Tuesday, October 26, 2021

British fintechs are jumping into the booming buy now, pay later market

A Mastercard debit card from U.K. digital bank Monzo.MonzoLONDON — Monzo and Revolut, two of Britain's best-known financial technology firms, are planning to enter the booming "buy now, pay later" industry.Buy now, pay later, or BNPL, plans are an increasingly popular method of payment that lets users spread the

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Swiss bourse gets regulatory approval to offer landmark digital token exchange

The SIX Swiss Exchange in Zurich, Switzerland.Stefan Wermuth | Bloomberg via Getty ImagesSIX, Switzerland's stock exchange, has won regulatory approval to launch its long-awaited digital bourse.The SIX Digital Exchange said Friday it obtained two licenses from FINMA, the country's markets watchdog, to operate a stock exchange and depository for

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Bank of America announces new CFO, technology and legal heads in sweeping management overhaul

Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019.Shannon Stapleton | ReutersBank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution.In a memo distributed to employees on

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Stocks making the biggest moves premarket: Affirm, Toyota, Endo, Bausch Health and others

Check out the companies making headlines before the bell:Affirm Holdings (AFRM) – Affirm soared 22.4% in the premarket as the "buy now, pay later" company's revenue easily topped estimates. Active merchant numbers more than quintupled and Affirm issued a positive outlook as well.Toyota Motor (TM) – The automaker cut

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Covid waves will hit the global supply chain for two years, Reagan economist warns

The semiconductor shortage is affecting consumers' ability to buy cars, smartphones and virtually all electronics — and there may be little relief in sight.According to economist John Rutledge, the Covid-19 pandemic will continue to inflict pain on the global supply chain and contribute to the semi logjam into 2023."The

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Stock futures are flat after Dow, S&P post fourth day of losses

U.S. stock index futures were little changed during overnight trading on Thursday, after stocks registered a fourth-straight day of losses.Futures contracts tied to the Dow Jones Industrial Average declined 8 points. S&P 500 futures and Nasdaq 100 futures were flat.During regular trading the Dow shed roughly 150 points, or

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Wells Fargo hit with another fine, but also says CFPB order from 2016 sales practices has ended

Charles ScharfQilai Shen | Bloomberg | Getty ImagesWells Fargo was hit with a $250 million fine from a banking regulator after it failed to properly execute a mortgage loss-mitigation program.The Office of the Comptroller of the Currency said Thursday that the bank engaged in "unsafe or unsound practices" tied

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