Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
Appeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
May 15, 2019  |  Security & Fraud

The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according to a report...

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Digital Delivers An Earnings Beat For Macy’s
Digital Delivers An Earnings Beat For Macy’s
May 15, 2019  |  Earnings

Today’s news is something of a departure from the more mournful tone of Macy’s Q4 earnings release, when a holiday shopping season that was forecast...

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Whole Foods And Instacart Officially Call It Quits
Whole Foods And Instacart Officially Call It Quits
May 15, 2019  |  Delivery

In a move that’s been anticipated since 2017 when Amazon acquired Whole Foods, the grocer and delivery firm Instacart have parted ways, according to a...

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OCC Will Vet Wells Fargo’s Next CEO
OCC Will Vet Wells Fargo’s Next CEO
May 15, 2019  |  Regulation

The U.S. Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo...

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Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet
Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet
May 15, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Wegagen Bank’s tie-up with WorldRemit for a digital money transfer...

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Microsoft Says Computer Bug Could Be Exploited By Malware
Microsoft Says Computer Bug Could Be Exploited By Malware
May 15, 2019  |  Security & Fraud

Microsoft has warned that a patched computer bug affecting some of the older versions of Windows could be used as a weapon in the vein...

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The Vicious Cycle Of Trade Credits
The Vicious Cycle Of Trade Credits
May 15, 2019  |  SMBs

The rise of the gig economy exposed an issue that had plagued freelancers for ages: past-due invoices and cash flow. PYMNTS’ Gig Economy Index found...

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HKMA, BOT Team On FinTech Initiatives
HKMA, BOT Team On FinTech Initiatives
May 15, 2019  |  Partnerships / Acquisitions

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate...

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Tencent Net Income Rises Despite Slow Sales, Economy In China
Tencent Net Income Rises Despite Slow Sales, Economy In China
May 15, 2019  |  Earnings

Tencent, China’s popular online and entertainment company, saw its slowest sales growth since it went public in 2004, as it battled a sputtering economy and...

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