Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion…
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with…
Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm
Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to…
Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators…
NYCB woes reignite fears about shaky banks as anniversary of March crisis nears
Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid…
A Goldman Sachs-backed electricity firm is making a play to reach more Americans’ homes
Goldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer…
JPMorgan Chase shuffles top leaders as race to succeed Jamie Dimon drags on
JPMorgan Chase on Thursday said several executives considered front-runners to one day take over for CEO Jamie Dimon had new…
Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO
Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead…
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and…
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year’s…
