July 12, 2024
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on Friday (July 12), deftly navigating...

July 11, 2024
AI Money: Tech Giants Ramp Up AI Investments

AMD is set to acquire Finland’s Silo AI for $665 million, underscoring its commitment to artificial intelligence (AI) innovation. Simultaneously, CyrusOne has secured $9.7 billion in new financing to expand...

July 08, 2024
Trending: Earnings Season Set to Spotlight Digital Banking

The big banks will kick off earnings season Friday (July 12), as is the case quarter after quarter. In addition to the usual metrics that will be closely watched by...

July 02, 2024
Case Against Big Banks Overcharging on Corporate Bonds Revived

A lawsuit accusing 10 banking giants of overcharging investors on corporate bonds has been resurrected. The reason, as Reuters reported Tuesday (July 2), is because the 2nd U.S. Circuit Court...

June 20, 2024
PayPal Names Former Walmart Executive Srini Venkatesan as CTO

PayPal has appointed Srini Venkatesan, the former head of Walmart’s U.S. Omni Platforms and Tech organization, as chief technology officer (CTO), effective Monday (June 24). Venkatesan will succeed PayPal’s current...

June 16, 2024
Wells Fargo and Rent-Rewards Card Bilt Deny Troubles Despite Reported...

Wells Fargo and Bilt are denying reports that their co-branded credit card relationship is in trouble. The banking giant teamed with the FinTech startup in 2022 on a card that...

June 13, 2024
Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at...

Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of...

May 30, 2024
Mastercard and Visa Pay $197 Million to Settle ATM Suit

Visa and Mastercard will pay $197 million to end a class action suit centered on ATM fees. According to court papers filed Wednesday (May 29), the two payments giants have...

May 29, 2024
Wells Fargo CEO: Regulators Restricting Corporate Lending Business

Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the asset cap that they imposed...