Finance
Deutsche Bank looking to cut around 10,000 jobs
Deutsche Bank (DB) is planning to cut nearly 10,000 jobs as part of its efforts to reduce expenses. The job…
Fifth Third Bancorp to buy MB Financial for $4.7 billion
Broadening its presence in the regional markets further, Fifth Third Bancorp (FITB) agreed to acquire MB Financial (MBFI) in a…
PayPal agrees to buy iZettle for $2.2 billion in the biggest acquisition till date
PayPal Holdings Inc. (PYPL) agreed to buy European payments services provider iZettle for $2.2 billion. The deal, which is expected…
Mastercard to get a major boost from the shift towards digital payments
Mastercard (MA) stock has been on an upswing lately and touched a new 52-week high of $194.72 on Monday, up…
Buoyed by relaxed norms, JPMorgan eyes majority-owned JV in China
At a time when business ties between the US and China are on the threshold of a major shift, investment…
Intercontinental Exchange may soon have a bitcoin trading platform
Intercontinental Exchange (ICE) is building a platform where one can trade bitcoins, according to multiple media reports. ICE ventured into…
Activist Investor Carl Icahn divests stake in AIG
Last week, we heard the news about Warren Buffett adding another 75 million shares of Apple (AAPL) and increasing Berkshire…
MetLife’s profit beats estimates; stock in green
Insurer MetLife (MET) reported a 44% jump in first-quarter earnings driven by favorable underwriting, volume growth, and the effects of…
Increased expenses broaden Square’s loss in 1Q
Payment processing company Square (SQ) reported its first quarter results after the bell. Revenue for the quarter topped analysts’ consensus,…
Mastercard stock climbs on upbeat Q1
Payment network Mastercard (MA) reported upbeat first-quarter results as more consumers bought items using credit and debit cards. In a…