Finance/Venture

Visa, Mastercard Agree to Reduce Swipe Fees in $30 Billion Landmark Settlement

Visa and Mastercard have agreed to a $30 billion settlement that would limit credit and debit card fees for retailers.


Donald Trump's Truth Social Stock Skyrockets on Its First Day of Trading on Nasdaq

Donald Trump's social media firm, Truth Social, saw its stock surge about 16% on its first day of trading on the Nasdaq...

KuCoin Crypto Exchange Hit With US Charges Over Money Laundering Allegations

KuCoin, a major crypto exchange, faces US charges for money laundering violations, allegedly moving billions in illicit funds, prompting regulatory crackdown amid market impact...

Krispy Kreme Doughnuts Will Be Available in McDonald's Soon

McDonald’s will sell Krispy Kreme Doughnuts nationwide through an exclusive partnership by the end of 2026...


Latest News

Credit Suisse Must Take Drastic Measure After $1 Billion Write Down
The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.
Norwegian's Global Lavbeta II Fund Cuts Volatility With Low Beta Stocks
Oslo-based pension and insurance provider KLP beat benchmark in 5 of 7 years. The portfolio strategy to bet on stocks with low volatility is proven to be successful.
Trial for Five Former Barclays Bankers on Libor Rigging Case to Start Monday
After a series of setbacks, UK's Serious Fraud Office will start the third trial on Libor rigging case. Five former bankers in Barclays will stand accused as conspirators.
Societe Generale SA to Cut 128 Jobs in Its Global Banking Division
The third largest bank in France will continue its cost cutting plan. Through the year 2020 the bank will cut 550 jobs in its retail operation.
Research firm Coalition lowers Deutsche Bank position in investment industry
Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.
Meketa Investment Group enhances staff ownership team
Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that sup
UK's service sector records 2.8% growth in January
The service sector of Britain posted a 2.8% growth in January, accounting for roughly 80% of the nation's economy. The country's GDP increased by 0.6% during the fourth quarter of 2015.
China's eight largest bank defaults on ‘dim sum’ bond
A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.
ICICI Bank's home finance sale on backburner
ICICI Bank, India's largest private sector lender, has deferred its sale plan on home finance division. ICICI Bank has put its home finance division's valuation at INR 2,400 crore, while potential pri
Saratoga Investment Raises Quarterly Dividend
Saratoga Investment Corporation increased its dividend by 2.5%. The company on Tuesday declared a quarterly dividend of $0.41 per share.
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