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International Business Times UK
International Business Times UK
Jomar Teves

Fiserv Stock Crashes 44% With CEO Exit, $30 Billion Wiped Out

Fiserv FIS Mike Lyons William Blair fintech GLOBAL PAYMENTS
Fiserv staff pictured at an international fintech event showcasing the company’s latest digital payment innovations (Fiserv) (Credit: https://www.facebook.com/photo.php?fbid=1142942307878085&set=pb.100064869782451.-2207520000&type=3)

Fiserv's shares plummeted 44 per cent on Wednesday, wiping out over £24 billion ($30 Billion) in market value after the fintech giant cut its growth outlook and revealed a sharp slowdown in its payment business.

The collapse, one of the steepest in the company's history, followed disappointing quarterly earnings and deepening investor concerns about leadership changes and legal troubles surrounding its Clover platform.

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