Financials

The Federal Trade Commission has ordered Mastercard to cease business practices it claims are designed to bar vendors from routing payments through third parties.

Binances internal finances still remain opaque to investors after the collapse of Sam Bankman-Fried's cryptocurrency trading firm FTX caused increase scrutiny.

Goldman Sachs may cut the bonus pools for 3,000 investment bankers by at least 40%, the highest cut since the 2008 financial crisis, according to a new report.

Binance CEO Changpeng "CZ" Zhao said on Wednesday things have normalized after the crypto exchange paused withdrawals of its USDC coin

Juul Labs gets equity investment to pay $1.2 billion in settlements for contributing to America’s youth vaping epidemic.

Accounting issues that brought down major crypto firms like FTX and Celsius, exist in firms weathering the crypto contagion such as Marathon and Riot Blockchain.

Witnesses told the Senate Banking Committee that only those policies that are explicitly discriminatory should be rooted out to make the financial system fair.

The pandemic supercharged money-transfer services. Zelle recorded some 1.8 billion transactions in 2021 totaling $490 billion, more than double prepandemic levels.

Bitcoin venture investor Marty Bent of Ten31 saw red flags with the FTX cryptocurrency exchange long before its historic collapse under founder Sam Bankman-Fried.

Crypto exchange Binance said Tuesday it plans to purchase rival FTX, which acknowledged it is experiencing a "liquidity crunch" and asked for the deal.

Stripe's cuts will reduce its headcount to a total of almost 7,000 people and impact multiple divisions. Recruiting will be heavily impacted as the financial services giant plans to hire fewer people next year.

The bank boosted its key rate by three-quarters of a percentage point Thursday, to 3%, after consumer price inflation returned to a 40-year high in September.

The SEC passed a rule required by the Dodd-Frank Act to force public companies whose financial statements contain errors to recoup their executives’ bonuses and other incentive pay.

Chipmaker from Taiwan, UMC, has cut CapEx as it worries about a global economic recession, lead by energy insecurity, the war in Ukraine, and inflation.

The second-largest U.S. bank, led by Brian Moynihan, earned 81 cents a share vs. analysts' expectations of 77 cents per share in the third quarter of the year.

The bank set aside $808 million in reserves, as the U.S. Federal Reserve's efforts to cool the economy through interest rate hikes have stoked fears of an economic downturn.

The Swiss bank's debt buyback plans come in an effort to calm market jitters related to its financial health. Credit Suisse shares jumped more than 10% on Friday.

Global fintech investment fell from $111.2 billion in the second half of 2021 to $107.8 billion in the first half of 2022, according to KPMG's Pulse of Fintech report

Treasury Secretary Janet Yellen sees inflation coming under control next year due to a variety of factors. Those factors include investments in clean energy.

KeyBank says that mortgage customers have become the victims of a hacker who grabbed personal information from a third-party provider.