Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of customers. While national deposit schemes cover bank deposits up to 100,000 euros, that protection does not cover branches of banks from not in...
Ola Electric Mobility, which is backed by Indian ride-hailing company Ola, announced that it has raised 4 billion rupees ($56.4 million) in its first funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
All Deborah Copaken really wanted was a warm coat. 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 form,...
Wells Fargo has reached a $240 million settlement with U.S. shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. According to Reuters, the settlement by the bank’s executives and directors was filed on Thursday (Feb. 28) with the federal court...
Ant Financial has led a $500 million investment in startup Danke Apartments, a Beijing-based co-living group. 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...
Russia’s trade associations have accused Visa and Mastercard of abuse of market power in the country. 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...
Online marketplace eBay has agreed to review its StubHub and eBay Classifieds businesses, as well as appoint two new directors to its board, to avoid a proxy fight with activist investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Amid Amazon’s efforts to grow its reach in the food space, the eCommerce retailer is reportedly looking to launch grocery stores in multiple big U.S. cities. The company is reportedly aiming to open a location in Los Angeles as soon as the close of 2019,...
Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will stop offering that payment option beginning April 3. Get the Full Story Complete the form to unlock this article and...
