Today In Payments: China’s Ant IPO Suspension Likely Came From The Top; LendingClub Q3 Loan Volume Snaps Back
Today In Payments: China’s Ant IPO Suspension Likely Came From The Top; LendingClub Q3 Loan...
November 05, 2020  |  News

In today’s top news, China’s suspension of Ant Group’s IPO likely came from top officials, and LendingClub’s third-quarter earnings boasted an impressive rebound. Plus, Uber...

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UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
November 05, 2020  |  Security & Fraud

The United Kingdom’s version of the Paycheck Protection Program is also getting hit up by fraudsters, though British bankers appear to be a step ahead...

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Commerzbank Warns Of Pandemic-Related Bankruptcies In 2021
Commerzbank Warns Of Pandemic-Related Bankruptcies In 2021
November 05, 2020  |  Banking

Commerzbank, Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global...

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Facebook’s WhatsApp to Expand Indian Payments Service After NPCI Approval
Facebook’s WhatsApp to Expand Indian Payments Service After NPCI Approval
November 05, 2020  |  Payment Methods

WhatsApp has won a green light to expand its payments service in India after a two-year pilot program by the Facebook-owned service. Get the Full...

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Melding Digital With Physical Rescues In-Store Retailing
Melding Digital With Physical Rescues In-Store Retailing
November 05, 2020  |  Retail

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. And as compelling as the current eCommerce expansion is,...

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Grocery Round-Up: Ahold Delhaize Surges, Whole Foods Struggles With Labor Woes
Grocery Round-Up: Ahold Delhaize Surges, Whole Foods Struggles With Labor Woes
November 05, 2020  |  Retail

No matter how one voted in this week’s U.S. presidential election, the inescapable fact is that we all have to eat – which means the...

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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition
US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition
November 05, 2020  |  ANTITRUST

The U.S. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3 billion acquisition of Plaid, arguing that the deal would...

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ByteDance Valuation To Hit $180B As TikTok Owner Eyes IPO For Douyin
ByteDance Valuation To Hit $180B As TikTok Owner Eyes IPO For Douyin
November 05, 2020  |  International

TikTok owner ByteDance could see its valuation jump to a stunning $180 billion as it seeks another round of investor cash as part of an...

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Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
Saudi Arabia’s Sovereign Wealth Fund Puts $1.3B Into Reliance Retail
November 05, 2020  |  International

The Public Investment Fund of Saudi Arabia plans to invest about $1.3 billion for an equity stake of about 2 percent in India’s Reliance Retail...

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