GE Announces Completion of GE Transportation and Wabtec Merger
BOSTON – February 25, 2019 – GE (NYSE: GE) announced today the completion of the spin-off and subsequent merger of its transportation business with Wabtec Corporation (NYSE:WAB).
Societe Generale Reportedly Considers Thousands Of Job Cuts At Investment Bank
Societe Generale SA (SCGLF.PK, SCGLY.PK) is considering to cut jobs at its investment bank and find a partner for its cash-equity business in a bid to offset increasing cost pressure from regulation, Bloomberg reported citing people familiar with the matter.
McKinsey Settles With US DoJ Over Bankruptcy Disclosures
McKinsey & Co. agreed to pay $15 million to settle the U.S. Justice Department allegations that the consulting firm failed to make required disclosures of potential conflicts in three bankruptcy cases it has advised on in recent years.
J.P. Morgan to launch a U.S. dollar-backed cryptocurrency
JPM Coin, the first of its kind from a major bank, will initially be used to transfer funds over a blockchain network internally and between internationally between institutional clients.
Akamai and MUFG Announce Joint Venture for Blockchain-Based Online Payment Network
CAMBRIDGE, Mass., Feb. 12, 2019 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the intelligent edge platform for securing and deliverin
Bank of America Increases Common Stock Repurchase Program | Business Wire
Bank of America Corporation today announced an increase to its common stock repurchase program by an additional $2.5 billion in common stock to be rep
Nasdaq Launches Public Offer For Oslo Børs VPS Holding
Nasdaq AB, an indirect wholly-owned subsidiary of Nasdaq, Inc. (NDAQ), published the offer document for its public offer to acquire all of the issued shares of Oslo Børs VPS Holding ASA for NOK 152 per share.
Fed Leaves Rates Unchanged, Drops Reference To Gradual Rate Hikes
After raising interest rates by a quarter point last month, the Federal Reserve announced its widely expected decision to leave interest rates unchanged on Wednesday.
Visa Launches ePayments Processing in Argentina
Visa has launched a new ePayment processing system called VisaNet in Argentina, the company announced on Tuesday (Jan. 29). The company said the new service will bring new ways to pay and new services to Argentinian cardholders, shopkeepers and banking institutions. The launch will increase Visa’s slice of the domestic transaction pie in the region...
Robinhood Crypto coming to New York after firm nabs coveted BitLicense
Robinhood, the California-based broker, now has the green light from regulators in New York to open up shop in the state, the firm said Thursday. The company announced that the New York Department of Financial Services granted Robinhood the so-called BitLicense, which is only held by a handful of crypto companies including Genesis Trading and...
