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HSBC has disclosed a leadership transition in its U.S. operations.
Lisa McGeough stepped down from her role as president and CEO of the United States and U.S. head of banking “to pursue new opportunities outside HSBC,” the bank said in a Friday (Aug. 29) filing with the Securities and Exchange Commission (SEC).
“She leaves with our best wishes and thanks for her many contributions...
Walmart is offering support at an event and a dedicated office to encourage U.K. and European businesses to use its online marketplaces to sell to customers in the Americas.
The company is promoting to these businesses its marketplaces in the U.S., Canada, Mexico and Chile, according to a Friday (Aug. 29) press release.
Walmart will host a UK Walmart Seller Summit in London on Sept. 9...
Liberis and Elavon partnered to deliver a funding solution for small businesses across the United States.
The new Quick Capital solution is powered by Liberis’ embedded finance platform and Elavon’s merchant portal for payment processing solutions and services, the companies said in a Tuesday (Aug. 26) press release.
With this combination, eligible small businesses can access revenue-...
All eyes were on the latest Personal Consumption Expenditures data Friday (Aug. 29) as a read-across for when the Federal Reserve may cut interest rates.
But the information also details pressures on consumers navigating a balancing act in terms of spending and saving: While incomes, and particularly disposable income, are on the rise, spending is outpacing that gain. But when...
Artificial intelligence-related products led Alibaba Group’s gains during a quarter in which the global technology company earned double-digit year-over-year revenue growth across its businesses.
Overall, during the quarter ended June 30, Alibaba reported year-over-year revenue growth of 2%, or 10% when revenue from two businesses it sold over the past year is excluded, according to a...
It’s no secret the Trump Administration loves bitcoin and crypto. And as news this week from the Department of Commerce shows, that enthusiasm is now spilling over across the rest of the government.
On Thursday (Aug. 28), the Commerce Department announced that it will begin posting real gross domestic product (GDP) data on blockchain, beginning with the July 2025 data, to the following...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a warning that Chinese money laundering networks are now among the most significant threats to the U.S. financial system, fueling operations of Mexico’s most powerful drug cartels.
In a new advisory released Thursday (August 28), FinCEN said groups including the Sinaloa Cartel and the Jalisco New...
The FinTech IPO Index posted a strong performance this past week, rising 6% as double-digit surges became commonplace for the platforms and digital upstarts that continued to report quarterly results.
Earnings Reports Roll In
nCino shares jumped 15.5%. In PYMNTS reporting on nCino’s results announced this week, we detailed that the company plans to add sophisticated artificial...
Is that Amazon you’re wearing? If you shop for clothes in the U.S., the odds keep improving that the answer is yes.
PYMNTS Intelligence will publish a comprehensive Q2 2025 “Share of Wallet: Amazon vs. Walmart” report next Tuesday (Sept. 2), with market‑share and category breakouts. For now, the apparel aisle provides the sharpest view of how Amazon has leveraged its strengths to gain...
Accounts receivable (AR) isn’t a corporate function typically known for its innovation.
The department has typically been known for ledger accuracy, sending overdue notices and chasing payments. Its mission has been to ensure that money owed is collected.
Eventually.
However, as global headwinds continue to squeeze cash flows, corporate finance is being reshaped to meet the uncertain...