Payments Peek
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STX’s Fintech Co. sued Chancery claims Walmart deal breached.
STX Business Solutions asserts FIT intentionally breached a profit-sharing deal with Walmart, prompting a lawsuit for damages and corrective actions in Delaware Chancery Court. #STXBusinessSolutions #LegalAction #BusinessEthics
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TD anticipates $141M windfall from Schwab as banks unveil earnings.
TD Bank Group (@TD_Canada) forecasts $141M in Q1 equity net income from Charles Schwab, amidst a 30% year-on-year decline in adjusted earnings. #Banking #Finance #EarningsTrends
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Hsu insists: Big banks must meet 5-day liquidity demand
Acting Comptroller Michael Hsu proposes a new liquidity rule for banks to pre-position collateral at the @FederalReserve, ensuring readiness for sudden liquidity demands and strengthening financial stability. #BankingRegulation #FinancialSector #LiquidityManagement
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FinAGG Technologies secures $11M funding in co-led Series A round.
FinAGG Technologies raises $11M Series A led by @BlueOrchard and Tata Capital, fueling its mission to enhance MSME financing through innovation and global expansion. #FintechGrowth #FinancialInclusion #SeriesAFunding
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Sainsbury’s bids adieu to banking, cherishing new adventures ahead.
Sainsbury’s (@sainsburys) sets to bid farewell to the banking sector, embracing a future of financial services through specialty providers, reflecting the shift towards digital banking. #BankingExit #DigitalFinanceShift #Sainsburys