JPMorgan to Take Over First Republic Bank
JPMorgan will take over the management of the American First Republic Bank, which found itself in a crisis situation.
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OpenAI Closes $300 Million Share Sale
OpenAI startup, which has developed a popular conversational model of artificial intelligence ChatGPT, actively interacts with venture capital companies.
Uber Freight Launches Fleet Card With Spend Management Tools
Uber Freight and AtoB have established a partnership to provide access to fintech tools to cargo transportation operators.
Dropbox Lays Off 500 Employees
Cloud storage giant Dropbox has joined technology companies that are implementing a workforce reduction policy, announcing the layoff of 16% of staff, which is equivalent to about 500 people.
Amazon Pay Rolls Out Citi Flex Pay to Give Credit Card Users Instalment Option
Citi credit card holders have been able to make payments in installments using Amazon Pay when placing an order on thousands of online store sites.
AI Startup Pinecone Raises $100 Million
The startup Pinecone Systems Inc., which specializes in supporting software for artificial intelligence, announced the attraction of investment funds for $ 100 million following the results of the financing round.
Korean Fintech Kakao Pay to Acquire Majority Stake in US Brokerage Firm Siebert
Kakao Pay, the online payment service of the South Korean messenger and Internet giant Kakao, announced the acquisition of a stake in Siebert Financial, a brokerage firm based in New York.
Amazon Closes Halo Health Division
Amazon has sent out notices to Halo Health customers that this division of the company is ceasing operations on July 31 of this year.
Citizens Financial CEO Says Regional Banks Can Compete
Bruce Van Son, CEO of Citizens Financial Group, speaking on the Bloomberg Baystate Business Hour podcast, said that regional banks have the potential to fully compete with larger representatives of industry.
Celerant and Sezzle Partner to Help Retailers Offer BNPL
Celerant Technology has partnered with Sezzle to enable retailers to offer customers Buy Now, Pay Later (BNPL) services.
The Role of Abraham Lincoln in Establishing the National Banking System
President Abraham is The Great Emancipator for his part in black emancipation. But little is known of his exploits as a major proponent of the federal monetary structure. Andrew Jackson vetoed the “Bank Bill” to the Senate in 1832. Later on, Jackson tagged it as the greatest achievement of his life. The bill killed the […]
First Republic to Sell Up To $100B in Assets
The beleaguered lender First Republic Bank is exploring ways to reduce the imbalance between its assets and liabilities
Silicon Valley Bank Employees to Get Back Some Money
Media reports that Silicon Valley Bank employees are returning some of the money after a period of uncertainty.
OpenAI Previews Business Plan for ChatGPT
OpenAI announced plans to introduce a new subscription level for ChatGPT, an artificial intelligence-based chatbot adapted to the needs of corporate clients.
FTC Returns $1.1 Million to Consumers After Free Trial Settlement
The US Federal Trade Commission (FTC) is returning $1.1 million to consumers who were misled by deceptive offers of the so-called free trial of products.
