The goal of Walmart may be to build an infrastructure like Alibaba has in Asia.
The government called the companies’ decision to halt their combination “a victory for American consumers."
Fintechs are exploiting exemptions from banking rules, Dimon suggested.
The Wall Street giant will be the issuer for the automaker’s credit-card programs.
The effort is a collaboration with digital-payments upstart Marqeta.
In the pandemic age, banks are getting creative in a bid to keep affluent customers.
The deal values Bakkt at approximately $2.1 billion.
The small business expense-management fintech is now valued at over $1 billion.
The fourth quarter is generally the busiest for card issuers’ marketing and customer-acquisition efforts.
Recently, McGuire has been speaking more about education and health care in under-served communities.
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