Bakkt's stock fell 27%+ on March 18 after the crypto company said that two of its largest clients, Bank of America and Webull, would not renew their agreements
Stephen Katte / Cointelegraph :
Stripe, Revolut, and other banks and fintechs rush to launch stablecoins; there are ~$210B in stablecoins issued globally, including Tether printing $142B
Bank of America and Stripe target market for payments in cryptocurrencies — Some of the world's largest banks and fintechs …
NYC-based Versana, a two-year-old platform that allows lenders to access data about $2.7T worth of loans, raised $26M from Barclays, Bank of America, and others
Jan-Henrik Foerster / Bloomberg :
Bank of America values Jio Platforms at $107B, up 64.6% from $65B in 2020 when the Indian telecoms and digital conglomerate raised $20B+ from Meta and others
Manish Singh / TechCrunch :
New York-based OpenFin, which offers tools for financial institutions to build unified, digital workspaces, raised a $35M Series D led by Bank of America
Mike Butcher / TechCrunch :
Jack Ma's Ant Group, payments processor for Alibaba, plans a dual listing in Hong Kong and Shanghai, sources say seeking a valuation of $200B+
What you need to know about the dual IPO Paddy Baker / CoinDesk : Alibaba's Ant Group Plans Dual IPOs at Possible $200B Valuation Fortune : Why the world's most valuable unicorn is shunning a U.S. IPO...
Amazon stands to emerge from the pandemic stronger than many of its competitors, with as much as an additional $4B in revenue this year, per Bank of America
(CNN Business)As the coronavirus pandemic has forced people to stay inside, few companies have proven themselves as essential as Amazon.
Online banking platform Good Money, which offers each customer an equity share and asks them to vote on sustainable causes to invest in, raises $30M Series A
In a given year, the biggest banks in the U.S.-Wells Fargo, Citi, Bank of America, and JP Morgan Chase-rake in billions of dollars …
Low fees and high interest rates are allowing VC-funded “neo-banks” like Chime, Aspiration, Empower, and Varo to compete with the big consumer banks in the US
Nathaniel Popper / New York Times : Tweets: @nathanielpopper , @garrytan , @mr_james_c , @jamesplloyd , @nytimesbusiness , @nytimesbusiness , @nytimesbusiness , @alexisohanian , and @nytimesbusiness ...
Apple becomes the world's only company with a $1T market cap
combined! Edward C. Baig / USA Today : How Tim Cook and the iPhone made Apple America's first $1 trillion company Surur / MSPoweruser : Apple beats Microsoft, Google and Amazon to $1 trillion valuatio...