Tag: Financial Results
US neobank Dave achieves profitability over Q4 2023
Dave Neobank Achieves First Quarterly Profit:Profitability Milestone:Los Angeles-based neobank Dave has achieved its first quarterly profit in Q4 2023, almost eight years...
New York Community Bancorp secures $1bn equity boost following Q4 2023 losses
New York Community Bancorp (NYCB) Raises $1.05 Billion:Equity Capital Raise:NYCB, the parent company of Flagstar Bank, is set to secure $1.05 billion...
Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive
Deutsche Bank plans to cut approximately 3,500 jobs over the next two years as part of its €2.5 billion operational efficiency program.
The...
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational teams.
Block CEO Jack Dorsey...
Citigroup to cut 20,000 jobs over two years after Q4 downturn
Citigroup Job Cuts: Citigroup plans to cut around 20,000 jobs by 2026.
Q4 2023 Performance: In the fourth quarter of 2023, Citigroup reported...
UK fintech funding fell 63% in 2023, new Tracxn report finds
Funding Decline: Fintech funding in the UK experienced a significant decline for the second consecutive year, dropping by 63% in 2023. The total...