Tesla released financial results for the 2020 third quarter after Wednesday’s closing bell, beating analysts’ expectations on EPS and revenue. The EV maker reported its fifth consecutive quar...
Warehousing is an intermediate stage in a collateralized debt obligation (CDO) that includes the purchase of loans or bonds that can serve as collateral in a CDO transaction. It is the accumulation an...
With more innovations and strategic ideas springing up among fintech startups, digital banks are strongly advancing in the banking industry, swaying customers away from traditional banking as they pro...
Sequoia Capital India on Thursday announced the success of its second seed fund at $195 million.According to the company, the second seed fund will be committed to backing talented entrepreneurs acros...
Step, a teen-focused US banking service, has raised $100 million in a Series C funding round led by General Catalyst, and payment platform Stripe. Other investors include celebrities Will Smith, Jared...
The People’s Bank of China said on Friday that it would cut the reserve requirement ratio (RRR) by 50 basis points for all banks. The new order is set to take effect from July 15.“We think this br...
Nigerian finance service provider, CrowdForce recently announced that it had closed $3.6 million in pre-Series A funding, including $1 million in debt. Aruwa Capital Management led the round. Othe...
First Bank of Nigeria Limited, Nigeria's primary and leading financial inclusion services provider, has announced a US$100 million finance facility with CDC Group, the UK Government's developmen...
Over the weekend, the cyberwar in Ukraine heated up as the cyber hacking group Anonymous entered the scene, declaring war "against the Russian government." The group has already claimed respons...
Wells Fargo said on Friday that its second-quarter earnings fell 48% from the same period last year as a result of the bank setting aside money for bad loans and being hurt by decreases in its equ...