banking News
Visa, Mastercard Slide on Landmark Deal to Cut Merchant Swipe Fees
The settlement, ending a 20-year legal battle, will lower interchange rates and grant retailers unprecedented power to steer customers away from high-fee rewards cards.
Origin Bancorp Trades Below Book Value Amid Sector Scrutiny
Shares of the Louisiana-based lender are trading at a discount to their tangible assets, a sign of potential undervaluation as analysts remain bullish.
ING Shares Climb After Q3 Profit Beat and New Buyback Plan
The Dutch lender announced a €1.6 billion capital return to shareholders, capitalizing on strong fee income growth amid a robust European banking sector.
Eastern Bankshares Chair Buys $860K in Stock Ahead of Merger
Robert Francis's purchase of 50,000 shares follows a recent earnings miss and comes just days before the bank's merger with HarborOne Bancorp is set to close.
HSBC to Take $1.1B Hit From Madoff-Era Feeder Fund Litigation
Provision follows a legal setback in a long-running case in Luxembourg, casting a shadow over the bank's upcoming third-quarter earnings.
Wall Street Deepens Saudi Ties Targeting Vision 2030 Prize
Citigroup, Goldman Sachs, and JPMorgan expand Riyadh operations to capture deals from the kingdom's $925 billion sovereign wealth fund and economic overhaul.
US Banking Giants Challenge Fintechs with Zelle International
JPMorgan, Bank of America, and Wells Fargo-backed Zelle network to leverage stablecoins for a major push into the $800 billion global remittance market.
NatWest Boosts Forecast After Q3 Profit Jumps 30%
The British banking giant surpassed analyst estimates and raised its full-year guidance on income and profitability, citing strong lending activity in a high interest rate environment.