HSBC U.K. has reportedly frozen some small business (SMB) bank accounts, according to news reports from 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...
Small business lending in the U.K. took a major downturn in July, according to new figures, with financing dropping by $900 million in a single month. According to the Federation of Small Businesses’ Head Mike Cherry, the trend is both a reflection of declining demand...
Klarna, the online payments firm based in Sweden, and one of the unicorns that came of age with a more than $1-billion valuation, posted results Friday detailing growth for the first half of the year. Get the Full Story Complete the form to unlock this...
Faced with calls to break up the eCommerce and Pay TV company and sell its stake in Tecent, the chairman of South Africa’s Naspers said that idea doesn’t take into account the long term. Get the Full Story Complete the form to unlock this article...
Uber Technologies may have been mulling General Electric Chairman Jeff Immelt as its new CEO, but it seems Expedia chief Dara Khosrowshahi will be Uber’s new CEO instead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
New cyber-rules are taking effect in New York state, with wide-ranging impact for financial services players near and far. Brexit gets down to business on data protection, and Down Under, underworld activities are raking in the (digital) dollars.
New York City will have nine crossings void of tollbooths and tellers, relying solely on sensors and cameras to charge drivers, the majority of which have E-ZPass transponders. The accomplishment is seen as the first step in moving toward congestion pricing, something the mayor of...
Open APIs are finally making their mark in the financial services space, shifting the approach to everything from product development to security. Some of the most acutely felt disruptions are in corporate banking, a space that traditionally lags behind consumer financial services in terms of...
Samsung Electronics vice chairman Jay Y. Lee is looking to appeal the five-year jail term he was recently given for bribery and other charges. Lee was sentenced to five years last Friday. Get the Full Story Complete the form to unlock this article and enjoy...
