Banking

Fidelity National Financial Confirms Data Breach Impacting 1.3 Million Customers

Fidelity National Financial Confirms Data Breach Impacting 1.3 Million Customers

Fidelity National Financial (FNF) confirms cyberattack, compromising data of 1.3 million customers in November. Attack led to a week-long outage,…

January 10, 2024

Elon Musk’s Social Media Platform X Announces Peer-to-Peer Payments Launch

Peer-to-Peer Payments: Elon Musk's X, formerly Twitter, plans to introduce peer-to-peer payments, aiming to enhance user utility and commerce opportunities.…

January 10, 2024

Jefferies Financial Group Inc. Reports Sharp Decline in Earnings and Revenue Amid Economic Challenges

Jefferies Financial Group Inc. reports a 49.12% YoY drop in earnings per share ($0.57 to $0.29). Quarterly revenue declines by…

January 9, 2024

Fino Payments Bank Seeks Transition to Small Finance Bank Status Following RBI’s Guidelines

Fino's Transition to SFB: Fino Payments Bank applies to become a Small Finance Bank, aligning with RBI guidelines for growth.…

January 9, 2024

Affirm’s Stock Soars 430% in 2023: Unveiling the BNPL Boom Amid Skepticism and Wall Street Showdown

Remarkable Turnaround: Affirm's stock surged 430% in 2023, outperforming tech giants, reversing a 90% slump in 2022. BNPL Dominance: Affirm's…

December 28, 2023

Currency Turbulence Unleashed: Fed’s Surprise Move Sparks Global Market Shift

Fed Signals Policy Shift: Federal Reserve indicates the end of the interest-rate hike cycle, signaling potential rate cuts in 2024.…

December 14, 2023

Citigroup’s Billion-Dollar Pivot: Profits, Cuts, and Challenges in High-Stakes Financial Overhaul

$1 Billion Restructuring: Citigroup unveils a $1 billion restructuring plan, targeting cost reduction, with $600 million allocated for severance. Expense…

December 8, 2023

Sberbank’s $4.84B Tech Surge: Russia’s Top Lender Unleashes Bold IT Investment, Pioneering AI in Post-Sanctions Era

Sberbank's Investment: Plans to invest $4.84 billion in IT over three years, focusing on AI, digital transformation, and innovation. Financial…

December 6, 2023

Japan’s Banking Revolution: Navigating Rising Rates – Are the Institutions Ready for the Economic Turnaround?

Inflationary Shift: Japan's economy anticipates a shift from deflation, prompting major banks to prepare for the challenges of rising interest…

December 5, 2023

Wall Street’s Resilient Titans: Morgan Stanley and Citigroup Defy Market Blues in Remarkable Streaks

Both banks marked a fourth consecutive day of gains, showcasing resilience in a declining market. Morgan Stanley's shares rose 0.40%,…

December 5, 2023