Central Banking

Goldman Sachs Goes Dutch in $1.9 Billion Deal

Goldman Sachs Group Inc. agreed to buy the asset-management arm, NN Investment Partners (NNIP), of Dutch insurer, NN Group N.V. in a $1.9 billion deal.

CBA Launching StepPay, Challenges BNPL Giant Afterpay

Commonwealth Bank of Australia (CBA) has set in motion its fully digital Buy Now Pay Later (BNPL) offering, StepPay. This helps CommBank...

Senate Bill Puts the Brakes on Dominance of Rival Tech Giants’

Bipartisan Senate Bill Targets Tech Giants’ Dominance to Increase App Store Competition. The...

NACHA Proposes New Operating Rules for Third-Party Senders

In light of the ambiguity of some rules, the National Automated Clearing Association(NACHA) has proposed some new...

Morrisons Becomes Part Of Financially Strong Fortress

Morrisons has conceded a buyout from a consortium led by Fortress Investment Group valuing Britian’s fourth largest supermarket chain at $8.7 (6.3 pounds) billion.
Top US banks cashing in on loans to the rich

Big Banks In The US Are Cashing In On Credit To Rich

Big banks in the United States are cashing in on credit extended to wealthy individuals. The credit extended by the wealth management...

Zomato IPO frenzy continues to stir the market

Indian food aggregator and delivery platform, Zomato goes public. The company has listed its shares both in the National Stock Exchange (NSE)...

LegalZoom Goes Public, On Back of Surge In Revenue

Online legal service provider, LegalZoom has became a publicly traded company. The shares were traded in the Nasdaq Global Select Market under...
US consumer price index

US May 2021 CPI data shows the largest 12-month increase in 13 years

US consumer price index sprints to a record gain in 13 years as consumption patterns continue to dwindle. The Covid-19 pandemic has...

PayPal Welcomes Third-party Cryptocurrency Withdrawals

PayPal has outlined plans to open a gateway for third-party wallet transfers. This will allow the platform's users to move cryptocurrencies out...

Recent Articles

China Puts Pressure on Audio Platform Ximalaya to file for Hong Kong IPO

China's most powerful audio platform Ximalaya announced it would not proceed with its plans for a US IPO. Instead, the audio platform...

Reddit Seeks Investment Bankers and Lawyers for a $15 Billion IPO

Reddit is hiring investment bankers and lawyers for an initial public offering in New York. A month ago, Reddit...
koffee kup

Koffee Kup Bankruptcy Could Cut Employee Benefits

Koffee Kup Bakery employees have been expecting their wages since the company's sudden closure. Additionally, over $830,000 may drop further to $12,000....
ikea buyback program

Ikea Pilots a BuyBack and Resell Service in the US

IKEA US launched its BuyBack and Resell service. It is a part of the company's goal to become a circular business by...
vehicle tracking,

Vehicle tracking firm Ctrack partners with CTA

Vehicle tracking company Ctrack partners with the Commercial Driving Academy to provide tracing features for training vehicles.

Most Popular

DouYu Terminates Merger Agreement with HuYa

On Monday July 12, DouYu International Holdings Limited announced it had terminated its merger agreement with Huya Inc. The merger was worth...

Maple Leaf Cheese Cooperative files for Bankruptcy After 110 Years

Maple Leaf Cheese Cooperative filed for Chapter 11 bankruptcy on December 12, 2020. The 110-years-old Wisconsin-based cheese cooperative is responsible for numerous...
Wells Fargo Online-Only Banking

Banks Weigh Benefits of Online-Only Banking Apps Targeted to Millennials

Wells Fargo & company (WFC) is no longer accepting new users for its online-only banking app, Greenhouse. The app, aimed at younger...

Triton Acquires HiQ and Majority of its Shares

Triton acquires HiQ through Trisall AB. Consequently, Triton is now the owner of 91 percent percent of the shares in HiQ.

CA Restaurateurs Fear Second Shutdown Poses Serious Risk

California began its second shutdown of on-site dining at restaurants on December 6, 2020. Restaurant owners, frustrated by the decision, said it...
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