Latest News on private equities market

Fintech Varo gets one step closer to becoming an actual bank: 'We see it as a pretty big moat'

Fintech Varo gets one step closer to becoming an actual bank: 'We see it as a pretty big moat'

Mobile-only finance start-up Varo just got its long-awaited regulatory approval to become a full-scale bank.

6 years ago
Futures rise on hopes virus may be over soon; Sprint soars

Futures rise on hopes virus may be over soon; Sprint soars

U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares surged on hopes of favorable ruling for its merger with T-Mobile.



6 years ago
Banks, fintech startups clash over ‘the new oil’ — your data

Banks, fintech startups clash over ‘the new oil’ — your data

Politico | Victoria Guida | Feb 7, 2020 Fintech companies argue that giving banks a tight grip over the flow of information will allow the big lenders to snuff out new competitors. The nation’s banks are locked in a bitter fight with upstart technology companies over the control of their customers' financial data — and

6 years ago
M&S names Greencore's Eoin Tonge as new finance chief

M&S names Greencore's Eoin Tonge as new finance chief

Marks & Spencer on Tuesday appointed Eoin Tonge, currently the chief financial officer of Irish food group Greencore , as its new finance chief, filling a void left by the departure of Humphrey Singer at the end of last year.



6 years ago
Oil rises from 13-month low as new virus cases slow

Oil rises from 13-month low as new virus cases slow

Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about a lasting hit to oil demand.



6 years ago
IKEA brand owner appoints Abrahamsson Ring as CEO

IKEA brand owner appoints Abrahamsson Ring as CEO

Inter IKEA Group has appointed Jon Abrahamsson Ring as CEO from September, as the owner of the world's biggest furniture brand battles to adapt to new shopping habits and the rise of online rivals.



6 years ago
KKR rules out offer for NMC, Italian-backed group confirms interest

KKR rules out offer for NMC, Italian-backed group confirms interest

Private equity firm KKR on Tuesday said it does not intend to make an offer for troubled NMC Health but Italian-backed GKSD Investment Holding confirmed it could bid.



6 years ago
JD Sports may have to sell Footasylum if it doesn't address competition concerns: watchdog

JD Sports may have to sell Footasylum if it doesn't address competition concerns: watchdog

UK sportswear retailer JD Sports may have to sell Footasylum if it does not address competition concerns about last year's acquisition of its smaller rival, Britain's competition watchdog said on Tuesday after an in-depth review of the takeover.



6 years ago
Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.



6 years ago
China's central bank gives green light to Mastercard's China JV for clearing business

China's central bank gives green light to Mastercard's China JV for clearing business

China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.



6 years ago
U.S. companies cut back on installing robots in 2019

U.S. companies cut back on installing robots in 2019

U.S. companies installed fewer robots in 2019 than they did the year before, the first cut back since 2015, as a downturn in manufacturing fueled by trade wars and weaker demand dampened appetite for the machines.



6 years ago
Exclusive: JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys - sources

Exclusive: JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys - sources

JPMorgan Chase & Co is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys, according to people familiar with the plans.



6 years ago
European stocks reach record highs on hopes virus is peaking

European stocks reach record highs on hopes virus is peaking

World stocks resumed rising towards record highs on Tuesday and the dollar reached a four-month high as China's top medical advisor said the coronavirus epidemic may plateau in the next few weeks.



6 years ago
Merkel's conservatives set to stop short of Huawei 5G ban in Germany

Merkel's conservatives set to stop short of Huawei 5G ban in Germany

Lawmakers from Chancellor Angela Merkel's conservative party are set on Tuesday to back a strategy paper that stops short of banning China's Huawei from taking part in the rollout of Germany's 5G network.



6 years ago
How to delay or ditch Medicare and pick it up later without paying penalties

How to delay or ditch Medicare and pick it up later without paying penalties

If a job is (or will be) part of your post-65 life, be sure you know the rules for putting off or dropping Medicare due to workplace coverage — and the deadlines you'll face when you go to pick it back up — so you don't have to pay late-enrollment penalties.

6 years ago