Oracle Shares Fall 8% as Growth Slows in Cloud Computing
Oracle Shares Fall 8% as Growth Slows in Cloud Computing
December 11, 2023  |  Earnings

Oracle’s shares fell about 8% in extended trading Monday (Dec. 11) after the firm reported disappointing sales growth in its cloud computing business. The company’s...

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Wrong Product Info and Ratings Drive Auto-Fill Subscription Cancellations
Wrong Product Info and Ratings Drive Auto-Fill Subscription Cancellations
December 11, 2023  |  Subscriptions

Consumers may choose to use auto-fill subscriptions, but they have little tolerance for company mistakes. Convenience is key for consumers who subscribe to auto-buy retail...

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Discover Appoints TD Bank Veteran Michael G. Rhodes as CEO
Discover Appoints TD Bank Veteran Michael G. Rhodes as CEO
December 11, 2023  |  Personnel

Discover Financial Services has appointed TD Bank Group veteran Michael G. Rhodes as its new CEO and president. Rhodes will assume those roles on or before March 6,...

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Report: Investment Firm General Atlantic Considers Going Public Next Year
Report: Investment Firm General Atlantic Considers Going Public Next Year
December 11, 2023  |  IPO

Investment firm General Atlantic has reportedly confidentially filed for an initial public offering (IPO). The firm, which is known for its successful investments in companies like Facebook...

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Lawsuit Accuses Visa of Electronic Payment Monopoly
Lawsuit Accuses Visa of Electronic Payment Monopoly
December 11, 2023  |  Legal

Visa is reportedly facing an antitrust lawsuit alleging that it has blocked fair competition in the credit and debit card processing market. MiCamp Solutions, a provider...

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The Clearing House Appoints Truist’s Sal Karakaplan as Chief Strategy Officer
The Clearing House Appoints Truist’s Sal Karakaplan as Chief Strategy Officer
December 11, 2023  |  Personnel

U.S. payments network operator The Clearing House (TCH) is onboarding a new chief strategy officer (CSO). Sal Karakaplan will be joining the company, bringing over 25 years of...

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Swift Completes Successful Test of Global Trade Interoperability Solution
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023  |  Cross Border Commerce

Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the...

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EU Reaches Provisional Deal on Rules Regarding AI Use
EU Reaches Provisional Deal on Rules Regarding AI Use
December 11, 2023  |  artificial intelligence

Europe has reached a provisional deal on landmark European Union (EU) rules governing the use of artificial intelligence (AI), making it the first major world power...

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Goldman Sachs Appoints Wells Fargo Executive Paul Camp to Head Transaction Banking
Goldman Sachs Appoints Wells Fargo Executive Paul Camp to Head Transaction Banking
December 11, 2023  |  Personnel

Goldman Sachs has reportedly appointed Wells Fargo executive Paul Camp as its new head of transaction banking. Camp will also become a Goldman partner, Reuters reported Monday (Dec. 11). He...

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