Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified...
When Saks Fifth Avenue and Neiman Marcus merge, Amazon’s tech will help them thrive. That’s according to Marc Metrick, CEO of Saks’ online operations, speaking to Bloomberg News Thursday (July 4). This was one...
Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and...
The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. “The CMA has decided that...
BNP Paribas CEO Jean-Laurent Bonnafé reportedly expressed skepticism about the potential for a revival of mergers and acquisitions (M&A) activity in European banking. Speaking Tuesday...
America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expressed these worries in a Wednesday...
German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors....
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization,...
Walmart expects to refile forms about its planned acquisition of smart television maker Vizio Friday (March 29). The retailer withdrew its previous Hart-Scott-Rodino (HSR) notification...