Bloomberg Visa Inc grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants. Now, it’s making a major bet on doing the same for data between banks and financial startups. Visa agreed to pay $5.3 billion for Plaid, a fintech firm that connects popular apps like Venmo to customers’ ...

Bloomberg Danske Bank A/S is offering 2,000 of its employees in Denmark a sweetened package to step down as the cost of adapting to a world with stricter regulations and negative interest rates just keeps growing. Staff have until the end of January to decide, according to an emailed comment sent by the bank. Denmark’s bankers’ union said Danske is ...

Bloomberg The Federal Reserve can “sit back” and allow the economy to keep growing because there are no signs of overheating, said Federal Reserve Bank of Atlanta President Raphael Bostic. “The economy is doing fine,” he told the Rotary Club of Atlanta. “There is not a lot that we have to do to stimulate or slow down. We’re not seeing ...