Visa is cutting 7% of employees in efficiency push as AI reshapes work
Visa’s Ryan McInerney delivers a keynote address at the Transact 15 conference in San Francisco, California, April 1,…
Cash at Chinese banks swells to record high as borrowing slows
China debt crunch Lenders are carrying $9.4tn more in deposits than they have out in loans A shopping…
Somalia to expand instant payment system linking banks and mobile money platform
Monday July 27, 2026 Mogadishu (HOL) — The Central Bank of Somalia has announced plans to expand the…
Moody’s: AI spending threatens credit quality of Amazon, Meta, Alphabet
Sundar Pichai, CEO of Alphabet, Satya Nadella, CEO of Microsoft, Andy Jassy, CEO of Amazon and Mark Zuckerberg,…
The traditional bank account is facing an existential threat from digital wallets
Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could…
BOJ likely to raise growth forecast and stand pat, sources say
The Bank of Japan is likely to consider raising its economic growth forecast at its July meeting while…
Gas prices temporary relief expected to pull inflation below 3%
OTTAWA — Falling gas prices in June are expected to pull the annual inflation rate back below three…
Bank of Canada holds key rate steady at 2.25%, predicts economic rebound
The Bank of Canada held its benchmark interest rate steady for the sixth consecutive time on Wednesday and…
Goldman Sachs and JPMorgan Chase are emerging as AI winners
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon and Goldman Sachs Chairman and CEO David Solomon.…
Turbulent month of economic data leaves Bank of Canada right back where it started – CTV News
Turbulent month of economic data leaves Bank of Canada right back where it started CTV NewsBank of Canada expected…
Prabowo risks prompt global banks to pull cash out of Indonesia
The three biggest foreign banks in Indonesia have shipped around $640 million of their earnings out of Southeast…
Japan’s top banks weigh how to raise dollars for promised US investments
Finance Private sector officials ask government, BOJ for help in securing foreign exchange Japan’s major banks are looking…