Stripe to Offer Banking Services in Deal With Goldman Sachs, Citigroup

The payment processor for online businesses is set to give its customers the option of offering bank accounts, debit cards and other cash-management services to their own merchants and vendors. 


 
Bling Capital Closes Second Fund, Adding to Venture's Banner Year

Bling Capital Fund II LP will target sectors including consumer, financial technology and data-software startups, said Bling General Partner Ben Ling. 


 
Capital One CFO to Leave for Health-Insurance Startup

Capital One on Thursday said Chief Financial Officer R. Scott Blackley resigned, effective March 1. He will take up his new post as the CFO of Oscar on March 16, the insurance provider said. 


 
Buyout Firm Thomas H. Lee Partners Refinances Investment in Hightower

Thomas H. Lee Partners has bought itself more time to manage an investment in wealth-advisory firm Hightower Advisors LLC through a secondary transaction with investors that include Goldman Sachs Group Inc. 


 
Treasury Volatility Boosts Tradeweb

Sharp moves in Treasury bonds whipsawed investors recently, but the volatility has made a winner out of Tradeweb, a large electronic marketplace for U.S. government debt. 


 
The Market Should Worry About 2022, Not 2021

Amid a wave of optimism in financial markets, investors can relax about the expected profit rebound in 2021. They might worry more about 2022. 


 
Canadian Banks, Led by TD and RBC, Get Boost From Stimulus

Canada's government has opened its fiscal spigot in an effort to prop up an economy reeling from the coronavirus pandemic, and Canadian banks have been among the biggest beneficiaries, allowing them to avoid major loan losses and boost deposits. 


 
Many Companies Turn 401(k) Matches Back On

More companies that cut the contributions they made to employees' 401(k) retirement plans earlier this year are reversing course as their businesses rebound and a Covid-19 vaccine is on the horizon. 


 
Airline Cards Lose Luster as Coronavirus Persists

People don't need flight upgrades, airport lounges and other perks of airline cards in a pandemic. Airlines and banks are scrambling to keep the cards at the top of customers' wallets. 


 
November Bankruptcies Hit 14-Year Low

While corporate bankruptcy filings ticked up for the month, personal filings declined as the government's ban on home evictions and other assistance offered some protection to individuals.

(END) Dow Jones Newswires

12-04-20 0015ET