
African Bank Is Being Beaten Into Shape With Digital Plan
African Bank Holdings Ltd. is joining the rush into digital banking to fail-proof the business and provide an exit for...
In Rush to Be Uber of Finance, This Mobile Bank Tests the Limits
Racing to build what he calls the Uber of financial services, Nikolay Storonsky believes in keeping his foot on the...
Advent and Bain Score Payouts After Sparking Payments Deals
Advent International and Bain Capital have made quite a team in payments industry deals. For almost a decade, the two...
Instagram Gets Into E-Commerce Business With Checkout Tool
After years of ogling beautiful images of food, fashion and design on Instagram, people will now be able to buy...
FIS’s $34 Billion Bid for Worldpay Drives Payments M&A Spree
Fidelity National Information Services Inc. agreed to acquire Worldpay Inc. for about $34 billion in cash and stock, the biggest...
Wells Fargo’s Other Post-Scandal Problem: Less-Productive Staff
Wells Fargo & Co.’s leaders have repeatedly assured the public its aggressive sales culture is gone after quotas led workers...
