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Barclays | February 27, 2020
Youtility, a London-based startup tapping into Open Banking to help people track their household expenses and switch utility suppliers, has raised £4.5 million in a funding round joined by Barclays. Barclays was joined by Icap founder Michael Spencer and Ascension Ventures’ Fair By Design Fund, which focuses on firms targeting low-income households. The free Youtility app taps Open Banking to connect to users' bank accounts and identify home finance providers - such as energy, wa...
Wells Fargo | March 04, 2020
Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the amount of fees that can be charged to customers. One account will limit overdraft fees to once per month and will come with checks, while the other type of account will have no overdraft fees and will not come with checks, Bloomberg reported. The account with limited overdraft fees will come at the cost of $10 a month, while the option withou...
Visa | July 29, 2020
Visa Inc. (NYSE: V) has been notified of an unsolicited “mini-tender offer” by Ponos Industries LLC to purchase up to 1 million shares of its Class A common stock, representing approximately 0.06% of Visa’s outstanding shares of Class A common stock. Ponos’ offer price of $210.00 is 9.06% above the closing price of Visa’s Class A common stock on July 10, 2020, the last trading day prior to the date of the offer. While this price is presently above the current market...
Tesla | January 16, 2020
Tesla (NASDAQ:TSLA) shares fell in midday trading Thursday, which shouldn’t be a big surprise to anyone who’s been watching the stock lately. The stock has nearly doubled in the last six months. Rallies do run out of steam and even the most bullish of bulls take some profits on a hot stock. Shares were down about 3.4% due to a couple of reasons. First, a report showed that the electric automaker’s sales in California nearly halved in the final quarter of 2019 as a ramp-up in ta...
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