Citi has just announced a fresh batch of 276 managing directors. This is the smallest group since 2020, showing a shift in the bank's approach. The new leaders come from different parts of the bank, like markets, banking, wealth, and services. The bank is focusing more on growth in these areas after
MrBeast, the top YouTuber, is not just about videos anymore. The company behind him, Beast Industries, is diving into financial services. This news came from the CEO, Jeffrey Housenbold, at a recent event. The company wants to launch a financial platform under the name MrBeast Financial. It will of
In the past, bagmen were shady characters in movies, carrying stolen goods. They had to be careful not to attract attention. But times have changed. Now, you can get a bag of cash delivered to your door. It's like having your own personal ATM. Robinhood, a company that helps people invest in stocks
The banking world is on the brink of a major shift, moving away from flashy AI experiments to practical, behind-the-scenes improvements. This change is not about creating chatbots that can chat with customers. It is about building systems that can handle complex tasks on their own, like fixing old c
The Buy Now, Pay Later (BNPL) scene in the U. S. is booming, with big names like Affirm, Afterpay, and Klarna leading the pack. These companies are teaming up with major retailers to offer flexible payment plans, making BNPL a go-to choice for many shoppers, especially younger ones. The market is ex
Some of the biggest banks in the U. S. are in the spotlight after a cyber attack hit a company they work with. SitusAMC, which helps manage real estate investments, found out about the breach on November 12. They think some client files might have been exposed. These files include financial records
Meghan Sonderegger has climbed the ranks at Union Bank & Trust (UBT) and is now the Vice President of Treasury and Payments. She's been with the bank since 2005 and has focused on improving digital products for both retail and business customers. Sonderegger is not just about work. She gives back t
Intuit and OpenAI have joined forces in a major deal. This partnership aims to bring Intuit's financial tools to ChatGPT. The deal is worth over $100 million for OpenAI. It will help Intuit reach more users and make its services more accessible. Intuit's products like TurboTax, QuickBooks, Credit K
LevelField Financial Inc. is making waves in the financial world. They just got the okay from Illinois to buy Burling Bank. This is a big deal because LevelField wants to create a bank that works with both regular money and digital currencies like Bitcoin. But before they can celebrate, they need on
Janney Montgomery Scott, a firm owned by KKR & Co. , is making some big changes. They're in talks to sell off parts of their business. Specifically, they're looking to sell their division that advises banks and their institutional equities business. This sale is part of a larger plan to focus more o
