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AI Companies Hope to Close Global Regulation Gap
AI Companies Hope to Close Global Regulation Gap
October 25, 2023  |  artificial intelligence

A quartet of tech giants is increasing its efforts to promote artificial intelligence (AI) safety standards. Microsoft, OpenAI, Google and Anthropic have named a director for the group, which is...

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Fed Expected to Propose Review of Debit Card Fee Cap
Fed Expected to Propose Review of Debit Card Fee Cap
October 25, 2023  |  Bank Regulation

The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose...

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Visa Unveils New Discounts on Business-Related Services and Goods
Visa Unveils New Discounts on Business-Related Services and Goods
October 25, 2023  |  VISA

Visa unveiled new Instant Savings offers for small- to medium-sized businesses (SMBs) in North America. Through the Visa SavingsEdge website, eligible Visa Small Business card...

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FTX Gets Revamp Proposals From 3 Bidders
FTX Gets Revamp Proposals From 3 Bidders
October 25, 2023  |  Cryptocurrency

FTX received multiple proposals from bidders hoping to resurrect the bankrupt cryptocurrency exchange. Investment banker Kevin Cofsky of Perella Weinberg Partners said during a Tuesday...

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Report: Twitter Debt Could Come Back to Bite Banks
Report: Twitter Debt Could Come Back to Bite Banks
October 25, 2023  |  Debt

It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter. Now, those lenders are dealing with the impact of that decision on...

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Worldline Market Value Sinks on EU Economy
Worldline Market Value Sinks on EU Economy
October 25, 2023  |  Fintech Investments

Worldline shares reached record lows Wednesday (Oct. 25) as the company reduced its sales forecast. The French payments FinTech announced it anticipates organic revenue growth...

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Google Reports Ad Revenue Recovery in Q3 After Rare Drop 
Google Reports Ad Revenue Recovery in Q3 After Rare Drop 
October 24, 2023  |  Google

Google saw its advertising revenue increase in the third quarter as it benefits from the same recovery that has lifted other tech companies as well.  The...

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BlockFi to Wind Down Operations, Return Assets to Customers
BlockFi to Wind Down Operations, Return Assets to Customers
October 24, 2023  |  Cryptocurrency

Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now...

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Goldman Sachs Appoints David Kamo as Global Head of Financial Sponsor M&A
Goldman Sachs Appoints David Kamo as Global Head of Financial Sponsor M&A
October 24, 2023  |  Personnel

Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working...

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