Financial Industry news and trends

Revolut’s Size Draws Regulatory Attention in UK Banking License Process
Bank Regulation // October 22, 2023

Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Visa and Mastercard Shares Take a Hit as Fed Weighs Fee Reduction
Consumer Payments // October 18, 2023

Shares in Visa and Mastercard took a hit on Wednesday (Oct. 18) as news broke that the Federal Reserve is expected to propose a reduction in the fees banks can charge retailers for processing debit card transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IBM’s AI Consulting Business Expected to Grow by $1 Billion in 2024
artificial intelligence // October 05, 2023

IBM’s artificial intelligence (AI) projects are reportedly set to contribute to its continuing turnaround. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
Banking // September 12, 2023

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Quick Reads
Goldman Sachs Appoints David Kamo as Global Head of Financial Sponsor M&A

October 24, 2023
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]

Revolut’s Size Draws Regulatory Attention in UK Banking License Process

October 22, 2023
Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Visa and Mastercard Shares Take a Hit as Fed Weighs Fee Reduction

October 18, 2023
Shares in Visa and Mastercard took a hit on Wednesday (Oct. 18) as news broke that the Federal Reserve is expected to propose a reduction in the fees banks can charge retailers for processing debit card transactions. Get...

IBM’s AI Consulting Business Expected to Grow by $1 Billion in 2024

October 05, 2023
IBM’s artificial intelligence (AI) projects are reportedly set to contribute to its continuing turnaround. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...