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Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter.
May 11 -
Genting Cruise Lines, a Hong Kong-based company that operates cruise ships, has formed a partnership with Wirecard to streamline checkouts for disembarking passengers, eliminating long lines to settle charges at the end of voyages.
May 11 -
Fed Chair Jerome Powell said Thursday that the central bank's board of governors will take a vote before Wells Fargo is ultimately released from its growth restriction mandate, a decision that had previously been left up to staff.
May 11 -
The Tulsa, Okla., company has quietly carved out a niche financing tribal casinos within its footprint, and now it’s ready to take the business into new markets.
May 11 -
The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software.
May 11 -
Several credit union and bank groups have formed a rare united front in letters opposing the Trump administration's rescission package.
May 11 -
The credit unions are primarily in the eastern half of the country, with assets ranging from $11 million to nearly $7 billion.
May 11 -
The misplaced criticism of the media may be a sign that Wells Fargo CEO Tim Sloan still doesn't recognize the true extent of the bank’s problems.
May 11
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It's an important pivot point for the industry — consumer trust is threatened by a steady flow of data breaches, and consumers are divided on whether they want to stick with plastic or move on to mobile and wearable payments.
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