Major US banks including JPMorgan, Bank of America, Wells Fargo, and PNC have held talks about acquiring a payment network owned by fintech company Fiserv. This move aims to bypass the 2010 Dodd-Frank law's Durbin amendment, which caps debit-card fees banks can charge merchants unless they own the network. The banks seek to increase interchange fee revenue, which has been limited by the fee caps, affecting their ability to fund free checking and rewards programs. However, some banks are hesitant due to potential regulatory and merchant backlash, and no deal is confirmed yet.
More than a dozen Wall Street analysts initiated coverage of SpaceX stock on July 7, 2027, with price targets ranging from $190 to $800. The average 12-month price target from 26 analysts is $216.48, indicating an expected rally of nearly 35% from it...
JPMorgan enters the Q2 earnings season with a strong outlook, trading near its all-time high despite compressed valuation multiples. The bank could beat earnings expectations, driven by potential upward revisions to net interest income guidance amid ...
KEPPT has appointed J.P. Morgan to arrange financing for a $1.6 billion urea plant in Basra, Iraq, set to produce 1.15 million tonnes annually. This project aims to reduce Iraq's dependence on urea imports, support the agricultural sector, and stimul...
KAR Electrical Power Production Trading FZE (KEPPT) has appointed J.P. Morgan to coordinate financing for its $1.6 billion urea plant in Basra, Iraq. The plant, expected to start construction in 2027 and operation by 2030, will produce 1.15 million t...
Several no-annual-fee credit cards stand out in July 2026 for offering valuable rewards and perks without yearly fees. Cards like Chase Freedom Unlimited®, Wells Fargo Active Cash®, and Bank of America® Customized Cash Rewards provide cash back rates...
