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Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
Report: Bread Faces Credit Loss Concerns and Late Fee Uncertainty
October 02, 2023  |  Credit Cards

Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...

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X and Paris Hilton Partner on Video and Commerce
X and Paris Hilton Partner on Video and Commerce
October 02, 2023  |  Social Commerce

Social media platform X is teaming up with Paris Hilton and her digital ad agency 11:11 Media on shopping and video projects. X CEO Linda Yaccarino said in a Monday (Oct....

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Walgreens Leadership Shakeup Continues With CIO Departure
Walgreens Leadership Shakeup Continues With CIO Departure
October 02, 2023  |  Personnel

Walgreens Boots Alliance has experienced the latest shakeup in its leadership team, with Chief Information Officer (CIO) Hsiao Wang departing from the company about a year after assuming...

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Weavr to Close Its Recently Acquired Open Banking Payments App
Weavr to Close Its Recently Acquired Open Banking Payments App
October 02, 2023  |  B2B Payments

London-based embedded finance provider Weavr has said it will close its open banking payments app, Comma. The company acquired the app in March and will close...

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Dimon: JPMorgan Wants More VC and Startup Banking Clients
Dimon: JPMorgan Wants More VC and Startup Banking Clients
October 02, 2023  |  Banking

J.P. Morgan Chase reportedly wants to expand its startup and venture capital (VC) customer base. Speaking during a conference Monday (Oct. 2), CEO Jamie Dimon said the country’s...

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WorkFusion Unveils AI-Powered Transaction Monitoring Investigator
WorkFusion Unveils AI-Powered Transaction Monitoring Investigator
October 02, 2023  |  AML

WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts.  The new artificial intelligence (AI)...

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LVMH CEO Bernard Arnault Calls Money Laundering Reports ‘Absurd’
LVMH CEO Bernard Arnault Calls Money Laundering Reports ‘Absurd’
October 02, 2023  |  Retail

The CEO of luxury conglomerate LVMH reportedly dismissed money laundering allegations against him. The Paris prosecutor’s office said it is undertaking a preliminary investigation into...

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Airbnb CEO: AI Can Help Vet Properties and Guests
Airbnb CEO: AI Can Help Vet Properties and Guests
October 02, 2023  |  artificial intelligence

Airbnb’s CEO said AI can help the company find better listings… and better guests. In a long interview with Bloomberg News published Monday (Oct. 2), Brian Chesky discussed the...

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Kellogg’s Cereal Business Split Becomes Official
Kellogg’s Cereal Business Split Becomes Official
October 02, 2023  |  Retail

Kellanova — the company once known as Kellogg — said the spin-off of its cereal business is official. The company announced Monday (Oct. 2) that it...

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