The road to public market riches is a rocky one, sometimes, as evidenced by one recent IPO, that of Yirendai, which is a Chinese P2P lender that is CreditEase’s consumer finance arm. The stock traded nearly 17 percent intraday below the offer price, which indicates...
As Citigroup CEO Michael Corbat continues to restructure several of the bank’s businesses, nearly 2,000 employees will face layoffs starting next month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
After nearly a decade of waiting (or three for diehards that don’t count the prequels), fans are flocking to theaters to watch a new Star Wars movie. With millions of tickets sold months in advance for “The Force Awakens’” opening weekend, it’s a fair bet...
Despite appearances earlier this week that Apple had lost out on bringing Apple Pay to China — with UnionPay’s announcement that it had selected British firm Powa to help it construct and launch its mobile payments platform — it seems appearances can be highly deceiving. Get the...
Mobile-only banking startup NUMBER26 announced Thursday (Dec. 17) the launch of a new addition to its contactless payment card offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The movement to fund FinTech is gathering steam, at least on Wall Street, where traditional, and traditionally rather buttoned-up, banks are joining the party. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
International money transfer platform Pangea launched its new debit-to-debit transfer product yesterday (Dec. 17). 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...
Almost no one in the world is familiar with the name Cornelius McGillicuddy, and only the most avid baseball fans would know him better by his nickname, Connie Mack. Mack, FYI, was a baseball player in the early days of the professional game in the...
Most corporations throw extravagant holiday parties no matter how their recent quarters have gone, but recently, only a select few related to retail have had actual cause to rock around the Christmas tree. Get the Full Story Complete the form to unlock this article and...
