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Banking and Financial Institutions

The ‘Neo-Banks’ Are Finally Having Their Moment

SAN FRANCISCO — After the financial crisis 10 years ago, unhappy customers were expected to flee the megabanks for smaller competitors. It didn’t happen. And the big banks became even more entrenched. Now another wave of alternative banks are at it again, and they say they’ve learned from the mistakes …

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Google Is Said to Be Shopping for More Real Estate in New York

SAN FRANCISCO — Amazon may not be the only technology giant considering a big expansion in New York. Google is in discussions to move into a planned 1.3 million square foot office complex at the St. John’s Terminal building on Manhattan’s West Side, according to a person with knowledge of …

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Uber and Lyft Charge Toward Potential I.P.O.s Next Year

Uber and Lyft have for years battled for customers in the fast-growing ride-hailing business. Now the bitter rivals may fight for investors in their initial public offerings. Uber has received proposals from the investment banks Morgan Stanley and Goldman Sachs that say the technology giant could be worth as much …

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U.S. Credit Card Giants Flout India’s New Law on Personal Data

Amazon, which operates an India-only payments service that uses elements of its global technology platform, said in a statement: “Compliance with local laws and regulation is a top priority for us in all the countries we operate in. We continue to work closely with the regulator towards this.” The R.B.I., …

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