Stripe will collaborate with
The deal demonstrates the flexibility of
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There is some risk for Stripe, reports the BBC, because the impact on Stripe's bottom line depends on the popularity of these foreign retailers inside of China. Stripe co-founder John Collison told the BBC these retailers are more likely to sell to Chinese consumers if it's easy for them to collect payments.
The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
