(source: home.barclays)
On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion. This funding includes...
Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...
Analysts at Barclays are forecasting continued weak demand for Apple’s iPhone. That forecast, and the downgrade that came with it, caused Apple’s stock to drop 3.6% Tuesday (Jan. 2),...
Barclays is reportedly considering the acquisition of Tesco’s banking operations. Tesco, a British food retailer, has invited potential buyers to submit non-binding offers for Tesco Bank as...
Barclays is shrinking its U.S. consumer banking division as it looks to lower costs. “We recently streamlined and simplified our U.S. Consumer Bank operating model,...
It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter. Now, those lenders are dealing with the impact of that decision on...
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working...
PNC Financial Group began staff reductions that will decrease its workforce by 4%. The move is expected to reduce the company’s 2024 expenses by $325...
J.P. Morgan Chase says it has marked a milestone with its tokenized collateral network (TCN). The banking giant announced Wednesday (Oct. 10) that the network had...