Private equity firms Blackstone and Permira are reportedly reconsidering their potential acquisition of Oslo-based online classifieds company Adevinta. The potential deal, which would have been one of the year’s biggest...
Central banks worldwide are seeking lessons from the cost-of-living crisis, as they convene for their penultimate meetings of the year. The focus of their discussions...
Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the...
FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Eric Hart, the former CFO of Expedia,...
America’s largest banks say their profits from high interest rates could soon take a hit. As the Financial Times (FT) reported Saturday (Oct. 14), larger lenders...
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in...
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan...
The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. The investment bank said in a recent note that one of...
Walmart’s former U.S. CEO says consumers are facing pressures they haven’t felt in years. Speaking to CNBC Monday (Oct. 9), Bill Simon listed a host of headwinds...