Finance

Big banks are quietly cutting thousands of employees, and more layoffs are coming

The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are…

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of…

Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock…

Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive

Cryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told…

Stakes raised for Powell speech Thursday with 10-year yield on cusp of 5%. Here’s what he could say

Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address, with markets bracing that…