News

Banking
Dimon Criticizes Wells For ‘Irresponsible’ Succession Plan
May 28, 2019

The CEO of JPMorgan, Jamie Dimon, said Wells Fargo was “irresponsible” for not having a succession plan in place before announcing CEO Tim Sloan’s departure, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Delivery
Chinese Startup Neolix Starts Making Driverless Delivery Vans
May 28, 2019

Neolix, a Chinese startup, has begun mass producing small driverless delivery vans, with customers like JD.Com and Huawei already signed on as clients, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Indictment Names Major Banks In Cum-Ex Case
May 28, 2019

A German investigation of Cum-Ex tax deals involves as much as 447.5 million euros ($500 million) lost to the government centers around two London bankers and major banks like Merrill Lynch, Société Générale, Deutsche Bank, M.M. Warburg and others, according to a report by Bloomberg....

Regulation
Spain’s Central Bank Calls For Deposit Insurance Scheme
May 28, 2019

The Bank of Spain wants eurozone countries to complete their banking alliance by creating a deposit insurance scheme and a stabilization fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Startup Funding Automator SeedLegals Raises $4M
May 28, 2019

SeedLegals, a startup that automates the funding round process for other startups, including getting rid of middlemen and saving lawyer costs, has raised $4 million in a Series A funding round, according to a report by TechCrunch. Get the Full Story Complete the form to...

Regulation
A Year Into GDPR, Fines Total €56M
May 28, 2019

A year after the debut of Europe’s General Data Protection Regulation (GDPR), a total of €56 million ($62 million) in fines have been doled out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Partnerships / Acquisitions
TSYS And Global Payments: The Details Of The $21B Deal
May 28, 2019

For Total System Services (TSYS) and Global Payments, it’s official. 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...

eCommerce
Flipkart, Amazon Not Expected To Help With India’s Antitrust Inquiry
May 28, 2019

The Competition Commission of India isn’t likely to get assistance from Walmart and Amazon as it tries to determine the impact eCommerce is having in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Chinese Travelers Stop Coming To US
May 28, 2019

Chinese tourism in the U.S. declined at a fast clip last year, ending what had been years of growth. 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...