News

Security & Fraud
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
May 13, 2019

Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

IPO
Finablr Struggles To Find Investor Interest For IPO
May 13, 2019

Finablr is having a hard time finding investors for its upcoming London initial public offering (IPO). 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...

Regulation
SEC Approves New Silicon Valley Stock Exchange
May 12, 2019

The U.S. Securities and Exchange Commission (SEC) has approved the creation of the Long-Term Stock Exchange (LTSE). 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...

IPO
WeWork Heads Toward IPO With $47B Valuation
May 12, 2019

WeWork is now worth $47 billion as it gears up to go public in what could be the largest IPO of this year. WeWork is heading to the public markets at the same time as the high-profile IPOs of Uber and Lyft had appeared to...

Security & Fraud
US Crypto Investor Awarded $75M In Fraud Suit
May 12, 2019

Michael Terpin, an entrepreneur based in the U.S. and an investor in cryptocurrency, won $75.8 million in a court judgment over a scheme to defraud him of digital tokens. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
China’s BAIC Aims To Acquire 5 Pct. Of Daimler
May 12, 2019

BAIC Group, the Chinese automotive company, wants to buy 5 percent of Daimler, reported Reuters. 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,...

Ridesharing
Uber, Lyft Struggle To Keep Drivers On Board
May 12, 2019

With Uber and Lyft now publicly traded companies, the two are facing pressure from investors to grow at a fast clip, which means hiring and retaining more drivers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Jumia’s Shares Slide On Fraud Claims By Short Seller
May 10, 2019

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher...

International
Walmart Pivots On Brazil eCommerce Strategy
May 10, 2019

Walmart Brasil has announced it will shutter its eCommerce division in Brazil and focus on physical stores, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...