Report - page 141

Fintech & Ecommerce

Turkish AI-backed Startup Worth Almost $2 Billion in Funding

The Turkish marketing platform Insider, supported by artificial intelligence, announced the attraction of investment funds in the amount of $105 million following the results of the financing round.

Finance & Economics

Disney Begins Third Round of Layoffs

Disney will soon begin the third stage of the campaign to reduce the workforce.

News

BT to Cut 55,000 Jobs

Telecommunications giant BT has announced its intention to cut 55,000 jobs by the end of this decade.

News

Vodafone to Cut 11,000 Jobs

Vodafone announced its intention to lay off 11 thousand employees.

News

Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet

Earnings reports indicate that the profitability of the largest players in the online car sales market is declining amid the actions of retailers to reduce inventory.

Finance & Economics

PacWest Bancorp Reportedly Considers Sale

The media reports that PacWest Bancorp, which is in a difficult situation, is considering selling, breaking up, or increasing its capital.

Finance & Economics

Janet Yellen Warns of US Cash Shortage Risk by June

US Treasury Secretary Janet Yellen said there is a risk that the US will run out of cash by June 1 if Congress does not decide to raise or suspend the debt ceiling.

News

Mobile Money Grows Faster Than Expected: Report

The number of registered mobile money accounts globally rose by 13% in 2022, while total mobile money transaction values grew to $1.26 trillion

News

Citizens Financial CEO Says Regional Banks Can Compete

Bruce Van Son, CEO of Citizens Financial Group, speaking on the Bloomberg Baystate Business Hour podcast, said that regional banks have the potential to fully compete with larger representatives of industry.

Finance & Economics

First Republic Cuts Up to 25% of Workforce

First Republic Bank intends to reduce its workforce by 25% in the second quarter of this year.

News

Main Street Merchant Recession Expectations Match Fed

Main Street is preparing for economic problems amid the consequences of the coronavirus pandemic and inflation.

News

First Citizens Bank to Woo Startups and Rebuild SVB Business Model

The new owner of the Silicon Valley Bank aims to solve two tasks, including improving the business and restoring the reputation of a financial institution.

News

UK and India Seek to Further Strengthen Fintech Collaboration

A new report by the Indian-British Financial Partnership (IUKFP), a leading forum for cooperation in the field of financial services between India and the UK, outlined ways to activate and strengthen cooperation between the two countries in the field of fintech.

News

Bank of America Sees Slowing Credit and Debit Card Spend

In the United States, in March 2023, household spending on credit and debit cards increased by 0.1% compared to the figure recorded for the same period last year.

News

IMF Lowers Forecast for Global Economic Growth After Banking Crises

The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.