Zaggle Looks to Raise Up to $250M Through IPO
Zaggle Looks to Raise Up to $250M Through IPO
January 14, 2022  |  IPO

Software as a service (SaaS) FinTech Zaggle has begun preparations to go public at some point in 2022, multiple sources with knowledge of the situation...

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After Closing Citibanamex, Citi Will Invest in Firms That Match Its ‘Core Strengths’
After Closing Citibanamex, Citi Will Invest in Firms That Match Its ‘Core Strengths’
January 14, 2022  |  Earnings

Citigroup is making changes to its business structure, the bank said on its earnings call Friday (Jan. 14), part of a larger strategy to get...

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Afreximbank’s Payment System Goes Live With 12 African Banks
Afreximbank’s Payment System Goes Live With 12 African Banks
January 14, 2022  |  Cross-border Payments

A new system went live with 12 banks in Africa to enable payment transactions and alleviate trade issues across the continent, which deals in more...

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Restaurant Roundup: Brands Turn to Off-Premise Formats to Boost Profit Margins
Restaurant Roundup: Brands Turn to Off-Premise Formats to Boost Profit Margins
January 14, 2022  |  Restaurant innovation

As restaurants look to boost their digital sales in 2022, some major brands are developing new restaurant formats with a focus on off-premise sales. For...

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Wells Fargo Sees Consumer and Commercial Loan Growth in the Second Half of 2021
Wells Fargo Sees Consumer and Commercial Loan Growth in the Second Half of 2021
January 14, 2022  |  Earnings

In what could be considered a sign of economic recovery, Wells Fargo reported Friday (Jan. 14) that the demand for both consumer and commercial loans...

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Wells Fargo Tops Forecasts with $5.8B Q4 Profits
Wells Fargo Tops Forecasts with $5.8B Q4 Profits
January 14, 2022  |  Earnings

Wells Fargo posted fourth-quarter net income of $5.8 billion on Friday (Jan. 14), an 86% increase over last year’s $3.09 billion, according to the bank’s...

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Akulaku Considers Going Public Through SPAC at $2B
Akulaku Considers Going Public Through SPAC at $2B
January 14, 2022  |  SPAC

Indonesian online lender Akulaku Inc. is mulling going public in the U.S. through a merger with a blank-check company that would value the company at...

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China Is Building Its Own NFT Behind the Great Firewall
China Is Building Its Own NFT Behind the Great Firewall
January 14, 2022  |  Blockchain

Nonfungible tokens (NFTs) are so hot, China can’t ignore them anymore. So, it’s building a more controllable platform for digital collectables. And only the digital...

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Report: Federal Financial Regulators Should Ensure Protection of Personal Data
Report: Federal Financial Regulators Should Ensure Protection of Personal Data
January 14, 2022  |  Regulation

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as...

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