Europe’s Financial Stability Board (FSB) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Synapse, the startup that enables bank and FinTechs to create digital financial services, raised $33 million in venture funding. 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...
Luxury fashion brands like Christian Dior, Louis Vuitton and Gucci are upping their social media game, especially on Instagram, and pouring real money into efforts to court young shoppers, according to a report by Reuters. Get the Full Story Complete the form to unlock this...
A ban on purchasing telecom equipment from Chinese companies including Huawei would add $62 billion to the expenses associated with Europe’s rollout of 5G networks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Depop, the U.K. startup that operates an app where individuals sell items on social feeds, has raised $62 million in venture funding. According to a report, the Series C round was led by General Atlantic. Additional investors included HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus...
Gucci designer brand owner Kering is getting serious about tightening its control of its eCommerce sales, and about making sure more of its sales are coming in through its own branded sites, instead of through third-party retailers. Kering, according to reports, is seeking to gain...
While getting out into nature is highly recommended as a way to boost one’s physical health and mental state, it can be an expensive hobby. For simple, short hikes in temperate weather, of course, all one needs is a light jacket and a reasonably comfortable pair...
Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers are a force of nature as well when it comes to retail. Get the Full Story Complete the form to...
After struggling for a decade in the era of Amazon ascendance, Barnes & Noble will be going private, care of a private equity firm, Elliott Management, that is buying it for $683 million. Barnes & Noble stock surged 30 percent on the news, and popped up...
