Groupon, the daily deal website operator, reported third-quarter earnings that showed an uptick in users in the three-month period ending in September. In a press release announcing the results on Wednesday (Nov. 1), the company said it reached 32.5 million active customers in North America...
More bad news for Wells Fargo: The financial institution has fired four foreign exchange (Forex) bankers following an investigation into that business by both the bank and regulators. According to The Wall Street Journal, the reason for their terminations has not been released. Sources said...
The U.K.’s new payment system operator, which involves the consolidation of three payment schemes, announced news on Wednesday (Sept. 27) that it has named Paul Horlock as its first chief executive officer. A press release detailed that Horlock has worked in the banking sector for more than...
Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. The Wall Street Journal reported that the joint venture, which has operated in conjunction with First Data Corp. since...
Equifax, the embattled credit scoring firm reeling from a data breach that may have impacted as many as 143 million U.S. consumers, announced news on Tuesday (Sept. 26) that Richard Smith will retire as chairman of the board and CEO of the company. In a...
Social Finance’s top technology executive, June Ou, has decided to leave the company, making her the fourth senior SoFi executive to leave the firm in recent months. A news report in The Wall Street Journal said that Ou, who is the wife of former Chief...
In Uber news this week, sources have revealed that Benchmark, Uber’s biggest investor, wants Meg Whitman to be the ridesharing company’s new CEO. Whitman is currently the CEO of Hewlett Packard Enterprise. And while she had publicly denied she wanted the job on July 27...
On the heels of its recent IPO, meal kit food delivery service Blue Apron is implementing a hiring freeze in select departments and has issued layoff notices to 14 of its recruiters, according to news from TechCrunch. The company is also shuttering its existing New Jersey plant and shifting...
Macy’s has tapped Hal Lawton to serve as its next president, succeeding Jeff Gennette, who is now the retailer’s CEO. Lawton comes to Macy’s from eBay, where he held the role of senior vice president. He will officially join Macy’s on Sept. 8. While at eBay,...
