Finance

Patent Drop

Mastercard Blockchain Patent Could Make Financial Audits Easier

Photo via U.S. Patent and Trademark Office

Mastercard might use blockchain to straighten out transaction records.

2 min read

Image Credit: iStock, BalkansCat

M&A

EY Delays New Hires’ Start Dates Due to Lackluster Deal Environment

EY informed around 200 recent graduates hired for its Parthenon advisory division that their start dates have been postponed until mid-2025.

1 min read
Photo by Mike Mozart via CC BY 2.0

Banking

TD Bank Accepts Cap on US Growth, $3 Billion in Penalties After Failing to Monitor Money Laundering

TD Bank pleaded guilty Thursday to conspiracy to commit money laundering for criminal groups, including global drug cartels.

2 min read
Photo by Myron Mott via Unsplash

Advisor Upside

How Clients Can Invest in NFL Teams

As the NFL opens up investments from private equity firms, new funds may help clients invest in their favorite teams.

2 min read

Patent Drop

JPMorgan Patent Could Add Guardrails to AI in Banking

Photo via U.S. Patent and Trademark Office

Given that AI systems can’t always be totally accurate, observing when they make mistakes could mitigate a lot of harm.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photo via Vanguard

Markets

Weathering the Storm: A Q&A with Vanguard on Market Volatility

The last four years have been head-spinning. Dan Newhall, Vanguard’s head of portfolio solutions, talked us through the volatility.

5 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Wells Fargo Cloud Patent Could Fight Data Security Risks

Wells Fargo’s recent patent wants to make sure you can trust the cloud.

2 min read
Photo by Vxla via CC BY 2.0

Banking

JPMorgan to Open Nearly 100 Chase Branches in Low-Income Neighborhoods

JPMorgan Chase announced it will open nearly 100 brick-and-mortar locations in low-income inner-city and small-town American communities.

2 min read

Finance

Mastercard Buys Startup That Will Help You Manage Pesky Subscriptions

Photo via Connor Lin / The Daily Upside

Mastercard is acquiring Minna Technologies, which specializes in letting bank and card customers manage (and cancel) subscription services.

1 min read

Photo via Connor Lin / The Daily Upside

Advisor Upside

Creative Planning Sells Minority Stake to TPG

TPG acquired a minority stake in one of America’s largest independent wealth managers, which could put the advisor’s valuation at $15 billion.

1 min read
Photo by Håkan Dahlström via CC BY 2.0

Finance

Citigroup and Apollo Strike $25 Billion Partnership in White-Hot Private Credit Market

Citigroup and asset management giant Apollo Global announced an alliance to source $25 billion worth of deals in the next half-decade.

1 min read
Photo of Mastercard’s Trustless Transaction Patent via the U.S. Patent and Trademark Office

Patent Drop

Mastercard Continues Crypto Crusade with Seamless Transaction Patents

Mastercard’s interest in this tech could help legitimize crypto in the broader scheme of traditional finance.

2 min read

M&A

Blackstone and Vista to Take Workplace Software-Maker Smartsheet Private for $8.4 Billion

Photo via Smartsheet

Blackstone partnered with fellow buyout expert Vista Equity Partners to take workplace software company Smartsheet private for $8.4 billion.

2 min read

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