This is a preview of The Rise of Banking-as-a-Service research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more insights like this with our brand new Banking coverage. Subscribe today to receive industry-changing banking news and analysis to your inbox. Fintechs are encroaching on incumbents’ share in the banking game,... Read More →

Visa’s Fast Track program, which allows fintechs to quickly get onto the payment giant’s network, has seen record interest as small companies look to stand up digital-payment capabilities amid the coronavirus pandemic.  Terry Angelos, global head of fintech at Visa, told Business Insider the program can cut a process that can take over a year... Read More →

US stocks rose Friday as positive signs that the economy will reopen soon offset a dismal April jobs report.  The report showed that the US economy lost a record 20.5 million jobs last month. That pushed the unemployment rate to 14.7%, the highest since the Great Depression. First-quarter earnings season continued, and US crude oil... Read More →

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The US Treasury Department will auction a 20-year bond in May for the first time since 1986, according to a Wednesday press release. The department is reopening the bond and increasing sizes of other issuances as it plans to borrow $3 trillion in the second quarter for rising stimulus costs. The Treasury also plans to... Read More →

Pershing Square Capital Management founder Bill Ackman was known for colorful statements well before his notorious March 18 CNBC interview. The billionaire investor is among the few to win out through the tumultuous first quarter, turning a $27 million bet on credit protection into $2.6 billion when coronavirus risks caught up with the financial sector.... Read More →

With 55% of S&P 500 companies reporting earnings so far, company profits are headed for their worst fall since 2009. For the first quarter of 2020 to May 1, the blended earnings decline for the S&P 500 is 13.7%, according to FactSet. “If -13.7% is the actual decline for the quarter, it would mark the... Read More →

This is a preview of recent Banking research from Business Insider Intelligence. Business Insider Intelligence offers even more banking and finance coverage with Banking Pro. Subscribe today to receive industry-changing banking news and analysis to your inbox. Want more Banking research? Here’s how to get access: Sign up for Banking Pro, Business Insider Intelligence’s expert product suite... Read More →

Warren Buffett’s Berkshire Hathaway netted more than $6 billion from stock sales in April, its first-quarter earnings showed. The billionaire investor’s company was widely expected to deploy a chunk of its $128 billion cash pile last quarter, but instead its reserves grew to $137 billion by the end of March. Berkshire’s first-quarter figures missed Wall... Read More →

Both globally and in the US, the payments ecosystem is evolving. Two related trends: the slow death of cash and the fast rise of digital payments, are transforming how consumers, businesses, governments, and even criminals move money. Annual global non-cash transactions are expected to pass the 1 trillion milestone by 2024. This major transformation is... Read More →