Powell signals Fed would respond to persistent inflation shock
Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected,…
MarineMax F&I revenue increases 3.7%
Marine retailer MarineMax’s third-quarter earnings reflected strong finance and insurance activity even as inflationary pressures and affordability concerns dampened demand…
Visa offers Apple $100 million to ditch Mastercard
Visa has reportedly offered Apple roughly $100 million to take over the tech giant’s credit card partnership from Mastercard.
ESG standards: No silver platter of harmonised data
A desire for standardisation of ESG data may be folly, according to Bruno Bertocci, head of sustainable equities at UBS Wealth Management.
Ramp closes second raise in 45 days as AI fuels growth
Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.
HSBC demonstrates world’s first-known quantum-enabled algorithmic trading with IBM
HSBC is lauding the results of trials with IBM that tested the value of current quantum computers for algorithmic trading in the bond market
Untangled Finance raises $13.5m to bring institutional grade private credit on-chain
UK fintech Untangled Finance has raised $13,5 million for it platform to bring institutional-grade credit with a built-in liquidation mechanism on-chain.
FIS to provide tech backbone for US neobank Bambu
FIS has won a contract to provide the core tech architecture for US neobank Bambu.
Barclays fined £42m over money laundering risk failures
Barclays Bank has been fined £42 million by the Financial Conduct Authority for two cases of “poor handling” of money laundering risks.
Big Wheels: Auto stocks rebound after falling 2% in market sell-off
Auto stocks have rebounded after falling 2% in a single day of trading Aug. 5 as fear over the slowing…
Payrails raises $32 million
Berlin-based payment software company Payrails has raised $32 million in Series A funding
UACC originations climb 24.7% year over year
Vroom’s finance subsidiary United Auto Credit Corp.’s originations increased on a year-over-year basis as credit tightening contributed to improved portfolio…
QED raises almost $1 billion for fintech funding
Global fintech venture capital firm QED Investors has closed two new funds with combined capital commitments of $925 million.
BBVA opens global cybersecurity centre in Mexico
BBVA is opening a global cybersecurity centre in Mexico as part of an alliance with IT services company Telefónica Tech aimed at boosting the bank’s defences against a rising tide of security-related threats.
Zumo scores government funding for crypto decarbonisation push
Following a successful pilot, Edinburgh-based cryptocurrency platform Zumo has received government funding to continue its work on decarbonising crypto.