Smartphones may still be lagging when it comes to taking over the virtual payments business, as evidenced by two companies this week. Square, a San Francisco-based mobile payment company, was valued at $3.25 billion in its latest fundraising, reports Richard Waters of Financial Times. However, that’s a huge feat for a start-up company that has […]
Nasdaq OMX is defending its $62 million payout offer to brokers who lost millions from Facebook’s problematic debut, reports Arash Massoudi of Financial Times. Read: Facebook shares freefall after lock-up lifted This comes after Citigroup and UBS last month urged regulators to reject Nasdaq’s proposal because it was insufficient in size. Nasdaq fired back on […]
Surveys have long predicted the growing popularity of cashless payments. And now, the Canadian Government has expanded the Code of Conduct for the Credit and Debit Card Industry to include mobile payments.
Financial execs were likely looking over their shoulders today as protestors took to the streets to reignite Occupy Wall Street. But, reporters globally say the movement is weaker than it once was.
The Federal Reserve’s latest attempt to aid the U.S. economy has hit a roadblock. Also, easing measures may not be as good for emerging markets as first appears.
For the majority of advisors, Facebook and other platforms are simply social sites designed for soft sells and quick sharing. What if there was an alternative, though, where you could fully discuss and read about trends and specific products?
Francis Martin Florey was quickly caught and fined by FINRA for both impersonating a wealthy client and attempting to steal their funds.
Ben Bernanke has brought about many policy changes and innovations since his appointment in 2006, but Financial Times columnists say launching open-ended QE may be his most important move yet.
Investors have gained a new place to park their cash; RBC is issuing the first-ever publicly traded, U.S. dollar covered bonds.
News: Moody's threatens U.S. credit rating; Facebook's future; and Draghi can't save the Eurozone.