Browsing: million

Key insight: Threat actors likely used “vishing” or voice phishing to compromise IT support at a third-party vendor, believed to be Salesforce. What’s at stake: While account…

Key insight: The neobank posted a Q4 net loss of $20.8 million, widening 16.2% from the previous year, despite hitting record operating income.What’s at stake: The…

By Paula Sambo (Bloomberg) — Vancity, one of Canada’s largest credit unions, and an Indigenous-owned private credit firm launched a $100 million partnership to finance housing…

Pictured here is Moonshot AI’s Kimi chatbot displayed on a smartphone.Bloomberg | Bloomberg | Getty ImagesBEIJING — An Alibaba-backed AI startup is currently being valued at $4.8…

Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC The investing…

Key insight: The attacker gained access to 700Credit’s system by first compromising a third-party partner’s system in July, and then launching the data scraping attack months…

Kraken is one of the world’s largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken confidentially filed to go public in the U.S., a person familiar…

Key insight: Two more regional banks disclosed credit losses related to the bankruptcy of First Brands, the U.S. auto parts maker that filed for bankruptcy amid…

First National Financial Corporation has completed an $800-million bond offering as it moves closer to its planned acquisition by private equity funds managed by Birch Hill…

Key insight: The bill would raise the deposit insurance limit for some business accounts to $10 million, halving the previous $20 million proposal. Forward look: The Independent…