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Shantel Lewis

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Cerberus Divests Its 40% Stake in Two German Banks

Cerberus Capital Management leaves German banking in a hard situation earlier this year as it was expecting this to happen later.
Bolt

Bolt Raises $355 Million In Series E Funding Round

Checkout Technology platform, Bolt, announced $355 Million of Funding from their recent Series-E round with a valuation of $11 billion.

London Stock Exchange Proposes Special Listing To Attract Tech Firms

London Stock Exchange Group (LSEG) has proposed a special listing that may blur the line between private and public companies. According to...

Supply Chain Shortages Rise Amid Green Vehicles Demand

The price of batteries for electric vehicles is expected to surge in 2022, undermining technological and efficiency gains. A...

Citigroup Sells Its Four Consumer Divisions To Singapore’s UOB

Citigroup Inc. will sell its consumer banking businesses in Indonesia, Malaysia, Thailand, and Vietnam to Singapore's United Overseas Bank (UOB). Alongside this,...

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Ramsi's

Ramsi’s Cafe on the World Files for Chapter 11

Ramsi's Cafe on the World filed for chapter 11 bankruptcy protection under the US Bankruptcy Court, Western District of Kentucky. The well-known...

Content Is King As WaitWhat Seals $12 Million in Funding

Media invention company WaitWhat sealed $12 million in a series B funding round backed by a number of investors. These include Raga...
Federal Reserve ACH System

Fed’s Wire Transfer System for Banks Experienced a Several Hour Outage

The Federal Reserve's system that allows banks to wire transfer money back and forth went down for several hours on Feb. 24....

Carnival Reports $2 Billion Quarterly Loss

Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...

JC Penney Emerges from Bankruptcy in Time for the Holiday Season

JC Penney emerged from Chapter 11 Bankruptcy on Dec. 7, 2020, just in time for the holiday season rush. The 118-year-old retailer...