Robinhood Pulls Customers From Larger Brokers
Robinhood began to gain clients from more well-known brokers, including Fidelity and Charles Schwab.
News - page 42
Amex and Bank of America Face Rising Card Delinquencies
Last month, American Express and Bank of America recorded an increase in credit card delinquencies.
Salv Raises $4.3 Million
Salv, an Estonian-based provider of solutions to combat financial crimes, reported that it was able to raise financing for 3.9 million euros ($4.29 million).
Congressional Budget Office Predicts Decrease in Inflation in 2024
The Congressional Budget Office on Friday, December 15, released a forecast according to which the inflation rate in the United States will decrease next year.
UnionPay International Partners With Trip.com
UnionPay International (UPI) has established a partnership with Trip.com, a global virtual travel agency.
First Bank Launches Backbase’s Engagement Banking Platform
Backbase, which is currently a global leader in advanced sphere interacting banking, announced that First Bank, based in St. Louis, Missouri, has started operating on the Backbase Engagement Banking platform.
Banking Platform Kapital Raises $165 Million
Kapital, the company that manages the banking platform, announced that it has managed to raise new capital for $165 million.
TD Bank and Plaid to Simplify Access to Apps
TD Bank Group and fintech company Plaid have announced a joint effort to eliminate the need to provide login credentials to third-party apps for customers of the mentioned financial institution in the United States and Canada.
PayPal and SAP to Simplify Digital Payments for Businesses
PayPal and SAP have announced the launch of advanced integration.
GBank to Expand Gaming Solutions With BankCard Services
GBank Financial Holdings and BankCard Services (BCS) have announced that they have managed to reach a final merger agreement.
JPMorgan Strategist Predicts Big Credit Reckoning in 2024
Oksana Aronov of JPMorgan Asset Management predicts that credit markets will face a sharp price revision next year.
Intel Presents Server and PC Chips
Intel Corporation, the largest manufacturer of processors for personal computers, has announced new chips for PCs and data centers.
Meta Launches Threads for European Users
The American technology giant Meta launched the Threads social network in the European Union on Thursday, December 14.
Fed Signals Possibility of Rate Cuts
The Federal Reserve has said that the current cycle of interest rate hikes may be completed soon.
Adobe Predicts Longer AI Boost
Adobe Inc. has released a restrained sales forecast for next year, which has caused investors to be disappointed. who expected that the new tools of generative artificial intelligence would provide intensive growth in the indicators of activity of this software developer.
China’s Local Governments Support Troubled Banks
In China, regional authorities have issued a record number of special bonds to provide support to small banks that are facing problems.
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