The transition into a new presidential administration heralds changes, with some gradual — and in other cases, sweeping — shifts in financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In today’s top news, Amazon is opening three new logistics hubs in Brazil, and U.S. business leaders are calling for a peaceful transition of power in the U.S. election in the name of economic recovery. Plus, Figure is seeking a national bank charter. Get the...
Chinese regulators capped a tough week for Ant Group by suggesting that they would regard Ant and other FinTechs Ant more banks, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Ant Group‘s stalled initial public offering (IPO) could cut the company’s valuation in half, with one report putting the firm’s value at just $140 billion. That’s a 50 percent drop from its pre-IPO value of $280 billion, and less than its value when Ant Group...
The European Union is hitting U.S. companies with tariffs on up to $4 billion worth of goods, according to a CNBC report on Monday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Red Dot Capital Partners has raised close to $200 million to invest in tech companies seeking to expand into Southeast Asia and Japan, Bloomberg reported Monday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
An international watchdog group is cautioning banks about the risks involved with outsourcing key technology. The Financial Stability Board (FSB) warned, in particular, “about the possibility of systemic risk arising from concentration in the provision of some outsourced” services to financial institutions (FIs). Get the...
By now, it’s apparent that the pandemic has left an indelible mark on retail. That’s not a judgment, it’s reality. No one wants to say that the consequences of COVID have been positive for business, because they have not. Change in business has its own...
VF Corporation and streetwear brand Supreme have inked a merger agreement, while Goode Partners and The Carlyle Group are selling their investments in the Supreme brand, according to a Monday (Nov. 9) announcement. Get the Full Story Complete the form to unlock this article and...
