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Citi formed a data and analytics pact with the London Stock Exchange Group (LSEG).
The collaboration is designed to “deploy LSEG’s data, analytics and workflow solutions at enterprise scale” while bolstering Citi’s data foundations and “broader modernization efforts,” according to a Tuesday (Dec. 16) press release.
The multiyear agreement will see LSEG’s data and analytics support Citi...
A new regulatory report shows non-bank groups accruing more assets than their traditional banking counterparts.
The value of assets by these groups — which include private credit providers, hedge funds and insurance companies — grew at more than twice the rate of assets in the banking industry during 2024, the Financial Stability Board (FSB) said in a report Tuesday (Dec. 16).
In 2024...
Uber said Tuesday (Dec. 16) that a Federal Trade Commission lawsuit that was joined Monday (Dec. 15) by 21 states and the District of Columbia is “misguided” and would “upend how virtually every modern subscription service operates.”
The FTC sued Uber in April, alleging that the rideshare and delivery company engaged in deceptive billing and cancellation practices related to its Uber...
After weeks of delay, a fresh wave of government data is finally offering a clearer snapshot of how consumers and workers in the United States have weathered months of tariff uncertainty, higher interest rates and uneven job growth heading into the holidays.
The picture that emerges is neither collapse nor comfort.
Retail spending has stalled, labor market momentum has cooled, and...
Livestream shopping is popular in China, but it hasn’t caught on in the United States.
That could be changing, however, Bloomberg reported Tuesday (Dec. 16). TikTok parent ByteDance is trying to replicate the success it found with its Chinese platform Douyin in the U.S.
Small businesses are increasingly making TikTok a crucial part of their sales strategy, the report said. In some...
When it comes to cryptocurrency, the Securities and Exchange Commission is increasingly trading in its stance of enforcement for one of education and enablement.
The agency released an investor bulletin Friday (Dec. 12), titled “Crypto Asset Custody Basics for Retail Investors,” a plain-language explainer of how digital assets are held, accessed and lost. For retail investors, the most...
Mastercard and LoanPro plan to launch a program that will enable lenders to deliver installment loans through virtual and physical cards.
The Loan on Card program is set to launch in 2026, the companies said in a Tuesday (Dec. 16) press release.
The program will give lenders greater control over loan enablement by allowing them to combine the structure of a fixed installment loan with...
The United States government reportedly paused its technology deal with the United Kingdom.
The suspension of the “technology prosperity deal” comes amid rising frustration in Washington over the progress of trade discussions with the U.K., the Financial Times reported Monday (Dec. 15).
The deal, announced in September during President Donald Trump’s trip to the U.K., is designed to...
Monzo CEO TS Anil announced in October plans to hand the company over to new leadership.
The company said the transition was happenstance. It had been seeking a new United Kingdom CEO to report to Anil and found in Google veteran Diana Layfield, someone who could fill the top job.
However, the Financial Times reported Tuesday (Dec. 16) that Anil was actually asked to step down due to...
Rivian Automotive unveiled a custom artificial intelligence (AI) chip and a comprehensive autonomy platform designed and engineered in-house.
The announcement, made at the company’s first “Autonomy...