Bank of America has reportedly shifted some employees from its wealth management and lending unit. Fewer than 200 employees were moved out of the unit, with most being redeployed to other parts of the bank and a handful being laid off, Bloomberg reported Friday (March...
Raisin has gained 60 million euros (about $64.7 million) in a Series E round. The Berlin-based FinTech company will use the new funding to add new features to its investment and savings platform, further simplify the processes on the platform and accelerate its growth in...
Vital has raised $24.7 million in Series B funding for its artificial intelligence (AI)-powered healthcare solutions. The company helps hospitals better communicate with patients by providing solutions that are accessible via the patient’s mobile phone and enable them to see their progress toward discharge, request...
The old adage is that banks lend when you don’t need the money. When capital is hard to come by or when there’s the hint of repayment risk, that’s when the traditional lenders shut the spigots. In one indication that traditional conduits to financing operations...
This week in grocery, Giant and Schnucks add self-service meal options and Momofuku raises millions. Ahold Delhaize subsidiary Giant Food, which spans 165 locations in the DMV area, announced Thursday (March 23) the launch of its first in-supermarket fast-casual restaurant, a Nalley Fresh location, with...
Regulators are ready to do more to protect the banking system. Treasury Secretary Janet Yellen told a subcommittee of the House Appropriations Committee Thursday (March 23): “Certainly, we would be prepared to take additional actions if warranted,” Bloomberg reported Thursday. That statement was added to...
Small businesses are having success in using a classic method to keep customers coming back. Loyalty credits far predate the internet as an age-old customer retention tool. The most basic example of this spend-based program are “buy 10, get one free” cards that are generally...
It once seemed like FinTechs going public had limitless funding if investors saw potential. That mindset may be becoming a thing of the past. If only FinTechs could turn back the clock a few years, when worldwide venture capital (VC) investments were through the roof,...
Retailers are reportedly adding a lot of footnotes to their offers of “free” shipping. Companies are raising the threshold in terms of order size required for free shipping, reducing the speed of delivery, adding fees for those who want to get their items faster and...
