Banks have lost a quarter of the payments franchise to new players
Finextra Nov 6, 2019 Non-banks now account for a quarter of the institutions offering payment services or payment instruments, up from 14% in only six years,...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Oil mixed on U.S. crude stocks build, OPEC shale growth comments
Oil was mixed on Thursday as a build in U.S. crude inventories weighed on prices, while comments from the Organization of the Petroleum Exporting Countries about...
Here are the states whose residents are the best at managing their money
Some states with lower median incomes have better credit scores than those with high household income, a new report says.
Singapore Fintech Week: Data, technology and policy coordination – BIS Speech
BIS Agustín Carstens Nov 14, 2019 Keynote speech by Mr Agustín Carstens, General Manager of the BIS, at the 55th SEACEN Governors' Conference and High-level Seminar...
China says holding 'in-depth' talks with U.S. on interim trade deal
China and the United States are holding "in-depth" discussions on a first phase trade agreement, and cancelling tariffs is an important condition to reaching a deal,...
Wall Street drops as Cisco's dour outlook weighs
U.S. stocks slipped on Thursday, weighed down by technology shares after Cisco's dour forecast raised worries of a global economic slowdown and overshadowed strong results from...
World stocks, yields fall as China slowdown deepens
World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third...
U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraud
A former head of subprime trading at Deutsche Bank AG will pay a $500,000 civil fine to resolve charges he misled investors about the quality of...
Tesla sedans regain recommended status in Consumer Reports survey
Tesla Inc's Model 3 and S sedans both regained "recommended" status in Consumer Reports magazine's annual reliability survey, allowing the electric carmaker's overall standing to rise...
The move to free stock trading led to a big jump in new accounts for Charles Schwab
Charles Schwab added 142,000 new brokerage accounts in October, a 7% jump from October of last year and up 31% since September.
Wells Fargo former interim CEO Parker steps down as general counsel
Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down...
S&P 500, Dow flat as Cisco losses offset Walmart gains
The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset...
Amazon trims German delivery charges for groceries
Amazon.com is lowering the fee it charges customers in Germany for delivering fresh groceries and allowing its Prime subscribers to pay per order instead of committing...
Here's what every major analyst expects from Nvidia's earnings report after the bell
Wall Street analysts predict what will happen with Nvidia's earnings report after the bell on Thursday.
Private equity investors are zeroing in on financial advice business
The registered investment advisor industry has attracted the attention of private equity investors, thanks to good growth, high profit margins, consistent cash flow and low capital...