News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Goldman Sachs Employees’ Second Job: Venture Capitalists

Goldman Sachs Employees’ Second Job: Venture Capitalists
Goldman Sachs Employees’ Second Job: Venture Capitalists
June 18, 2018  |  Investments

The bankers at Goldman Sachs have been moonlighting as venture capitalists, investing in many startups that eventually became household names and overseeing a portfolio worth...

READ MORE >
White House To Nominate Budget Official As New Head Of CFPB
White House To Nominate Budget Official As New Head Of CFPB
June 18, 2018  |  Personnel

In an effort to roll back more oversight powers of the Consumer Financial Protection Bureau (CFPB), the White House is nominating a budget official to...

READ MORE >
Liberty CEO: Customers Untouched By Recent Cyberattack
Liberty CEO: Customers Untouched By Recent Cyberattack
June 18, 2018  |  Safety and Security

Liberty Holdings’ CEO said its customers have not suffered any financial losses so far after the company was hit with a cyberattack over the weekend....

READ MORE >
Crypto-Backing Hedge Funds See Negative Returns
Crypto-Backing Hedge Funds See Negative Returns
June 18, 2018  |  Bitcoin

Hedge funds investing in cryptocurrencies are seeing returns fall, with digital coins down by 35 percent so far this year. Get the Full Story Complete...

READ MORE >
Email Marketers Hurt By GDPR Regulation
Email Marketers Hurt By GDPR Regulation
June 18, 2018  |  Regulation

Email marketers are facing roadblocks due to a new regulation that requires consumers to opt in before additional emails can be sent to them. According...

READ MORE >
Sessions Facing Pushback For Strict Pot Laws By Banking Industry
Sessions Facing Pushback For Strict Pot Laws By Banking Industry
June 18, 2018  |  Bank Regulation

Attorney Jeff Sessions’ strict stance on marijuana companies is facing pushback from the nation’s banks, which are stepping up their lobbying efforts to get more lenient...

READ MORE >
BIS: Bitcoin Will Never Be Mainstream; Could Take Down Internet
BIS: Bitcoin Will Never Be Mainstream; Could Take Down Internet
June 18, 2018  |  Bitcoin

The Bank of International Settlements unleashed a scathing criticism of cryptocurrency over the weekend, saying that it will never be mainstream for financial services. Get...

READ MORE >
Central Bank Eyes More Regulation For FinTech, Shadow Banks
Central Bank Eyes More Regulation For FinTech, Shadow Banks
June 18, 2018  |  Regulation

The Bank for International Settlements (BIS), a forum for the world’s central banks, wants specific regulations that were introduced after the 2008 financial crisis to...

READ MORE >
Google To Invest $550M In JD.com For 1 Percent Stake
Google To Invest $550M In JD.com For 1 Percent Stake
June 18, 2018  |  Google

Google, aiming to boost its presence in Asian markets that are seeing fast growth, is investing $550 million in JD.com, the Chinese eCommerce company. Get...

READ MORE >