Julius Baer reached a deal with the U.S. Department of Justice on Monday, following months of investigations into the private Swiss bank’s involvement in a money laundering and corruption scandal with FIFA, the world soccer governing body.
Fintech Strive formally launched in the U.K. on Friday as a"challenger bank" with plans to appeal to famlies by offering products geared at children, including special debit cards and savings accounts.
The Carlyle Group reacquired a majority stake in Manna Pro Products from investment funds managed by Morgan Stanley Capital Partners, after selling its holdings in the pet care company to the investment bank in 2017.
SoFi co-founder and former CEO Mike Cagney, ousted from the fintech over a sexual harassment scandal, has applied for a national bank charter for his own blockchain lending startup.
Two years from its acquisition of financial services provider Charles River Systems, Boston-based State Street is relying on the platform for new client growth after a disappointing third quarter amid the continued COVID-19 pandemic.
WhatsApp received approval from regulators in India on Thursday to expand operations of its payments service across the country, following months of setbacks in the long-anticipated rollout of the platform.
The U.S. Justice Department sued to block Visa’s $5.3 billion takeover of fintech Plaid on Thursday after months of investigation into the deal, arguing that it would deprive the market of a “disruptive” competitor to the payment card firm’s monopoly.
A wave of U.S. states voting to decriminalize marijuana and other drugs on Tuesday could spur investments in the cannabis industry, but the trend may clash with environmental, social and governance concerns, an investor advisory firm said.
Prudential Financial will likely continue to refrain from share buybacks through the end of the year while it rides out the coronavirus pandemic, keeping an eye out for low-risk strategic acquisition opportunities in 2021.
Life insurer Prudential Financial posted profits of $1.49 billion in the third quarter of 2020 on Tuesday, a dramatic swing from the $2.41 billion loss it experienced in the second quarter, as the the company showed signs of recovery from the pandemic.
Israeli software company Sapiens International on Tuesday launched a cloud-based service to help insurtechs more quickly roll out new products, streamlining implementation and operations with a “plug and play” functionality.
KKR said Monday said it will invest $1.4 billion in two transactions with NextEra Energy, acquiring equity interests in U.S. wind and solar projects as investment firms focus increasingly on sustainable assets.
PayPal recorded the largest growth in revenue and total payment volume in its history for the third quarter of 2020, building off the expansion of its "buy now, pay later" platform and plans for integrating cryptocurrencies.
TPG Capital will sell Astound Broadband, a regional U.S. cable operator, to investment company Stonepeak Infrastructure Partners for $8.1 billion, in the largest U.S. private equity deal this year.
Allstate was sued on Friday by current and former employees who claimed the insurer steered them toward "poorly performing" investments in 401(k) plans that cost them more than $65 million.
BBVA is looking to keep the lid on costs after a third quarter marked by revenue gains from Latin American markets and improved financial technologies but also continued impacts from the coronavirus pandemic.
Payments fintech Stripe unveiled a platform where its business clients can support carbon removal technologies, a growing interest as more financial customers look to use their dollars to fight climate change.
U.S. insurtech Cowbell Cyber will roll out a policy that protects manufacturing and construction businesses against damage from digital attacks, targeting an underserved market in the industrial sector.
Alliance Data Systems agreed to buy Bread, a U.S. payments startup that employs a “buy now, pay later” model for e-commerce transactions, in an effort to expand its digital offerings ahead of the holiday season.
U.S. Department of Justice officials accused Bain & Company of withholding important documents related to an antitrust probe into Visa’s proposed $5.3 billion purchase of fintech Plaid, raising the likelihood of an enforcement action.