The acquisition of Worldpay for $24.3 billion has reinvigorated the mergers and acquisitions (M&A) market, which had been sluggish due to trade policy uncertainties under President Trump. Global […]
European Central Bank Cuts Interest Rates Amid Trade Tensions
The European Central Bank (ECB) has cut its main interest rate by 0.25 percentage points, citing escalating trade tensions following US President Donald Trump’s tariffs which have ignited […]
Global Payments to Acquire Worldpay for $24.25 Billion, Divesting Issuer Solutions Unit
Global Payments is set to acquire Worldpay in a $24.25 billion deal involving Fidelity National Information Services (FIS) and private equity firm GTCR, while simultaneously divesting its Issuer […]
American Express’s Wealthy Cardholders Show Resilience Amid Tariff Concerns
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]