Don’t buy what Zuckerberg’s selling on Libra


Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week.


Huntington names Visa executive as its new chief financial officer


Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year.


PayPal exit from Facebook project shows power of D.C.’s disapproval


The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.


What it means for Facebook's Libra to lose PayPal


Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.


Does it really matter where Wells Fargo’s CEO is based?


Incoming CEO Charles Scharf will remain in New York even though the bank's headquarters is in San Francisco. His hiring underscores the diminished importance of geographical proximity for executives at large banks.


No shortage of challenges facing Wells Fargo’s new CEO


Charlie Scharf’s most immediate priorities will be mending fences with regulators and getting the bank out from under a Fed-imposed asset cap. But he also must come up with strategies for spurring revenue growth and reining in expenses.


What Charles Scharf’s Visa years say about his plan for payments at Wells


In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo.


Real-time payments: Are we halfway there?


The promise of real-time payments and the reality of the market are often at odds. That’s not a bad thing — it’s a sign there are pockets of demand that weren’t originally foreseen.


O'Rourke urges credit card lenders to stop backing gun sales


The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."


Visa market value surpasses JPMorgan, banks that used to own it


The biggest U.S. banks used to own Visa. Now if only they could keep up with it.