Wise’s shares fell by 9% on Friday morning after the US Office of the Comptroller of the Currency (OCC) rejected its application for a national trust bank charter, delivering a severe setback to the cross-border payments firm in its primary growth market. As major fintech firms, including Revolut, have sought national trust bank charters in […]
For the past 25 years, card-not-present payments have been built around a defensive premise: Prove the buyer is human, authorized and in control of the transaction. Fraud systems, merchant controls and authentication tools were trained to treat nonhuman behavior as suspicious. That made sense when bots were mostly fraudsters. It becomes more complicated when the […]
Wise Group shares fell as much as 11% on Friday as the U.K.-headquartered, U.S.-listed fintech had its application for a national bank charter denied.
Shares of HDFC Bank slipped more than 1% on Friday after three separate US law firms announced investigations into whether the Indian private lender violated federal securities laws by allegedly disguising Rs 45 crore in payments to the Maharashtra State Road Development Corporation (MSRDC) as marketing spend. HDFC Bank shares dropped to Rs 737.25 apiece […]
A sweeping new review says the geometry, lighting, and patterns around you at work might be quietly overloading your brain.
In 2025, the IMF reported that, across the globe, companies, households, and countries had amassed $251 trillion in debt. Looking toward the end of 2026, J.P. Morgan has warned that interest rates on such borrowings are set to spike, owing largely to dwindling populations and diminishing fiscal discipline. In a note yesterday, JPMorgan’s Joyce Chang and […]
The Allahabad High Court has ruled that the Income Tax Department cannot issue a reassessment notice in the name of a person who has already died, holding that such a notice is void from the outset and cannot later be validated by simply substituting the deceased’s legal heir. The judgment provides important clarity for families […]
Gold and silver prices: The price of the yellow metal in India’s retail market declined on Friday, 24 July, amid continued uncertainty and tensions between the United States and Iran. The recent attacks on tankers in the Red Sea have once again raised the possibility of persistent inflation in the foreseeable future due to elevated […]
The AI race is changing. The smartest investment may not be the obvious one. Listen to the audio version of this article (generated by AI). Hello, Reader. Remember the DeepSeek shock back in January 2025? When the Chinese AI lab DeepSeek released its DeepSeek-R1 reasoning model, it shook global markets. The model showed that a […]
SIX, the Swiss financial infrastructure operator, reported very strong first-half 2026 results on July 23, with all four business units contributing to what the company called the strongest EBITDA result in its history. Net operating income rose 8.8% year-on-year to CHF 806.6 million (10.0% at constant exchange rates). EBITDA excluding transformation costs climbed 38.2% to […]