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INSIGHT-New generation of digital banks bets on minority markets

INSIGHT-New generation of digital banks bets on minority markets Reuters 2 hrs ago * LGBTQ, Black Americans, Asian Americans among target groups Popular Searches * Face tough task to challenge big banks in a crowded market By Anna Irrera and Maria Caspani NEW YORK, May 13 (Reuters) - After a doctors visit, three court appearances, five trips to the bank and having her name and address published in a newspaper, Billie Simmons finally got a debit card with her chosen name. As a transgender woma...
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Source: msn.com

UPDATE 1-Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn

UPDATE 3-Musk decries bitcoins insane energy use after Tesla payment U-turn Reuters 3 hrs ago * Musk denounces amount of energy used to produce bitcoin Popular Searches * Tesla investor welcomes billionaires sudden U-turn * Musk announcement triggers tumble in cryptocurrencies * Tesla will retain bitcoin holdings (Adds investor comments and related story links) By Hyunjoo Jin and Subrat Patnaik May 13 (Reuters) - Tesla Inc boss Elon Musk on Thursday denounced the "insane" amount of energy use...
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Source: msn.com

Analysis: Elon Musk wants a greener bitcoin. Has he got a plan or a pipedream?

7 Min Read LONDON (Reuters) - Elon Musk says Tesla won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo Musk announced his new position in a major U-turn on Wednesday, prompting speculation among some ...
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SoftBank leads US$1 billion investment in e-commerce company THG

SoftBank leads US$1 billion investment in e-commerce company THG Toggle share menu Advertisement 11 May 2021 06:10PM Share this content Bookmark LONDON: Beauty and lifestyle e-commerce company THG Plc has raised more than US$1 billion in new equity, including US$730 million from Japans SoftBank Group. The deal gives SoftBank a stake of just under 10per cent in the Manchester-based company formerly known as The Hut Group, and an option to invest a further US$1...
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Alphabet : Google Pay launches international money transfers with Wise and Western Union

Message : Required fields LONDON (Reuters) - Alphabet Incs Google has launched international money transfer partnerships with remittances firms Wise and Western Union Co for users of its U.S. payments app, the companies said on Tuesday. Google Pay users in the United States can now transfer money to app customers in India and Singapore, with plans to expand to the 80 countries available via Wise, and 200 via Western Union by the end of the year. Googles foray in the $470 billion remittance...
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JPMorgan names two new CIOs for tech units

By Syndicated Content By Anna Irrera (Reuters) – JPMorgan Chase has appointed James Reid as chief information officer for a new unit focused on developing and modernising technology used by the bank’s 250,000 employees, an internal memo sent on Friday and seen by Reuters showed. Reid, who was most recently head of corporate technology’s engineering and architecture team, becomes the bank’s first Black CIO and the first Black member of its technology leadership te...
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Source: wsau.com

Barclays, BNP Paribas see profit spike from stock trading frenzy - Netscape Money & Business

Barclays, BNP Paribas see profit spike from stock trading frenzy By Lawrence White, Matthieu Protard and Iain Withers Reuters LONDON/PARIS (Reuters) - Barclays and BNP Paribas reported bumper first-quarter profits on Friday, as an equities trading boom offset a slump in demand for fixed income products, showing the value of having a broad-based banking business. The topsy-turvy trading results for two of Europes biggest remaining investment banks highlighted how volatile markets amid the gl...
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