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BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
September 15, 2023  |  Banking

Bank of America is seeing more of its customers falling behind on their credit card payments.  Both the net charge-off rate and the delinquency rate of...

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Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
September 15, 2023  |  Legal

A former Wells Fargo executive has been sentenced to probation for her role in a scandal that rocked the bank in 2016. Carrie L. Tolstedt, a former...

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Dreamcraft Ventures Raises $59 Million to Invest in B2B Software Companies
Dreamcraft Ventures Raises $59 Million to Invest in B2B Software Companies
September 15, 2023  |  Investments

Denmark-based venture capital (VC) manager Dreamcraft Ventures has reached its target of 55 million euros ($58.7 million) for its Fund II. Fund II has made six...

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Kroger Health to Add Medically Tailored Meals for Chronic Conditions
Kroger Health to Add Medically Tailored Meals for Chronic Conditions
September 15, 2023  |  Healthcare

Kroger Health, the healthcare division of The Kroger Co., has partnered with Performance Kitchen to offer medically tailored meals (MTMs). This partnership marks the first time that Kroger...

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Discover Financial Services Weighs Sale of Student-Loan Business
Discover Financial Services Weighs Sale of Student-Loan Business
September 15, 2023  |  Acquisitions

Discover Financial Services is reportedly exploring the possibility of selling its student-loan business as part of its ongoing efforts to streamline operations following a series of...

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Spanish Startup Revel Raises $125 Million for Car Subscription Platform
Spanish Startup Revel Raises $125 Million for Car Subscription Platform
September 15, 2023  |  Investments

Spanish digital car subscription service provider Revel has reportedly raised 115 million euros (about $123 million) in a funding round. The money, which includes a...

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WhatsApp Head Denies Report That Messaging Service Is Considering Ads
WhatsApp Head Denies Report That Messaging Service Is Considering Ads
September 15, 2023  |  Meta

The head of WhatApp has denied a media report that the messaging service may introduce ads. “This @FT story is false. We aren’t doing this,” Will...

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Report: Casino Hacks Likely Caused by Malware-Driven Theft of Employee Credentials
Report: Casino Hacks Likely Caused by Malware-Driven Theft of Employee Credentials
September 15, 2023  |  Cybersecurity

The recent cyberattacks on Caesars Entertainment and on MGM Resorts reportedly may have been launched with stolen login credentials. A cybersecurity company based in London, DynaRisk, discovered that the login credentials of...

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Citigroup Layoffs Focus on Support, Technology Staff
Citigroup Layoffs Focus on Support, Technology Staff
September 15, 2023  |  Banking

Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank...

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