Ant Financial

Chinese payment giant Alipay downplays U.S. ambitions


The firm wants to expand its acceptance in the United States only to accommodate Chinese tourists, a company official said Thursday. But the CEO of a U.S.-based payments firm expressed skepticism.


Wells closes pro-pot pol’s account; impact of crytocurrency crash


The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.


Cagney unruffled by revelations; FHFA head accused


The former SoFi CEO raises funds for his new venture despite recent admissions about dating employees; female employee says Mel Watt harassed her.


Wells CEO reassures investors; What’s Ant really worth?


Timothy Sloan says Federal Reserve sanctions won’t affect the bank’s stress test submission; not everyone believes the mobile-payment system is worth $100 billion.:


Wells mess continues; Equifax details stolen data


Bank makes errors in refund program; credit bureau now says tax IDs, email addresses and driver’s license were compromised in last year’s hack.


Citi’s $22 billion tax hit; CFPB to revisit payday lending rule


Write-down clears the decks for better times ahead; the agency’s acting head is looking to revamp strict rule that went into effect on Tuesday.


Ant, MoneyGram deal killed; Hatch to retire


The two payments companies failed to win U.S. government approval for their merger; the head of the Senate Finance Committee says he will leave when his term ends.


Ant's MoneyGram deal dies under Trump's regulatory posture


After a year of trying to appease U.S. regulators, Ant Financial and MoneyGram have terminated their merger agreement, challenging the Chinese company's strategy for global expansion.


Breaking Banks: 200 episodes of fintech


On the discussion table: Alipay, Jack Ma, blockchain, AI, building a true digital system, payments, financial inclusion.


Does MoneyGram sale to Chinese firm pose cyber, AML risks?


The Trump administration must weigh risks to national security in its review of the $1.2 billion deal. Its decision will shed light on whether — given the president’s “America First” rhetoric — Chinese investment is still welcome in the U.S. financial services sector.