Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays in its regulatory journey, but remains committed to close collaboration with regulators and maintains hope for eventual license approval, the...
Shares in Visa and Mastercard took a hit on Wednesday (Oct. 18) as news broke that the Federal Reserve is expected to propose a reduction in the fees banks can charge retailers for processing debit card transactions. This development has sparked concerns among investors and industry players, leading to a 1% dip in...
IBM’s artificial intelligence (AI) projects are reportedly set to contribute to its continuing turnaround. Bank of America has reiterated a Buy rating on IBM’s stock, highlighting the company’s defensive portfolio, attractive dividend yield and underappreciated AI portfolio, Seeking Alpha reported Thursday (Oct. 5). IBM has been...
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming its workforce, already reducing its employee base by nearly 40,000, Reuters reported Tuesday (Sept. 12). Santomassimo told...
October 24, 2023
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working with clients such as private equity firms and alternative asset managers, Reuters reported on Tuesday (Oct. 24). He will facilitate transactions involving buying and selling companies across clients’ portfolios, Reuters said, citing […]
October 22, 2023
Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays in its regulatory journey, but...
October 18, 2023
Shares in Visa and Mastercard took a hit on Wednesday (Oct. 18) as news broke that the Federal Reserve is expected to propose a reduction in the fees banks can charge retailers for processing debit card transactions. This...
October 05, 2023
IBM’s artificial intelligence (AI) projects are reportedly set to contribute to its continuing turnaround. Bank of America has reiterated a Buy rating on IBM’s stock, highlighting the company’s defensive portfolio,...
