Morgan Stanley beat the estimates with a 57% increase in third-quarter profit as fixed-income trading revenue surged. The bank’s net income rose to $1.6 billion, or 81 cents per share, from $1.02 billion, or 48 […]
Credit cards are the only form of in-person payments that US and Canadian consumers are using more frequently, an Accenture survey finds. The percentage of consumers paying by credit card on a weekly basis has […]
Banking regulators have proposed cybersecurity rules that would require institutions considered systemically risky to prove they can run major operations within two hours of an attack or a large systems failure. Other requirements include a […]
Pinterest has unveiled an initiative called Pin Collective that teams marketers with influencers and content creators. Four production shops are involved in the program — The Mill, Moment Studio, McBeard and loop88 — along with […]
The Federal Reserve described the US economy’s outlook as “mostly positive” in its Beige Book, an anecdotal roundup of reports from its 12 districts. The economy is growing steadily and the labor market is tightening, […]
The Federal Reserve, the European Central Bank and the Bank of Japan have been in a stage of record bond buying and hold $12.7 trillion in sovereign debt, loans and other assets. Meanwhile, assets of […]
Yelp has partnered with Pittsburgh-based startup Nowait to give users access to a free mobile app that allows them to hold their place in line at casual restaurants that do not take reservations. Currently, 4,000 […]
Banking business from London could shift to the US, rather than another European country, as part of the fallout from the UK’s vote to leave the EU, says John Nelson, chairman of Lloyd’s of London. […]
Mastercard and other financial-services companies are using biometrics such as selfies to authenticate customers. Security experts warn that hackers are keen to steal biometric data and that such theft may have long-term ramifications. The Wall […]
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