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Global Payments to Acquire Worldpay for $24.25 Billion, Divesting Issuer Solutions Unit
Banks

Global Payments to Acquire Worldpay for $24.25 Billion, Divesting Issuer Solutions Unit

Posted on: April 18, 2025

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
Banks

American Express’s Wealthy Cardholders Show Resilience Amid Tariff Concerns

Posted on: April 18, 2025

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
Banks

Global Payments to Acquire Worldpay and Divest Issuer Solutions

Posted on: April 17, 2025

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
Banks

Fed Chair Powell Vows Independence Amid Economic Warnings

Posted on: April 17, 2025

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

Trump Removes Two Democratic Members from Credit Union Regulator Board

Posted on: April 17, 2025

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
Banks

JPMorgan Chase Sues Customers Over ‘Infinite Money’ ATM Glitch

Posted on: April 17, 2025

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
Banks

China’s Credit Expansion Surpasses Expectations in March

Posted on: April 14, 2025

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
Banks

IMF and World Bank Approve Bailout Packages for Argentina

Posted on: April 13, 2025

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 […]

JPMorgan, Wells Fargo, and Morgan Stanley Exceed Q1 Expectations as Jamie Dimon Stresses Global Economic Unity
Banks

JPMorgan, Wells Fargo, and Morgan Stanley Exceed Q1 Expectations as Jamie Dimon Stresses Global Economic Unity

Posted on: April 12, 2025

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 […]

Jamie Dimon Expects S&P 500 Earnings Estimates to Drop as Companies Withdraw Guidance
Banks

Jamie Dimon Expects S&P 500 Earnings Estimates to Drop as Companies Withdraw Guidance

Posted on: April 12, 2025

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 […]

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