Tag: Amazon

Activity, Capital and Risk, Corporate Banking, Credit

SellersFi, Amazon team up to offer up to $10M in credit lines

January 31, 2024

Via: Banking Dive

SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday. CEO and co-founder Ricardo Pero said the credit lines are targeting […]

Capital and Risk, Insurance

Amazon Pulls Plug on UK Home Insurance Venture

January 25, 2024

Via: Insurance Journal

Amazon has pulled the plug on its UK home insurance venture – a comparison website – after launching in October 2022. “Over the last year, we have been evaluating various businesses and programs, and as a part of that we’ve […]


New FTC Court Filing: Amazon Made $1B Through Secret Price Algorithm

November 3, 2023

Via: Insurance Journal used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court […]


Convenience chain adds Amazon palm pay

May 11, 2023

Via: Payments Dive

As more companies boost customer convenience by adding self-checkout or allowing mobile pay, Amazon One takes it further by allowing customers to buy their items without taking out a wallet or phone. Users can complete most of their sign-up ahead […]


Settlement in Amazon-Visa dispute may be near

January 18, 2022

Via: Payments Dive

Amazon backed off a threat to stop accepting Visa credit cards that originate in the U.K., easing tensions that had mounted last year as the e-commerce giant protested the card network’s fees around the world. Based on statements from Amazon […]


Bank groups spell out payments industry concerns

December 8, 2021

Via: Payments Dive

The Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American […]

Activity, Retail Banking

Will the Amazon-Visa dispute spill over to other credit card companies?

November 30, 2021

Via: Payments Dive

The spat between retail juggernaut Amazon and card giant Visa over credit card fees levied in the U.K. may have ramifications for rival credit card companies such as Mastercard, American Express, and Discover, according to analysts. At issue in the […]

Activity, Channels, Corporate Banking

AmEx, Synchrony bid to wrest Amazon card portfolio from JPMorgan Chase

June 9, 2021

Via: Banking Dive

American Express and Synchrony are among the bidders looking to replace JPMorgan Chase as the issuer of Amazon’s co-branded credit card, Bloomberg and Reuters reported Tuesday. JPMorgan could get a 15% premium on top of the balance — which is […]

Capital and Risk, Trading

Stocks making the biggest moves midday: Twitter, Amazon, Skyworks & more

April 30, 2021


Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The […]

Activity, Trading

Stocks making the biggest moves in the premarket: Spotify, Boston Scientific, Alphabet & more

February 3, 2021


Spotify (SPOT) – The music streaming service reported a wider-than-expected quarterly loss, although its revenue did beat analyst forecasts. The number of premium subscribers jumped by 24% to a better-than-expected 155 million. The stock fell 7% in premarket trading as […]

Activity, Trading

Stocks making the biggest moves in the premarket: Exxon, Chevron, Clorox, Honeywell & more

May 1, 2020


Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending […]

Capital and Risk, Credit

Goldman Sachs to offer SME loans on Amazon’s lending platform

February 4, 2020

Via: Banking Technology

Sources also say the talks and eventual deal close will likely involve attaching Goldman’s brand to Amazon’s lending product in some way. The global marketplace has lent to its small business merchants for the last eight years through ‘Amazon Lending’, […]


JPMorgan has a plan to help Amazon and Airbnb look more like banks

November 6, 2019

Via: Bank Innovation

The bank has spent the last year developing an e-wallet tailored for companies such as Airbnb, Lyft Inc. and Inc. that it says could help online marketplaces and companies in the gig economy defend against getting cut out of […]

Capital and Risk, Liquidity

Credit Suisse cuts Amazon estimates a day before earnings report, citing one-day shipping costs

July 24, 2019


A day before Amazon’s second-quarter earnings release, Credit Suisse lowered its earnings estimate because of the e-commerce giant’s roll-out of one-day prime. The firm lowered Amazon’s full-year 2019 earnings per share estimate to $38.87 from the previous estimate of $41.14, […]

Activity, Trading

Stocks making the biggest moves premarket: Bank of America, United Airlines, Amazon, CSX & more

July 17, 2019


Bank of America – The bank reported quarterly profit of 74 cents per share, beating consensus by 3 cents a share. Revenue was just above forecasts, with the bank’s results helped in part by stronger retail banking performance. Net interest […]

Capital and Risk, Credit, Retail Banking

Amazon’s newest credit card could be a double-edged sword for people with bad credit

June 10, 2019

Via: Market Watch

Amazon’s newest credit card is designed to appeal to consumers who are looking to improve their credit score. It comes with an unusual structure — and some major caveats. The Amazon Credit Builder card AMZN, +3.38% will function as a […]

Retail Banking

Two-thirds of Amazon Prime members would try banking with the retailer, according to Bain study

September 18, 2018


Banks, you’ve been warned. About two-thirds of Amazon Prime members would try a free online bank account from the e-commerce giant, according to a report from consultant Bain & Co. That’s considerably higher than the percentage of regular Amazon customers […]


Trump Attacks Amazon: ‘They Pay Little or No Taxes to State & Local Governments’

March 29, 2018


President Donald Trump on Thursday lashed out at online retail giant Amazon, complaining that they are putting thousands of retailers out of business and pay “little or no” state and local taxes. “I have stated my concerns with Amazon long […]

Retail Banking

Bank of Amazon could woo 70 million US customers within five years

March 9, 2018

Via: Finextra

Bain and Co, estimates that a banking service from Amazon could swell to more than 70 million US customer accounts within five years, equalling the size of the country’s third largest bank, Wells Fargo. The analysis by the firm’s banking […]

Activity, Investment Banking

Investors have a new favorite sector as tech is dethroned

March 5, 2018


Move over, tech. Wall Street has a new favorite sector, according to fund holdings data compiled by Bank of America Merrill Lynch: consumer discretionary. The sector overtook tech as the most crowded last month, the data shows. Funds increased their […]