American Express’s affluent cardmembers continue to spend robustly, with younger customers driving growth in first-quarter transaction volumes, according to Chief Financial Officer Christophe Le Caillec. Billed business on […]
Banks
Posted on:
Global Payments to Acquire Worldpay and Divest Issuer Solutions
Global Payments Inc. has announced definitive agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net […]
Banks
Posted on:
Fed Chair Powell Vows Independence Amid Economic Warnings
Federal Reserve Chair Jerome Powell warned of potential economic damage from President Trump’s tariffs during a speech at the Economic Club of Chicago. He emphasized that the tariffs […]
Banks
Posted on:
Trump Removes Two Democratic Members from Credit Union Regulator Board
The Trump administration has fired two board members from the credit union regulator, a move that raises concerns about the independence of the Federal Reserve. This unexpected shake-up […]
Banks
Posted on:
JPMorgan Chase Sues Customers Over ‘Infinite Money’ ATM Glitch
JPMorgan Chase, the largest bank in America, is taking legal action against additional customers accused of exploiting an ‘infinite money’ ATM glitch that became widely known on TikTok […]
Banks
Posted on:
China’s Credit Expansion Surpasses Expectations in March
China’s credit expansion exceeded forecasts in March due to an increase in government bond offerings aimed at mitigating the economic impact of rising US tariffs on Chinese exports. […]
Banks
Posted on:
IMF and World Bank Approve Bailout Packages for Argentina
The International Monetary Fund (IMF) and the World Bank have approved new bailout packages for Argentina. These include a $20 billion (\€18.5 billion\) IMF bailout and a $12 […]
Banks
Posted on:
JPMorgan, Wells Fargo, and Morgan Stanley Exceed Q1 Expectations as Jamie Dimon Stresses Global Economic Unity
JPMorgan, Wells Fargo, and Morgan Stanley have all reported better-than-expected results for the first quarter of the year. During a recent earnings call, JPMorgan CEO Jamie Dimon emphasized […]
Banks
Posted on:
Jamie Dimon Expects S&P 500 Earnings Estimates to Drop as Companies Withdraw Guidance
JPMorgan Chase CEO Jamie Dimon stated that he anticipates a decline in S&P 500 earnings estimates due to the uncertainty surrounding trade negotiations. During a press call discussing […]
Banks / Technology
Posted on:
Zelle Discontinues Stand-Alone Mobile App
Zelle, one of the most popular digital payment services in the U.S., has discontinued its stand-alone mobile app. However, the service remains available through bank websites and apps. […]