The market caps of payment stocks like Visa and MasterCard have eclipsed the value of the biggest banks, even as their balance sheets remain significantly smaller in comparison.
Former "Shark Tank" contestant Kelsey Moreira, the owner of Doughp, recently had to lay off most of the staff she had furloughed in the spring.
Details of the pressure the New York-based bank faced from its activist investor hadn't been reported until now. The lessons from this episode will likely inform how Corbat's successor interacts with the bank's large investors.
Brookings | Landry Signé, Mark Esposito, and Sanjeev Khagram | Sep 10, 2020 Pandemic lockdowns, digitalization, and the acceleration of the Fourth Industrial Revolution (4IR) are all driving a shift in global governance. Since the world’s technological leaders will also be geopolitical leaders, the competition for dominance in cutting-edge sectors like artificial intelligence is intensifying. The
The post The new urgency of global tech governance first appeared on National Crowdfunding & Fintech Association of Canada.
McKinsey & Company | Chandana Asif, Max Flötotto, Tunde Olanrewaju, and Giuseppe Sofo | Sep 9, 2020 To navigate the economic fall-out from COVID-19, Europe’s fintechs will need to adjust their playbook. Fintechs have been on a roll. Fueled by generous amounts of venture capital funding, last year 24 financial services startups hit a valuation
The post Detour: An altered path to profit for European fintechs first appeared on National Crowdfunding & Fintech Association of Canada.
Warren Buffett's Berkshire Hathaway made the investment despite his aversion to IPOs.
The coronavirus crisis caused 40% of parents to change their job situation, a new FlexJobs survey finds. Women have been disproportionately hit, with 17% having to quit their jobs, compared to 10% of men.
Thanks to the central bank, short-term borrowing rates will stay near rock bottom but you may have to act quickly to get the most benefit.
Investment Executive | Rudy Mezzetta | Sep 2, 2020 Increasing compliance requirements — such as enhanced know-your-product rules — provided cover for Canada’s banks to focus ever more exclusively on selling their in-house investment products, shutting out independent products and limiting client choice, says Sheila Murray, a corporate director and former president of CI Financial. “Under the guise of compliance and risk aversion, and doing the right
The post KYC and KYP led banks to push in-house products more, exec says first appeared on National Crowdfunding & Fintech Association of Canada.
Warren Buffett's Berkshire Hathaway made the investment despite his aversion to IPOs.
Retirees who count on Social Security checks for income might be disappointed when the annual cost-of-living adjustment is announced next month. One group estimates 2021 benefits might go up by 1.3%, one of the lowest increases in recent years.
More than one-third of the American workforce freelance amid the Covid-19 pandemic, contributing $1.2 trillion to the U.S. economy, a study by Upwork revealed Tuesday.
Hundreds of thousands of workers won't be eligible to receive a $300 weekly boost to unemployment benefits provided by the Lost Wages Assistance program. Here's who doesn't make the cut.
Even with a strong IPO market, it's still important to approach any new offering with caution rather than buy into the hype, experts say.
"After you know you have a product, you know you can distribute it. Now, how do you get it to the masses? [Lowe's] wanted to give people this vehicle to do so, without taking any percentage of their company," Daymond John told CNBC.