Britain develops a lead in scrapping cash in everyday payments
Britain is taking the lead among major developed economies in moving away from cash in everyday payments, but more than ...
Tag: Bloomberg
Bankman-Fried’s assets plummet from $16 Billion to zero in days
The entire $16 billion fortune of former FTX co-founder Sam Bankman-Fried has been wiped out, one of history’s greatest-ever destructions ...
Petrus urges Temenos top duo to exit, wants strategic review
Activist investor Petrus Advisers is amping up the pressure on banking software maker Temenos AG, calling on the chairman and ...
Stripe cuts headcount by 14%, prepares for ‘leaner times’
Stripe Inc., one of the world’s most valuable startups, will cut more than 1,000 jobs as it seeks to rein ...
JPMorgan’s UK digital bank has more than 1M customers
JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it ...
Klarna plans to cut staff, growth plans after losses mount
Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to ...
Goldman Sachs, Citigroup boost lending to Latin America startups
Banks including Goldman Sachs Group Inc. and Citigroup Inc. are stepping in with loans as Latin American startups face shrinking ...
Revolut wants to compete with PayPal and Apple at online checkouts
Revolut Ltd. is launching a one-click payment feature in a bid to rival PayPal Inc. and other tech giants at ...
Klarna’s sales and losses grow as it builds US business
Klarna Bank AB said losses more than trebled in the first half of the year, ahead of a cost-cutting drive ...
Cash is king for South African banks planning digital transition
South African banks see physical money remaining key to their business as almost a third of their customers aren’t ready ...
