Wells Fargo’s Q3 Beats On Revenues, Falls Short On Earnings

Wells Fargo’s Q3 Beats On Revenues, Falls Short On Earnings
Wells Fargo’s Q3 Beats On Revenues, Falls Short On Earnings
October 12, 2018  |  Earnings

As Wells Fargo seeks to cut costs while retooling its business for the age of digital banking, the company reported slightly better than expected revenues,...

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Patisserie Valerie Finance Director Arrested Amid Accounting Probe
Patisserie Valerie Finance Director Arrested Amid Accounting Probe
October 12, 2018  |  B2B Payments

The chief financial officer of U.K. café chain Patisserie Valerie has been arrested after the company revealed “significant, and potentially fraudulent, accounting irregularities,” according to...

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JPMorgan Reports Growth In Card Spend, Mobile Users
JPMorgan Reports Growth In Card Spend, Mobile Users
October 12, 2018  |  Earnings

JPMorgan posted results on Friday (Oct. 12) that beat the Street on headline numbers – top and bottom – based on traction in consumer spending,...

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Citigroup Beats Earnings Expectations, But Misses On Revenue
Citigroup Beats Earnings Expectations, But Misses On Revenue
October 12, 2018  |  Earnings

It was a better than expected showing when Citibank reported, with earnings coming in stronger than anticipated, buttressed by a lower corporate tax rate. Get...

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Amazon Could Be Coming For Brazil’s Pharmacy Market
Amazon Could Be Coming For Brazil’s Pharmacy Market
October 12, 2018  |  Amazon

Following Amazon’s acquisition of PillPack in June, Morgan Stanley Analyst Javier Martinez noted that the eCommerce retailer could take on the drugstore market in Brazil. Such...

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Gary Cohn Will Become An Adviser To Spring Labs
Gary Cohn Will Become An Adviser To Spring Labs
October 12, 2018  |  Blockchain

After leaving the Trump administration in March, former White House Economic Adviser Gary Cohn will serve in an advisory role for Spring Labs. The startup...

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Today In Data: Digital Banking Cybersecurity
Today In Data: Digital Banking Cybersecurity
October 12, 2018  |  Today In Data

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information....

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CVS Rolls Out Support For Apple Pay
CVS Rolls Out Support For Apple Pay
October 12, 2018  |  Retail

Months after Apple CEO Tim Cook said CVS would be accepting Apple Pay, the retailer has brought support for the mobile wallet to stores across...

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery
Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery
October 12, 2018  |  Retail

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. News this week surfaced that FAO Schwarz is...

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