News

Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims

British fintech Revolut criticized Meta over its approach to tackling fraud and said the U.S. tech giant should directly compensate fraud victims.

Klarna CEO says a European tech brain drain is ‘number one risk’ for company ahead of IPO

Klarna boss Sebastian Siemiatkowski said unfavorable share-based compensation rules in Europe could cause employees to flock to U.S. tech companies.

China stock ETFs rip higher even as mainland markets close for holiday

Exchange-traded funds overseas that track Chinese stocks continued their rally Wednesday even as mainland markets were shut for a week-long holiday.

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures

London's Financial Conduct Authority said it has fined Starling "for financial crime failings related to its financial sanctions screening."

Facebook owner Meta forms data-sharing pact with UK banks to counter scams

Meta is working with U.K. banks NatWest and Metro Bank on an information-sharing agreement to help them prevent customers from falling victim to fraud.

With Hurricane Helene disrupting travel, here’s what fliers need to know

Travelers impacted by Hurricane Helene's destruction in the Southeast U.S. may be out of luck when it comes to financial compensation.

Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans

The payments giant touted the deal as a way to help consumers with a key pain point — managing the myriad subscription services that exist today.

Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him

After 16 years leading the brokerage firm, Bettinger will be replaced by an internal CEO hire.

London-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake

British retail investing app Freetrade has entered into an agreement with Australian rival Stake to take on all of the company's U.K. clients and their assets.

Robinhood launches crypto transfers in Europe as it pushes overseas expansion

Retail investing platform Robinhood is setting sights on an EU expansion as part of broader plans to increase its global foothold.

China's stock surge has echoes of the 2015 bubble. What's different this time

The rocket up in Chinese stocks so far looks different from the market bubble in 2015, analysts said.

Watch Fed Chair Jerome Powell speak live on economy, policy views

The central bank leader speaks Monday to the National Association for Business Economists in Nashville.
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