According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting fraud at South African retailer Steinhoff. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. In a Friday (March 15) letter to the committee, addressed to...
Weaker-than-expected holiday spending has led to concerns that it’s the start of a retail slowdown, leading Wall Street to slash profit estimates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Lyft is set to launch the investor road show for its initial public offering on Monday (March 18) in which it’s aiming to get a valuation of between $21 billion and $23 billion. Get the Full Story Complete the form to unlock this article and...
Is there a right way and wrong way to innovate? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Latin America’s largest lender, the Inter-American Development Bank (IADB), voted on Friday (March 15) to replace President Nicolas Maduro’s representative with that of opposition leader Juan Guaido, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
A judge has ruled that Rent-A-Center will not have to complete a $1.37 billion merger by Vintage Capital Management, and that the furniture retailer acted properly when it canceled the deal based on a technicality. Bloomberg reported the issue remains of who will pay a...
As BBVA Executive Chairman Carlos Torres seeks to ease the concerns of retail investors, the company official said it could take months to complete an inquiry into alleged spying involving the bank. Torres also said the bank would cooperate with judicial officials, while he thanked Francisco...
In 1995 a computer scientist working at Kaleida Labs named John Wainwright made history when he bought a book. The book was Douglas Hofstadter’s “Fluid Concepts And Creative Analogies: Computer Models Of The Fundamental Mechanisms Of Thought,” which on its own would not have been historically...
