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Wells Fargo | January 14, 2020

The S&P 500 eased from record levels on Tuesday, as technology stocks handed back gains made on hopes of a preliminary U.S.-China trade deal and Wells Fargo slid in a mixed start to big banks’ quarterly earnings. Kicking off the fourth-quarter earnings season, the largest U.S. bank, JPMorgan Chase & Co (JPM.N), rose 2.3% after reporting a better-than-expected profit on strength in its trading and underwriting businesses, keeping the blue-chip Dow index in the positive territory. We...

Facebook | April 28, 2020

Global payment service provider Checkout.com said on Tuesday it would join Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra. "The Libra project holds the promise of increasing financial inclusion for billions of unbanked people", the company said https://www.checkout.com/blog/post/checkout-com-joins-the-libra-association, adding that it was important to regulate the blockchain space to ensure a secure and stable payments infra...

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Priority Technology Holdings, Inc. Finxera Holdings, Inc. | March 09, 2021

Priority Technology Holdings, Inc., today announced that it merged with Finxera Holdings, Inc. to launch the first Banking as a Service ("BaaS") platforms. They have entered into a definitive agreement to merge where Finxera will operate as a wholly-owned subsidiary of Priority. The transaction platform is expected to start in the third quarter of 2021. Priority Technology Holdings, Inc is a leading payments technology company. Finxera Holdings, Inc. ("Finxera") is a pioneer ...

BlackRock | January 15, 2020

BlackRock Inc.'s assets scaled $7 trillion for the first time, putting the spotlight on the world's largest money manager's growing reach. The investment giant took in $128.8 billion in net new money in the fourth quarter of 2019, where exchange-traded funds drew big inflows. That is up from the $49.8 billion in net flows in the year-ago period. BlackRock's quarterly net profits rose 40 percent to $1.3 billion. The company's fourth-quarter earnings of $8.29 a share exceeded W...