Big Banks: Fifth Third Acquires Comerica
Fifth Third (Nasdaq: FITB) will acquire Comerica (NYSE: CMA), according to a public statement. The deal will create the ninth-largest US bank, with approximately $288 billion in assets. Shares of bot...
Fintech Abound Tops £1 Billion in Online Lending
Abound, a UK Fintech in the online lending sector, has surpassed £1 billion in lending. First reported by Financial IT, Abound CEO Gerald Chappell, is quoted on the milestone: “Reaching £1 billi...
Swiss Exchange Operator SIX Brings Digital Asset Entity In House
SIX, the operator of the Swiss Stock Exchange, will bring its digital asset group SDX in-house as it moves closer to becoming a marketplace based on blockchain technology. In May, it was announced tha...
Robinhood Outage Strikes at the Worst Possible Time
Markets opened to chaos on Monday as Robinhood users flooded social media with outage complaints, unable to access trades just as stocks began moving fast.
The incident, although unrelated, coincid...