Apple is reportedly facing another regulatory probe, this time in China’s crucial market. China’s State Administration for Market Regulation (SAMR) is considering a formal investigation into the tech giant’s App Store fees and policies, Bloomberg News reported Wednesday (Feb. 5), citing sources familiar with the...
Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm. The firm told Reuters this after being asked about a Wednesday report by French newspaper Les Echos that the French banking regulator ACPR had found...
A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, who served as chief revenue officer at the cryptocurrency lender founded by Alex Mashinsky, admitted to four...
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming its workforce, already reducing its employee base by nearly 40,000, Reuters reported Tuesday (Sept. 12). Santomassimo told...
December 09, 2019
In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of […]
December 07, 2018
Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019...
March 12, 2018
A hammer? A velvet hammer? A helping hand? No one knows at this point, when it comes to a duo of acronyms now inextricably linked: The SEC and ICOs. Last week,...
September 04, 2017
Today, nationwide, Americans are celebrating the joys of hard work and earning an honest day’s living by sleeping late, going one last time to the beach and soaking up the last of...
March 12, 2025
The Federal Trade Commission (FTC) says staffing cuts could delay its case against Amazon. As CNBC reported Wednesday (March 12), attorneys for the regulator have asked a judge to hold off on the start of a trial into whether Amazon had tricked customers into signing up for the company’s Prime program. The reason? Staging and […]
February 05, 2025
Apple is reportedly facing another regulatory probe, this time in China’s crucial market. China’s State Administration for Market Regulation (SAMR) is considering a formal investigation into the tech giant’s App...
March 06, 2024
Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm. The firm told Reuters this after being asked...
September 14, 2023
A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, who served...
