Finance
Judge Signals Approval for Visa, Mastercard $38 Billion Swipe Fee Deal
A judge has granted preliminary approval to Visa and Mastercard's $38 billion settlement, potentially ending a two-decade dispute over swipe fees.
Finance 325 articles
Finance
Wells Fargo CFO Projects NII Growth, Confirms $50 Billion Goal
Wells Fargo CFO Mike Santomassimo forecasts a Q2 net interest income increase and reaffirms the bank's full-year NII target of $50 billion,...
Finance
US Home Sales Rebound Despite Higher Rates, Record Prices
Sales of previously occupied U.S. homes accelerated in May to their fastest pace this year, marking a sharp turnaround despite rising mortgage...
Finance
Big Banks Explore AI Compute Trading Market
Goldman Sachs and JPMorgan are investigating entry into the nascent compute trading market, focusing on GPU rental price futures.
Finance
Bank Workforce Unease Deepens as CEOs Discuss AI Cuts
Bank workers, including those in higher-level roles, feel increasingly "unmoored" by CEO discussions of AI-related job cuts, according to a recent Bloomberg...
Finance
New Airline Rules Tighten Grip on Portable Battery Chargers
Travelers must adhere to updated regulations for lithium-ion power banks on flights, with strict rules on carry-on luggage and onboard usage to...
Finance
CFPB Directs Lenders to Weigh Immigration Status in Repayment Assessments
The CFPB has issued a statement reminding creditors to consider applicants' immigration status when assessing their ability to repay mortgages and open-end...
Finance
Illinois Halts Data Center Tax Credits, Citing Energy Cost Concerns
Illinois Governor JB Pritzker has ordered a pause on state tax incentives for data centers, mirroring a similar move in Ohio, amidst...
Finance
Experian Launches ChatGPT App for Personal Loan Offers
Experian launches a ChatGPT app, enabling consumers to explore personal loan offers from lending partners via conversational AI. It integrates AI with...