Philip van Doorn. To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn. To submit a news tip, send an email to: firstname.lastname@example.org.
Visa's shares are down despite a strong fourth quarter earnings report, but there are still plenty of reasons for investors to stick with the market-leading card processor.
The New York Times is buying Wirecutter for $30 million, while U.S. banks roll out Zelle, a money-transfer platform.
Return on tangible equity is a key profitability measure for U.S. banks, and Citigroup is nowhere close to meeting the 10% threshold that CLSA analyst Mike Mayo says investors demand.