A leader in London’s finance world has publicly expressed concern that British companies are vulnerable to being taken over by foreign entities taking advantage of both a weak British pound and general weakness in equity markets. Ross Mitchinson, co-chief executive of British brokerage and investment...
Bank, retail and restaurant enterprise technology provider NCR is splitting into two distinct publicly traded companies, with one focused exclusively on ATMs and the other targeting online commerce. The NCR Board of Directors unanimously approved the plan, which will be “structured in a tax-free manner”...
“Stay scared — but stay calm,” too. Ingo Money CEO Drew Edwards made the observation to PYMNTS’ Karen Webster that tech companies of all sizes and across all verticals — but especially in payments — face an uncertain operating environment that demands a startup’s mentality,...
Turkey has always been a bridge between continents, but while most of the country’s landmass is located on the Asian side of the continental divide, Turkish firms look more towards Europe for business opportunities, leveraging tariff-free trade deals inked with the European Union and the...
As companies navigate a world in which pandemic restrictions are being lifted, some are returning to in-person workplaces, while others are embracing hybrid or remote work models. Businesses continue to use a mix of in-person, virtual and hybrid events, and many are enhancing the experience...
Big financial firms, not native to youth-oriented social media like TikTok, are nonetheless making their ways in, Reuters wrote Thursday (May 12). “FinTok” influencers, not working for any company, have big audiences the companies want to tap into. The influencers include Mark Tilbury (@marktilbury, 7...
The largest investor in Europe’s largest bank is calling for a breakup. Ping An Insurance Group has held discussions with HSBC about spinning off its Asian business, Bloomberg reported Friday (April 29). Ping An said HSBC could create shareholder value by spinning off its operations...
Toshiba has put itself up for sale, bowing to pressure from shareholders, including those who want to take the company private, The Wall Street Journal (WSJ) reported Thursday (April 21). Last month, U.S. private-equity firm Bain Capital said it was examining a possible bid for...
When your personal fortune hovers around a quarter-trillion dollars, you can afford some mighty high dudgeon. Three days after allegedly declining the seat he was initially offered on Twitter’s board following his purchase of 9.1% of the social media company’s stock, Tesla and SpaceX CEO...
