Financial technology start-ups are bringing their own dose of pressure. Many of these tech companies zero in on small segments of finance like lending or savings accounts, without having a bank charter. They often partner with a federally-insured...
Analysts have long speculated that smaller banks needed to join forces to scale up their technology budgets as consumer preferences shift to mobile devices, but deals haven't been happening. Completed bank mergers totalled $19.7 billion last year, the...
Check out the companies making headlines before the bell: SunTrust, BB&T – BB&T is combining with SunTrust in a $66 billion merger of equals. SunTrust shareholders will get just under 1.3 BB&T shares for each...
The banking industry is heading into a difficult environment and that's why they are teaming up. On Thursday, BB&T announced it will buy SunTrust Banks for $28.24 billion in an all-stock deal, or a 7...
For his part, Tink's tech chief said that working with banks is "a really great thing." "Obviously for us, it's a business, it's a way to get leverage on our technology," Hedberg said. "But also...
Jin Lee | Bloomberg | Getty Images Jeremy Stoppelman, chief executive officer of Yelp Inc. Yelp,...
Check out the companies making headlines before the bell: Viacom – The media company earned an adjusted $1.12 per share for its latest quarter, 9 cents a share above estimates. Revenue fell short of forecasts,...
Check out the companies making headlines after the bell: Shares of Alphabet dropped more than 3 percent in extended trading on Monday despite beating on its top and bottom lines. The Google-parent company's earnings per...
ARK Investment Management is launching its first financial technology, or "fintech," focused exchange traded fund on Monday. The actively managed "ARK Fintech Innovation ETF" began trading on the New York Stock Exchange Arca under the...
Check out the companies making headlines midday Monday: Papa John's — Shares of the embattled pizza maker rose more than 12 percent after the company announced Starboard Value has taken a $200 million stake in...
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