New York Community Bancorp secures $1bn equity boost following Q4 2023 losses
NYCB has also made several high-profile appointments to its board of directors.
News, intelligence and resources on the global fintech industry including topics such as financial results.
NYCB has also made several high-profile appointments to its board of directors.
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
You now have until Friday 23 February to get your nominations in.
The cuts are to be actioned with immediate effect, according to a staff memo from Dorsey.
Nominations for the 2024 awards are now open – apply today!
Nominations for the 25th annual Banking Tech Awards will open this spring.
The bank is anticipating run rate savings of $2 billion as a result of the cuts.
Fintech founders reflect on the past year and ponder how to move forwards.
Mbanq says it will support the launch of four new digital banking services in the US by the end of the year.
The company attributed the performance to hiring costs and US competition.
The move comes amid major regulatory enhancements for crypto set by the Canadian financial regulator.
The move is part of Block’s plans to reduce brand spending.
Marqeta is undertaking “restructuring actions” in Q2 this year to reduce operating expenses.
The Ohio-based firm says the restructuring support agreement is expected to “significantly” reduce debt.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Joseph Reece joins as chairman of the board with Tim Oliver and David Wilkinson named CEO-designates.
Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Fintech Business Weekly reports the firm is raising $50m at a $1.8bn valuation, a 28% decline in value.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
Under the new leadership, Temenos says it will focus on SaaS opportunities, including in the US.
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
Silvergate Capital’s share value dropped by over 40% in response to the financial results.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Canalyst says it wants to be “the new fundamental dataset of record”.
Vaneet Grewal, Box’s financial services managing director, talks to FinTech Futures.
There is plenty of room for experiments in BNPL, and many customer segments are yet to be addressed.
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
Between last October and December, revenue was up 38%, to $54 million.
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
“Vaccination is the most important economic policy for 2021,” says Botín.
The deal with Fundera sees NerdWallet continue to diversify its business.
From Wirecard and Enron to Bernie Madoff and Parmalat.
Practical steps to establish and maintain a successful cloud financial management (CFM) strategy.