Financials

Markets

Venmo raising and adding fees

Venmo will soon be adding fees for some previously-free services and hiking existing fees on others, the mobile transaction service informed its customers.

Financials

HSBC to sell US retail bank branches

HSBC Holdings PLC will exit from its U.S. retail and small-business banking operations as the bank shifts its focus to wealth management and international banking, especially in Asia.

Markets

Cryptocurrency crackdown by China is about more than the 'safety of people's property'

On Wednesday China echoed previous announcements, making clear in no uncertain terms that financial institutions and payment companies should not participate in any cryptocurrency-related transactions or services. The comments helped send the price of Bitcoin plummeting to its lowest price since January – $30,066,-- before recovering Thursday at around $41,000.