Jack Ma Cedes Control of Fintech Giant Ant Group
The Chinese billionaire entrepreneur is taking a step further away from the business empire he created decades ago.Read More
Best Stock-Fund Managers of 2022
Winners’ Circle: In a brutal year for investing, a handful of stock pickers managed to post positive returns. The winner was up nearly 32%.Read More
FTX Seeks to Recoup Sam Bankman-Fried’s Charitable Donations
FTX and its founder doled out millions in donations before the crypto exchange went bankrupt. Now the nonprofits wonder: What should they do with the money?Read More
GE’s Spinoff Deserves Healthy Skepticism
While GE HealthCare will deliver better growth as a stand-alone, the new company’s valuation looks stretched and its leverage is high.Read More
Which Mutual Funds Are Good for Your Taxes?
Many investors assume it’s the funds with the least trading that are best as far as taxes. But that isn’t always the case.Read More
TSB Questions the Exclusion Rate of the PSR’s Proposed Fraud Refund Mechanism
Proposed reforms to the Payment Systems Regulator‘s (PSR) refund mechanism could exclude a quarter of fraud victims; warns TSB. Retail bank TSB warns that PSR proposals for a new refund mechanism could prevent fraud victims from being refunded. It estimates that as much as 25 per cent of victims could be excluded under the terms […]
Fintech in 2023: Predictions From IBM, Trovata, Cardlay, Creditspring
Fintech is finding itself at a turning point amid rumblings the industry is ‘losing its lustre’. We’ve seen firms struggle to raise fresh funds, reports of falling valuations, fire sales, staff layoffs and recruitment freezes. Some fintechs have abruptly closed while others have bid their farewells before they’d even had the chance to say hello. […]
UK Payment Firms Pay More to Ensure Compliance Than Us Firms Finds AutoRek
AutoRek, a reconciliation and finance automation fintech, has released the findings of its global payments survey. The survey looked to understand the current issues facing payments firms, and future trends. This is in addition to their perceptions on regulation, compliance and payments reconciliation. Most notably, the survey found that 63 per cent of payments firms […]
See the moment McCarthy confronts Gaetz
• In pictures: The tense final hoursRead More
Marcy Kaptur breaks new record in Congress with a familiar warning for Democrats
• Hakeem Jeffries makes history as the first Black lawmaker to lead a party in Congress • McCarthy says first bill before House will repeal funding for hiring additional IRS agentsRead More
